BTC Maintains Price Above $98,000, Altcoins Remain Volatile
The cryptocurrency market continued its upward trajectory during the last weekend of November. On Monday, November 25, Bitcoin recorded a 1.42 percent increase in value on international exchanges compared to the day before. At the time of writing, BTC was priced at $98,095 (approximately Rs. 82.6 lakh) on global platforms. In contrast, Indian exchanges such as CoinSwitch and Giottus reflected a slight decline of less than one percent, with Bitcoin trading at $98,280 (approximately Rs. 82.8 lakh). Despite these small fluctuations, Bitcoin continues to deliver strong performance.
“Despite this setback, Bitcoin has shown resilience, up nearly 44 percent since early November. Investors suggest this dip could provide a buying opportunity, especially for undervalued utility tokens. Investors are predicting potential peaks for Bitcoin in mid-2025, with momentum aiming to reach the $100,000 mark (approximately Rs. 84.2 lakh). As investors digest these swings, attention will likely shift to potential rebounds in the altcoin sector and broader market stabilization in the coming days,” Shivam Thakral, CEO of BuyUcoin, told Gadgets360.
Ether posted a gain of 0.19 percent internationally. At the time of writing, ETH was priced at $3,390 (approximately Rs. 3.85 lakh) on global platforms, as per CoinMarketCap. According to Indian exchanges, ETH witnessed a price decline of 3.29 percent. Currently, ETH is trading at $3,345 (approximately Rs. 2.82 lakh) on national exchanges.
“The market structure remains bullish for the major cryptocurrency, although a profit-taking-driven decline this week cannot be ruled out. Major altcoins have seen three to seven drops today. Cardano and Polkadot have fallen the most among top tier one coins,” Vikram Subburaj, CEO of Giottus, told Gadgets360.
Gadgets360’s crypto price tracker showed Tether, Solana, Ripple, Dogecoin and Cardano posting losses.
Tron, Avalanche, Stellar and Shiba Inu are also trading in price declines.
“While some analysts foresee a potential correction, others remain optimistic about the market’s upward trajectory. Current geopolitical tensions, especially the escalating conflict between Russia and Ukraine, should be closely monitored as they could impact market sentiment and broader financial conditions,” the CoinSwitch markets desk told Gadgets360.
Binance Coin, Chainlink, Uniswap, EOS Coin, Iota and SushiSwap are among altcoins trading with small gains on Monday.
The total cryptocurrency market cap fell 0.77 percent in the past 24 hours, with most altcoins volatile. The market capitalization of the sector currently stands at $3.33 trillion (approximately Rs. 2,80,71,228 crore). CoinMarketCap.
