Bitcoin Price and Ethereum Unchanged, Chiliz Rockets 16%
Bitcoin is mostly unchanged on November 16 as it continues to consolidate below the 23.6% Fibonacci retracement level of $17,200, which is now acting as resistance. Ethereum, the second-most valuable cryptocurrency, is also trading sideways, with a price range of $1,200 to $1,285.
Major cryptocurrencies were trading in the green early on November 16, as the global crypto market cap gained over 0.50% on the previous day to $847 billion. In the last 24 hours, the crypto market volume has increased by 25% to $62.50 billion.
DeFi's total volume is currently $3.86 billion, accounting for over 6% of the overall crypto market 24-hour volume. The overall volume of all stablecoins is now $58 billion, accounting for 93% of the total 24-hour volume of the crypto market.
Let's take a look at the top altcoin gainers and losers over the last 24 hours.
Chiliz (CHZ), Stacks (STX), and Algorand (ALGO) are three of the top 100 coins that have gained value in the last 24 hours. The CHZ price has soared by more than 16% to $0.2325, the STX price has grown by more than 12% to $0.2480, and the ALGO price has increased by nearly 12%.
Trust Wallet Token (TWT) has dropped more than 16% in the last 24 hours to trade at $1.89. Helium (HNT) has dropped by more than 5% in the last 24 hours to trade at $2.45.
The current Bitcoin price is $16,892, and the 24-hour trading volume is $35 billion. Bitcoin has increased by less than 1% in the last 24 hours. CoinMarketCap currently ranks first, with a live market cap of $324 billion, down from $352 billion.
It has a maximum supply of 21,000,000 BTC coins and a circulating supply of 19,208,587 BTC coins.
Bitcoin's technical aspects haven't changed much, as it's still trading exactly in line with our previous Bitcoin
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