Bitcoin (BTC) picked up its pace slightly on November 23 but fell to $57,080.59 and so did Ethereum (ETH), currently valued at $4,181.05 at 10 am. Bitcoin has fallen by 0.68 per cent in the last 24 hours, while Ethereum lost 0.06 per cent in the last 24 hours, according to cryptocurrency exchange coinmarketcap.com. Bitcoin is the largest coins by market value, while Ethereum is the second-largest in size.
Binance Coin (BNB), the third-largest cryptocurrency by market capitalisation, was trading at $566.87 with a fall of 0.66 per cent in the last 24 hours. Tether (USDT) and Solana (SOL), the fourth- and fifth-largest cryptocurrencies by market value, have been in the green for the last two days, with a growth of 0.08 per cent and 0.45 per cent, respectively, in the last 24 hours. Tether was trading at $1 and Solana at $220.83 at 10 am, according to data from coinmarketcap.com.
Monster Grand Prix Token (MGPX) became the biggest gainer in the last 24 hours clocking an increase of 42328957.69 per cent in the last 24 hours; it was trading at $127,220.51 at 10 am. Shih Tzu (SHIH) witnessed the steepest loss in the last 24 hours of 99.98 per cent and was trading at $0.00000001612.
Top Meme Coins
Meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Dogelon Mars (ELON) have witnessed growth in the last 24 hours.
Dogecoin was trading at $0.2232, with a rise of 0.08 per cent in the last 24 hours, while Shiba Inu was trading at $0.00004405, with a rise of 0.40 per cent. Dogelon Mars rose 1.22 per cent in the last 24 hours and was trading at $0.000001606, while Samoyedcoin was trading at $0.09796 and recorded a fall of 11.44 per cent in the last 24 hours, according to coinmarketcap.com.
The International Monetary Fund (IMF) has recommended to El Salvador to not use bitcoin as legal tender, recognising risks related to the cryptocurrency, according to Reuters.
“Given bitcoin’s high price volatility, its use as a legal tender entails significant risk to consumer protection, financial integrity, and financial stability. Its use also gives rise to fiscal contingent liabilities,” says IMF, in its staff concluding statement of the 2021 Article IV mission to El Salvador, according to Reuters.