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Bitcoin (BTC) Rebounds Following FTX Founder’s Conviction

Bitcoin (BTC) managed to reclaim the $35,000 mark early Monday, recovering from the brief slump following the conviction of embattled crypto platform FTX founder Sam Bankman-Fried over money embezzlement. The overall marketÔÇÖs Fear & Greed Index stood at 73 (greed) as per CoinMarketCap. Popular altcoins ÔÇö including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) ÔÇö landed in the greens across the board. MultiversX (EGLD) became the biggest gainer of the lot, with a 24-hour jump of over 37 percent. GateToken (GT), on the other hand, became the biggest loser, with a 24-hour loss of over 1 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $35,032.16, registering a 24-hour loss of 0.81 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 30 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,887.45, marking a 24-hour jump of 0.20 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.62 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 2.80 percent, as per CoinMarketCap data, currently priced at $0.07185 As per WazirX, Dogecoin price in India stood at Rs 6.11.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour jump of 0.49 percent. At the time of writing, it was trading at $71.85. LTC price in India stood at Rs 6,128.86.

Ripple (XRP) Price Today

XRP price stood at $0.683, seeing a 24-hour gain of 9.35 percent. As per WazirX, Ripple price stood at Rs 59.04.

Solana (SOL) Price Today

Solana price stood at $41.19, marking a 24-hour loss of 3.46 percent. As per WazirX, SOL price in India stood at Rs 3,508.86.

Top Crypto Gainers Today (November 6)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

MultiversX (EGLD)

Price: $46.36
24-hour gain: 37.19 percent

Neo (NEO)

Price: $14.68
24-hour gain: 33.46 percent

Immutable (IMX)

Price: $0.9477
24-hour gain: 23.98 percent

PancakeSwap (CAKE)

Price: $2.17
24-hour gain: 14.32 percent

Arweave (AR)

Price: $6.78
24-hour gain: 12.24 percent

Top Crypto Losers Today (November 6)

As per CoinMarketCap data, here are the top crypto losers over the past 24 hours:

GateToken (GT)

Price: $3.86
24-hour loss: 1.22 percent

Bitget Token (BGB)

Price: $0.4791
24-hour loss: 0.94 percent

PAX Gold (PAXG)

Price: $1,969.01
24-hour loss: 0.06 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, ÔÇ£In the past 24 hours, Bitcoin has been trading at around the $35,000 level. This price movement could potentially be attributed to traders cashing in their Bitcoin holdings and shifting their investments towards altcoins, resulting in a rise in their prices. Another possible influencing factor is the US reporting the addition of 150,000 jobs in October, which falls short of the economist-predicted 180,000 and is a decline from the 297,000 jobs added in September. The unemployment rate has also increased to 3.9 percent, exceeding the expected 3.8 percent. In the same timeframe, Ethereum has maintained a steady trading level near $1,900, while Ripple has experienced a significant price surge of more than 9.6 percent.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, ÔÇ£The recent rally from last week crypto has boosted investor sentiment, as the crypto fear an agreed index has jumped four points from yesterday to be within the greed zone with a score of 74/100. While the price momentum may look short-term, market analysts are seeing signs of sustainable demand driving the crypto uptrend. The top 10 cryptos by M.Cap. consists of a mix of red and green. BTC (-0.5 percent) seems to be consolidating just around $35,000 after hovering between $34,000 and $35,000. And while BTC is down 0.5 percent, ETH is up 1.3 percent on the back of increased engagements by whales on the network. In the DeFi space, lending protocol Aave (+0.3 percent) has paused certain operations as a temporary protection measure after coming across some issues; user funds remain safe.ÔÇØ

Rajagopal Menon, Vice President, WazirX, said, ÔÇ£Bitcoin bulls have retained the market optimism with the token recovering on Sunday alongside Ethereum, after a brief setback following FTX verdict. Cardano and XRP are on an upward trajectory, defying bearish sentiments and indicating new highs for the coming days.ÔÇØ

Shivam Thakral, CEO of BuyUcoin, said, ÔÇ£The crypto market had an exciting weekend as BTC breached the $35,000 mark once again. In an interesting move, ETH outperformed BTC by a few basis points in the

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