Despite dropping to under $61,000 again, Bitcoin has calmed down to around $61,500. As its consolidation continues, Binance Coin passes $600 for the first time since mid-May.
The primary cryptocurrency hit a two-week high of about $64,500 on Nov. 2, but failed to rise toward its $67,000 peak. Instead, the bears moved forward and pushed down.
In the last 24 hours, the bears have brought it down once more, and the cryptocurrency has dropped below $61,000. As of now, however, it has regained over $569 in value and is around a family price level – $61,569.
Bitcoin’s market capitalization is still above $1,150 trillion, while Altcoin dominance is down 43%.
BNB reaches a six-month peak
Most alternative currencies remained quite stagnant on a 24-hour scale. Ethereum, Solana, Dogecoin, Avalanche and Chainlink registered smaller gains. In contrast, Ripple, Cardano and Polkadot are slightly red.
Shiba Inu continues to lose value with another 10.42% dump since yesterday. As of now, SHIB is nearly 50% off its recent ATH and is just over $0.00005.
LUNA has increased 5.88% since yesterday and is currently above $50. However, Binance Coin is the most significant earner of the major titles.
BNB rose 8.7% and is trading at $603, the highest asset price level since mid-May. In addition, BNB’s market capitalization is close to once again reaching $100 billion.
The top 100 currencies have a new representative – Phoenix Global. The PHB soared 6,000% in one day to $0.9. However, cryptocurrency rumors circulate on Twitter that this is another pump-and-dump scheme.
CRO increased 24%, followed by Kadena (22%), Arweave (16%), OMG Network (16%), Enjin Coin (16%), The Graph (13%), Fantom (11%) and eCash (10% ).
As a result, cryptocurrency’s market capitalization has approached its record high of just $2,750 trillion.