Cryptocurrency Prices Today, Nov 26: Bitcoin Breaks $88k Support, Altcoins Struggles As Market Tanks Further

Due to consistent bearish sentiment, cryptocurrency prices today have stayed volatile. While some of the altcoins attempted mild intraday recovery, most leading cryptocurrencies like Bitcoin posted sharp weekly and monthly losses because of the massive selling pressure in the digital asset market.

"While factors like declining consumer confidence in the US and labour market weakness among private companies have created a risk-off sentiment, they also raise the likelihood of the Fed adopting a less restrictive monetary stance. For now, the focus remains on the macroeconomic data like the U.S. jobless claims, PCE, and GDP figures," said Edul Patel, CEO of Mudrex.

Why Is The Crypto Market Down?

In the last few days the market has seen corrections as the cryptocurrency market cap has fallen by almost $1.7 trillion. According to a CNBC report, around $19 billion has been wiped out during the sell-off.

"The market is in a phase where stabilisation is becoming as important as price. Bitcoin holding support in the $86,000 to $88,000 range is the real sign that selling pressure may be exhausting, especially as liquidity clusters suggest room toward $97,000 if momentum builds. Altcoins are responding faster than expected, which tells us that traders are optimistic even inside a broader downtrend. The rate cut narrative is giving markets a psychological lift, but the $90,000 zone remains the decisive battleground," said Avinash Shekhar, Co-Founder & CEO, Pi42.

Top 10 Cryptocurrency Prices On November 26

Bitcoin: Bitcoin price today is currently at $87,617.46, down 0.58% in the last 24 hours. BTC's weekly losses are now at 4.27%, while the monthly decline has widened to 23.24%.

According to CoinSwitch Research data, "The $86.5K zone continues to act as a strong support, with the market repeatedly bouncing from that level. U.S. PPI came in at 2.6% versus the 2.7% expectation, slightly softer, meaning inflation is cooling steadily. In the near term, BTC may continue consolidating between $86.5K and $88K. Sentiment would strengthen if the price pushes cleanly above $90K.

ETH: Ethereum price today is $2,945.45, up 0.55% in the last 24 hours. However, ETH still remains weak on a broader timeframe, falling 2.62% over the week and a sharp 28.56% in the past month.

XRP: XRP is trading at $2.20, down 2.56% in 24 hours. Despite today's dip, XRP still holds 4.08% weekly gains, although its monthly performance remains negative at 16.81%.

BNB: Binance Coin price today is at $861.47, down 0.16% today. The token has declined 3.99% this week and 24.36% in the past month.
Solana: Solana price today is $138.80, posting a mild 0.11% intraday gain. Over the week, SOL is up 1.28% but remains sharply lower on a monthly basis with a 30.23% drop.

TRON: TRON trades at $0.2748, up 0.84% in the past 24 hours. Despite today's gains, TRX is down 4.17% this week and 7.90% over the month.

Dogecoin: Dogecoin is priced at $0.1514, down 0.12% today, 2.09% this week, and 24.60% for the month. DOGE continues to see strong retail participation with over $1B in trading volume.

ADA: Cardano price today is $0.4226, slipping 0.33% intraday. ADA remains one of the weakest performers among the top 10 cryptos, with an 8.93% weekly drop and a massive 36.73% monthly decline.

"The rest of the popular altcoins also trade around their respective resistances, indicating a consolidated bullish week ahead. The top gainers include Monad with over a 40% jump, followed by Story with 17.81% and SPX6900 by over 13.97%. On the other hand, Bonk leads the losers, with a 4.61% drop, followed by Canton by over 3.85% and Bitcoin Cash, Cosmos, XRP, Monero, and Aptos by over 2% each." as per data from CoinDCX Research

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