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BTC and Altcoins Decline, ALGO Soars 15%

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5 hours ago

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The crypto prices today have largely followed a concerning bearish trend. Bitcoin (BTC) witnessed a sharp drop, reaching the $91K level. Ethereum (ETH), Solana (SOL), and XRP also significantly declined over the past day. Meanwhile, Algorand (ALGO) and Fantom (FTM) emerged as the top gainers in the last 24 hours.

The overall market cap has decreased by 2%, currently at $3.18 trillion. Additionally, the overall trading volume has dropped by 9%, now at $220 billion. Let’s explore the performance of top cryptocurrencies as reflected in the crypto prices today on November 27.

Crypto Prices Today: BTC, ETH, SOL, and XRP Drop

The crypto prices today reveal a sharp decline, with BTC prices plummeting significantly, briefly touching $91K. Ethereum (ETH), Solana (SOL), and XRP mirrored this broader bearish trend, continuing their downward trajectory. Meme coins also faced a drop in value, reflecting the overall market sentiment.

Bitcoin Price Today

BTC price tanked over 2% in the last 24 hours, currently trading at $92,890, with a 24-hour range of $90,770 to $94,991. Bitcoin’s market cap stands at $1.84 trillion, with $90 billion in trading volume and a dominance of 57.52%.

A significant $122 million outflow from BTC ETFs was recorded as of November 26, with BlackRock’s data yet to be disclosed. Fidelity led the outflows with $95 million. Meanwhile, Brazil’s Congress is reviewing a bill to create a strategic Bitcoin reserve.

Ethereum Price Today

Similarly, ETH price experienced a 2% decline, currently trading at $3,362. Its intraday low and high were recorded at $3,255 and $3,448, respectively. Ethereum’s market cap stands at $405 billion, with $39 billion in trading volume over the last 24 hours.

According to Sosovalue, ETH ETFs saw a total outflow of $9.45 million. While data from BlackRock is still awaited, Grayscale led other ETFs with an inflow of $16 million.

Solana Price Today

The crypto prices today reveal a 3% drop in Solana (SOL) over the past 24 hours, with the coin currently trading at $233. Its 24-hour low and high stand at $222 and $239, respectively, with a market cap of $110 billion and a trading volume of $7 billion.

Meanwhile, the Solana meme-coin launchpad Pump Fun has announced an indefinite suspension of its live-streaming feature. This decision has sparked curiosity within the Solana community.

XRP Price Today

XRP price dipped nearly 6%, currently trading at $1.369, with a 24-hour low and high of $1.29 and $1.45, respectively. Its market cap stands at $78 billion, with a trading volume of $9 billion and a market dominance of 2.45%, making it the sixth-largest cryptocurrency by market cap.

Ripple, the company behind XRP, has contributed $25 million to the pro-crypto PAC, Fairshake. This donation strengthens its support for pro-crypto initiatives in the industry.

Meme Coin Prices Today

The meme coin sector has mirrored a waning trend today, with Dogecoin (DOGE) price experiencing a 4% dip, currently trading at $0.3876. Its 24-hour low and high are $0.36 and $0.40, respectively, with a market cap of $57 billion and a trading volume of $8.6 billion over the past 24 hours.

Meanwhile, Shiba Inu (SHIB) price saw a 3% drop, reaching $0.00002446. Other meme coins like PEPE, BONK, and WIF also slipped by 4% to 8% today, reflecting a broader downturn in the sector.

Top Crypto Gainers Prices Today

Algorand

Algorand (ALGO) price is up by 15%, currently trading at $0.299. Its 24-hour low and high are $0.2515 and $0.3089, respectively, reflecting strong positive movement in the market.

Fantom

Fantom (FTM) price is up by 14%, currently trading at $1.09. Its 24-hour low and high are $0.92 and $1.13, respectively, showing strong gains in the past day.

Top Crypto Losers Prices Today

Stellar

Stellar (XLM) price is down by 15% in the last 24 hours, currently trading at $0.42. Its 24-hour low and high are $0.4186 and $0.5104, respectively, reflecting a significant decline in value.

The Sandbox

Sandbox (SAND) price is down by 10%, currently trading at $0.58. Its 24-hour low and high are $0.58 and $0.66, respectively, showing a decline in value over the past day.

Nonetheless, the hourly time frame and the crypto prices today indicate a potential reversal, with BTC and top altcoins showing signs of strength. This shift suggests a possible recovery after recent declines, as market sentiment starts to improve.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum Co-Founder Vitalik Buterin Sell Meme Coins, Here’s Why

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46 minutes ago

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November 27, 2024

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Ethereum co-founder Vitalik Buterin converted some meme coins he received into 22.89 ETH today. He later donated 320 ETH approximately $1.07 million to Coin Center, a prominent cryptocurrency policy advocacy organization.

Buterin’s actions reflect his stance on these tokens and commitment to crypto education. He supports initiatives driving policy development. Check the top meme coins making waves in this bull market.

Vitalik Buterin Converts Free Meme Coins into ETH 

On November 27, blockchain data tracker Lookonchain revealed that Buterin sold several meme cryptocurrencies transferred to his wallet. In return, he received 22.89 ETH, valued at approximately $76,500. As per Arkham Intelligence data , Vitalik Buterin received these coins for free.

Buterin similar to Changpeng Zhao discouraged meme tokens from sending tokens to his wallet. Instead, he recommends donating these funds directly to impactful causes.

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Following the meme coin sale, Vitalik Buterin donated 320 ETH (valued at $1.07 million) to Coin Center. This contribution underscores Buterin’s dedication to promoting ethics in the blockchain space. He remains committed to advancing regulatory clarity.

Coin Center based in Washington D.C., is a leading advocacy group for cryptocurrency policy. The non-profit focuses on protecting individual rights to create, use, and operate open blockchain networks like Bitcoin and Ethereum.

It accomplishes its mission by producing policy research, educating policymakers, and advocating for balanced legislation. It also litigates to defend civil liberties in the digital age. Vitalik Buterin’s donation is expected to strengthen the organization’s efforts in defending decentralized technology and promoting innovation.

Ethereum Price Context

Ethereum (ETH) price is trading at $3,426 experiencing a slight dip over the past 24 hours. Its daily low and high range from $3,255 to $3,443. Ethereum’s market cap stands at $408 billion, with a trading volume of $40 billion in the past day. The cryptocurrency commands a market dominance of 12.8%, cementing its position as the second-largest cryptocurrency by market capitalization.

Moreover, NYSE Arca filed a 19b-4 proposal for Bitwise’s Ethereum ETP. This move highlights the growing interest in Ethereum-based financial products. It signals increasing institutional involvement in the Ethereum market.

Recently, Ethereum co-founder Vitalik Buterin purchased ANON tokens of Anoncast for posting anonymously on Farcaster account.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Grayscale Opens Private Placements in XRP, SOL, XLM and 15 Other Trusts

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4 hours ago

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November 27, 2024

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Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.

In an official announcement on November 26, Grayscale Investments announced the reopening of private placement subscriptions at net asset value (NAV). These are available for accredited investors only.

As per Grayscale, accredited investors mean those who earn more than $200,000 a year (or $300,000 per year with a spouse or spousal equivalent). They must have a net worth of more than $1 million, either alone or together with a spouse or spousal equivalent. Entities must have $5 million in liquid assets.

Investors can invest in trust for top and trending tokens including Ripple’s XRP, Solana (SOL), Stellar (XLM), Avalanche (AVAX), AAVE, Chainlink (LINK), Filecoin (FIL), NEAR, Bittensor (TAO) and Zcash (ZEC). Other tokens include Basic Attention Token (BAT), Bitcoin Cash (BCH), Litecoin (LTC), SUI, Stacks (STX), Maker (MKR), and Livepeer (LPT), and Decentraland (MANA).

Grayscale also listed Decentralized AI Fund among the trusts for private placement subscriptions. The fund consists of NEAR, TAO, FIL, RENDER and GRT tokens.

The recent selloff in Bitcoin price has also triggered selling in XRP, Solana (SOL), and Stellar (XLM). XRP price fell over 10% to hit a 24-hour low of  $1.3.

Whereas, SOL price retraced 5% to $229 and XLM fell nearly 15%, with the price currently trading at $0.4316.

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Varinder Singh

Varinder has over 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently leading the news team to cover latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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THENA (THE) Price Soars 400% On Binance Listing Announcement

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6 hours ago

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November 27, 2024

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THENA price has skyrocketed 500% in the last 24 hours ahead of its highly anticipated Binance listing. The token, a liquidity layer built on the BNB Chain and opBNB, is gaining significant traction in the market.

Binance’s announcement has fueled demand, with traders expecting increased liquidity and adoption for THENA. The listing marks a major milestone for the project, solidifying its position in the crypto ecosystem.

THENA Price Surge Driven by Binance Listing Announcement

Binance announced on November 26 that it will list THE token, a liquidity layer built on the BNB Chain and opBNB. This announcement triggered a massive surge in the token’s price, which skyrocketed by 500% in the last 24 hours. The news has generated significant excitement among traders, with many anticipating increased liquidity and exposure following the listing.

Binance, one of the top cryptocurrency exchanges, will open trading for multiple pairs, including THE/BTC, THE/USDT, and others. This listing is expected to provide greater visibility for THE and make it accessible to a broader range of traders. With its listing, THENA is poised for wider adoption and enhanced liquidity, key factors for its continued growth in the decentralized finance (DeFi) ecosystem.

The announcement has positioned THENA for increased demand, signaling a promising future for the token. As the listing date approaches, THE token is expected to gain further attention, solidifying its place in the crypto space.

THE’s Meteoric Rise: Price Soars and Market Cap Surges

THE price is currently trading at $1.17, marking an extraordinary 500% surge in the last 24 hours. The token has experienced high volatility, with a low of $0.20 and a high of $1.26 within the past day. Over the past week, the price has increased by 550%, bringing its market capitalization to $54 million. With a 24-hour trading volume of $27 million, THENA’s performance continues to capture significant attention in the crypto market.

Moreover, listings on top exchanges tend to attract more traders and investors, further driving the price of the token upwards. For instance, DEGEN’s price soared by 40% following its Binance listing announcement.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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