Despite the ongoing uncertainty in the cryptocurrency market, Bitcoin is mostly unchanged, consolidating in a narrow trading range of $15,800 to $17,200. With a price range of $1,175 to $1,280, Ethereum, the second-most valuable cryptocurrency, is also trading sideways.
Even if the global crypto market value gained 0.16% to $836 billion on the previous day, major cryptocurrencies were trading in the red early on November 18.
The overall volume in DeFi was $2.62 billion, accounting for 5% of the total 24-hour volume in the crypto market. Moreover, the overall volume of all stable coins was $48.64 billion, accounting for 93% of the total 24-hour volume of the crypto market.
Let's take a look at the top 24-hour altcoin gainers and losers.
Litecoin (LTC), UNUS SED LEO (LEO), and Aptos (APT) are three of the top 100 coins that have gained value in the last 24 hours. The LTC price has soared by more than 7% to $62, the LEO price has grown by more than 7% to $4.15, and the APT price has increased by nearly 6.5%.
Solana (SOL) has dropped more than 4% in the last 24 hours to trade at $13.65. Synthetix (SNX) has plunged by more than 3.5% in the last 24 hours to trade at $1.75.
Tim Draper, a well-known venture capitalist, recently told Bloomberg that the price of Bitcoin could reach $250,000 and even go beyond that incredibly bullish price target.
Although the market has dropped significantly, Draper is unwavering in his prediction.
“It will take a moment when you can buy your food, your clothing, and your shelter all in Bitcoin.”
He continued by saying that women are responsible for eighty percent of all consumer expenditures. Draper is certain that they will succeed in popularizing Bitcoin.
"It's gotta move pretty quickly when women
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