Bitcoin
$23,785.14
+665.88
(+2.88%)
Ethereum
$1,645.86
+60.78
(+3.83%)
Ripple
$0.42
0
(+1.1%)
Litecoin
$94.79
+0.43
(+0.46%)
EOS
$1.12
+0.02
(+2.01%)
Cardano
$0.40
+0.01
(+3.79%)
Stellar
$0.09
0
(+1.35%)
NEO
$8.43
+0.13
(+1.59%)
NEM
$0.04
-0
(-0.23%)
DigitalCash
$56.90
+1.95
(+3.55%)
Tether
$1.00
0
(0%)
Binance Coin
$317.55
+9.8
(+3.18%)
QTUM
$2.76
+0.11
(+3.96%)
Verge
$0.00
0
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Ontology
$0.22
+0.01
(+3.02%)
ZCash
$47.23
+1.05
(+2.27%)
Steem
$0.20
0
(+2.21%)

Bitcoin Stalls at $62K, Shiba Inu Plunges 35% From ATH

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After the enhanced volatility prompted by news from the United States, bitcoin has calmed around $61,500. Some altcoins have also slipped since yesterday, with SHIB losing double-digits in a day. In contrast, Solana has tapped yet another new all-time high.

Bitcoin’s 24H Ride

Just a few days ago – on November 1st – the primary cryptocurrency dumped below $60,000. It reacted well, rebounded just as quickly, and even exceeded $62,000. Following another brief decline, BTC went on the offensive again and skyrocketed to $64,500 – the highest price level since mid-October.

However, it failed to continue upwards and stalled around $63,000, as reported yesterday. This is where news from the US Federal Reserve emerged indicating that the central bank will slow down its money-printing initiatives.

In a matter of minutes, BTC dumped by $3,000 and bottomed at $60,000. However, it spiked back up just as quickly. As of now, though, the asset has slid in value once again and stands below $62,000.

Although its market capitalization still sits above $1.150 trillion, bitcoin’s dominance over the alts is now below 43%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

SOL New ATH: SHIB Dumps Hard

Ether performed well in the past few days, setting new all-time highs, with the latest coming yesterday at nearly $4,700. However, the second-largest crypto has lost some traction since then and is now down to $4,500.

Solana, though, continues to march on and tapped a new record of over $240 earlier today. Moreover, its market capitalization has exceeded that of Tether and SOL is now the fourth-largest digital asset by that metric.

Polkadot and Terra are slightly in the green, while Avalanche is the most significant gainer with a 9% surge to $78. Earlier today, AVAX saw a new ATH of its own at just over $80.

Cardano, Ripple, Dogecoin, and Chainlink have lost substantial chunks of value. Nevertheless, Shiba Inu has dumped the most in a day – 15%. Furthermore, SHIB is now down roughly 35% from its ATH as Kraken’s potential listing of the popular meme coin has been delayed.

IoTeX has exploded by 110% in a day and 160% in a week to $0.16, making it the biggest gainer. As such, IOTX has found a place within the top 100 coins.

Holo (19%), Telcoin (15%), Axie Infinity (12%), Kadena (12%), Ravencoin (12%), and Amp (12%) follow suit.
The crypto market cap is down by $40 billion in a day, but it’s still well above $2.7 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
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Cryptocurrency charts by TradingView.





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