Today’s Cryptocurrency Prices: Bitcoin Reaches 19-Month High, Ether and Cardano Experience Losses

Bitcoin reached a 19-month high today, briefly touching $38,000 (approximately Rs. 31 lakh). Despite market volatility, the oldest cryptocurrency saw a small gain on November 30, with its price reaching $37,866 (roughly Rs. 31.5 lakh). November was a profitable month for the crypto market as Bitcoin’s price continued to rise. Market analysts pointed to Bitcoin’s tight trading pattern as an indicator of potential bullish continuation in the coming weeks.

In contrast, Ether experienced a loss and did not follow Bitcoin’s upward trajectory. The value of ETH currently stands at $2,030 (approximately Rs. 1.69 lakh), reflecting a 1.08 percent decrease.

According to the CoinDCX research team, Bitcoin retraced from the $38,000 resistance level after the opening of Wall Street on November 29, influenced by better-than-expected US gross domestic product (GDP) figures. Ethereum also saw a slight decline but held its ground above the 20-day exponential moving average (20 EMA D).

Profit-making cryptocurrencies included Solana, Dogecoin, Tron, Avalanche, Polygon, and Litecoin, alongside Bitcoin. Other cryptocurrencies, such as Tether, Binance Coin, Ripple, Cardano, Chainlink, and Polkadot, experienced losses along with Ether.

The overall crypto market cap decreased by 0.01 percent in the last 24 hours and currently stands at $1.43 trillion (approximately Rs. 1,19,18,735 crore) according to CoinMarketCap.

The altcoin in focus was dYdX, which experienced a 1.5 percent decline as traders turned their attention to decentralized exchanges. In other news, Binance preponed the ending of its support for the stablecoin BUSD, while BNB (-0.7 percent) remained trading flat on the news.

It’s important to note that cryptocurrency is an unregulated digital currency and is subject to market risks. The information in this article is not intended to be financial advice, trading advice, or any other form of recommendation. NDTV shall not be responsible for any loss arising from investment based on information contained in the article. Affiliate links may be automatically generated.