Crypto market update: BTC falls to $56,000

Dogecoin (DOGE) regains its position among the top 10 after falling to 11th spot yesterday

A bitcoin token with a stack of other tokens on a black background                                 
How are bitcoin and other leading cryptos stacking up? – Photo: Alamy
                                

The price of bitcoin (BTC) ended yesterday on $56,272 after falling 4.11% during the day, according to Currency.com. The lead cryptocurrency price is now $56,231. The volume of BTC has increased by 24.59% over the past 24 hours.

Meanwhile, six out of the top 10 cryptos are down today on CoinMarketCap, with BTC down by 1.54%. Ethereum (ETH) is down 0.59% to $4,152, solana (SOL) is down by 2.56% to $212 and cardano (ADA) is also down by 1.53% to $1.77.

Binance Coin (BNB) is up 1.50% to $578, and the two stablecoins in the top 10 – Tether (USDT) and USD Coin (USDC) – are also up. USDT is up 0.03% but is still priced at $1, with USDC up by 0.10% but is also still at $1.

Ripple (XRP) is down 0.84% to $1.04, however, dogecoin (DOGE) is up by 0.70% to $0.22 and is back in the top 10 cryptos after it fell to 11th place yesterday.

Biggest risers

The biggest riser of the day is Amp (AMP), which is up by 44.13% to $0.073. According to CoinMarketCap, AMP is described as “the new digital-collateral token offering instant, verifiable assurances for any kind of value transfer”.

The second-biggest riser of the day is The Sandbox (SAND), which is up by 34.90% to $5.57. CoinMarketCap says SAND “is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game”.

The third-biggest riser of the day is Loopring (LRC), which has risen by 16.02% to $3.09. LRC, as CoinMarketCap explains, is the “Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralised crypto exchanges”.

Biggest fallers

Fountain (FTN) is the biggest faller of the day, having dropped by 24.03% to $35.45. CoinMarketCap says FTN is a crypto that runs on the Ethereum network.

The second-biggest faller of the day is ICON (ICX), down by 9.17% to $2.06. ICX is described “as a decentralised blockchain network focused on interoperability” by CoinMarketCap.

The third-biggest faller of the day is Stacks (STX), dropping by 9.08% to $2.03. STX “is a layer-1 blockchain solution that is designed to bring smart contracts and decentralised applications (DApps) to BTC”, states CoinMarketCap.

All prices were correct as of 12:55 GMT on Tuesday 23 November.

Bitcoin to US Dollar
Daily change
50300.4
Low: 49080.2
High: 51109.2

Further reading:

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