Cryptocurrency Price Analysis: Market Volatility Continues with Bitcoin Holding Strong

Market Overview

On November 8, the cryptocurrency market experienced mixed price actions, with Bitcoin trading at $75K while altcoins showed a turbulent market sentiment. Neiro (NEIRO) emerged as the top gainer of the day. The global crypto market cap decreased by 2.64% to $2.48 trillion, with a 37.63% drop in total market volume to $134.43 billion.

Bitcoin Price Update

Bitcoin (BTC) saw a 1% increase in the past 24 hours, reaching $75,851. The coin’s market cap stood at $1.50 trillion, with a market dominance of 60.52%. Notably, spot BTC ETFs saw $1.3 billion in inflows on November 7, according to Sosovalue data.

Ethereum and Solana Performance

Ethereum (ETH) gained over 1.5% to reach $2,902, with a market cap of $349.39 billion. Solana (SOL) surged by nearly 5% to hit $199, outperforming Ethereum recently, as reported by CoinGape Media.

Altcoin Movements

XRP price dropped by 1% to $0.5512, while Dogecoin (DOGE) fell by 0.5% to $0.1953. Shiba Inu (SHIB) and Pepe coin showed marginal gains, while dogwifhat (WIF) price saw a 2% decline to $2.34.

Top Gainers and Losers

Neiro (NEIRO) surged by 22%, Cardano (ADA) by 15%, and Goatseus Maximus (GOAT) by 10%. On the other hand, Lido DAO (LDO) dropped by 8%, MOG C0in by 5%, and Kaspa (KAS) by 6%.

Market Outlook

The crypto market remains bullish, supported by positive news like Trump’s pro-crypto stance. With over $2 billion in USDT injected into the market, traders are optimistic about future price movements. Overall, investors are closely monitoring crypto prices for potential shifts in the coming days.

Author

Coingape Staff consists of experienced writers and editors dedicated to presenting news as facts. The team has contributed to this article.

Disclaimer: The views expressed are personal opinions and subject to market conditions. Do your research before investing in cryptocurrencies. The author and the publication are not liable for any financial losses.