BTC and Altcoins Decline, ALGO Soars 15%

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 Staff

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.