Highlights
The cryptocurrency prices today set off bullish waves across the broader industry, taking a noteworthy upside trajectory amid the ongoing U.S. elections. Bitcoin (BTC) price touched the $75K level on Wednesday, whereas Ethereum (ETH), Solana (SOL), & XRP prices gained 6%-16% intraday. Notably, Dogecoin (DOGE) leads the meme coins sector with phenomenal gans, crossing the $0.2 price level recently. Further, the total crypto market volume over the past day noted an 8% surge in value to $2.45 trillion. Moreover, the total market volume witnessed a 51.42% increase in value to $126.04 billion.
Here’s a brief report on some of the top cryptocurrencies by market cap and their price run today, November 6.
The ongoing U.S. presidential elections appear to have positively impacted the digital assets landscape. Notably, as the Republican Donald Trump’s winning odds continue to rise substantially, per recent Polymarket data, a pro-crypto wave appears to have impacted the cryptocurrency sector. While BTC touched a new ATH and traded at $74K amid the election buzz, top altcoins gained considerably. Similarly, Dogecoin noted remarkable gains in light of Trump and Musk’s D.O.G.E saga amid the U.S. elections. So, let’s dig deeper into the crypto prices today.
BTC price surged nearly 9% in the past 24 hours and is currently trading at $74,366. The coin’s intraday low and high were recorded as $68,147.62 and $75,011.06, respectively. BTC’s market cap stood at $1.47 trillion today. Further, the flagship crypto’s market dominance witnessed a 0.24% increase to 59.60%. Intriguingly, this rising movement comes despite $72.67 million worth of outflows in spot Bitcoin ETFs as of November 5, excluding BlackRock data, sparking investor speculations.
ETH price chart indicated gains worth nearly 7% in the past 24 hours and is currently trading at $2,579. The coin’s 24-hour low and high were recorded as $2,402.50 and $2,631.72, respectively. ETH’s market cap rested at $310.25 billion today. However, spot Ethereum ETFs recorded net flows worth $0 million, excluding BlackRock’s ETHA, adding to the intrigue surrounding the coin’s price movements.
The crypto SOL witnessed a 16% rise in value and is currently trading at $184. The coin’s intraday low and high were recorded as $159.38 and $185, respectively. Solana’s market cap rested at $87.09 billion today. Conversely, a recent SOL price analysis by CoinGape Media indicated that Solana whale sell-offs signal a potential market shift ahead.
XRP price experienced a nearly 6% increase in value and is currently sitting at $0.5312. The coin’s intraday low and high were recorded as $0.5048 and $0.5359, respectively. XRP’s market cap rested at $30.22 billion today. Meanwhile, XRP whales transferred $814 million worth of coins, sparking investor speculations surrounding the asset’s price.
Simultaneously, Dogecoin (DOGE) led the meme crypto sector’s gains, soaring nearly 27% intraday to $0.2074. Further, even Shiba Inu (SHIB) price soared nearly 11% to $0.00001928. Also, PEPE, WIF, and BONK prices gained 15%-20% over the past day.
GOAT price rallied nearly 50% intraday and is now trading at $0.7005. The coin’s intraday low and high were recorded as $0.469 and $0.7229, respectively.
SUI price upsurged 21% over the past day and is now trading at $2.29. Its intraday low and high were $1.88 and $2.29, respectively.
WIF price gained followed, gaining 20% over the past day to reach $2.40. The coin’s intraday low and high were $2.01 and $2.42, respectively.
TRX price slipped marginally by 0.21% in the past 24 hours and is now sitting at $0.1621. Its intraday low and high were $0.1599 and $0.1627, respectively.
XMR price followed, waning 0.2% intraday and reaching $159. The crypto’s 24-hour low and high were $157.21 and $162.84, respectively.
Besides, BTC and ETH prices gained 0.5%-1% during the hourly time frame, sparking further investor enthusiasm over cryptocurrency prices today. Further, in a post by Thinking Crypto podcast founder Tony Wdward, it was brought to attention that pro-crypto candidates gained significant support amid the current U.S. elections. This saga has added to market bullishness regarding the future of crypto prices.
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