NewsletterCryptocurrency Prices Today: FTX falls 15.8%, Solana & Dogecoin plunge by 12%
Cryptocurrency Prices Today 14th Nov: Cryptocurrency markets witnessed their worst seven-day run since June 2022, following Terra’s meltdown during the weekend as crypto prices continued to fall. The world’s largest cryptocurrency, Bitcoin’s price plummeted to $16,103 while the second-largest digital token, Ether, the coin linked to the Ethereum blockchain fell down 6% to $1,191. Altcoins had a similar fate.
The global crypto market cap today remained below the $1 trillion mark today, tumbling as much as 5% in the last 24 hours. All the top cryptocurrencies were in red on Monday. FTX Token plunged 15.8%, Solana fell 13.11%, while Polygon, Dogecoin, Shiba Inu, and XRP tumbled 10% each. Terra Classic also lost 1.11% of its value.
“As markets reacted to the latest news surrounding FTX being hacked, most cryptocurrencies continued to fall over the weekend. After a week of turbulence, Bitcoin and Ethereum are still trading in red, maintaining this sentiment due to sustained selling. BTC is back to the $16,000 level. If bulls can keep BTC above the current level, we might see a trend toward $17,000. Else, there are chances that BTC could reach the $15,500 level soon. The second largest cryptocurrency, Ethereum, has dipped about 6% in the past 24 hours. ETH has also breached its monthly support of $1245, which shows the seller’s strength in the market. ETH’s support now lies at $1100 and $1000, while the resistance level is at $1254,” said Edul Patel, CEO, and co-founder of Mudrex.
Also Read: Is Crypto.Com Next After FTX? CRO Price Down 50%
Other cryptocurrencies’ prices that fell today include Binance USD, Avalanche, Solana, Tether, XRP, Terra, Tron, Litecoin, ApeCoin, Polygon, Cardano, Stellar, Chainlink, Uniswap, Polkadot. Their prices were trading with cuts over the last 24 hours.
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