Cryptocurrency Prices Today, Nov 11: Market Turns Green as Bitcoin Tops $106K; ETH, XRP, SOL Lead Altcoins

The cryptocurrency market has rebounded from its recent lows, with Bitcoin price continuing to linger above the $106,000 mark. Ethereum also held firm above $3,600, while XRP maintained levels above $2.50. Litecoin (LTC) remained strong, hovering above $100, whereas Solana (SOL) struggled to reclaim the $170 level, and Dogecoin consolidated below $0.185.

The overall crypto market capitalisation has now climbed above $3.6 trillion, showing a mild recovery in investor sentiment, though the broader market still remains in the 'fear' zone, according to on-chain data.

"The markets have turned green due to renewed investor interest as the U.S. Senate passed a bill to reopen the government. However, crypto ETPs recorded an outflow of $1.17 billion last week," said the CoinDCX Research Team.

Bitcoin Price Today

At the time of writing, Bitcoin (BTC) was trading at $105,910.85, down 0.26% in the last 24 hours. Over the past week, Bitcoin has gained 4.26%, though it remains down 7.97% over the last 30 days.

Ethereum and Major Altcoin Prices Today

Ethereum price today slipped 1.09% to $3,579.44. Despite the daily dip, ETH remains up 8.76% over the week.
Among other top altcoins, XRP price today saw a rebound of 1.99%, trading at $2.52. The token's weekly gain of 13.64% makes it one of the best-performing cryptocurrencies this week.

Binance Coin, or BNB, dropped 1.61% to $995.12, while Solana (SOL) traded marginally higher at $168.40, up 0.14% in the last 24 hours. Both tokens have seen strong weekly recoveries - up 6.24% and 8.36%, respectively, despite being down more than 14% month-on-month.

Meanwhile, the TRON price gained 1.34% to $0.2975, while Dogecoin slipped 0.41% to $0.1808, though the meme coin remains up 11.14% for the week.

Cardano (ADA) traded slightly higher at $0.5916, up 0.20% on the day and 13.34% for the week.

Market Sentiment and Outlook

The overall crypto market sentiment remains cautiously optimistic. While Bitcoin is currently holding above the $106,000 threshold, traders expect range-bound movement ahead of U.S. inflation data and any potential announcements from the Federal Reserve regarding interest rate adjustments.

"Bitcoin is holding steady above $106,000, while Ethereum has reclaimed the $3,600 level as the US shutdown nears its end. These levels have formed an attractive accumulation zone, with whales purchasing over 108,000 BTC in the past week. Open interest in crypto futures rose 5% in 24 hours to $148 billion, showing traders are regaining trust and re-entering the market with leverage. With improving political stability and expectations of softer CPI data under 3.1%, markets are preparing for an upward move in the coming weeks." said Edul Patel, CEO, Mudrex.

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