Crypto On Nov. 24: Bitcoin, Ether Rise, Shiba Inu Continues To Slide

Bitcoin and other top cryptos rose slightly in the last 24 hours after a massive slide in the last few days. Most of them, however, were subject to an app-crasing sell-off in India where the government looked set to ban private cryptocurrencies.

Top crypto Bitcoin rose 0.41% in the last 24 hours to $56,608 as of 2:10 a.m. ET. This is, however, a 5.13% decrease from the past week. Bitcoin has slid tremendously since it touched a record high at over $69,000 on Nov. 9.

China's renewed warning against crypto mining in the country had kept prices under pressure. The situation could worsen if India decides to follow suit with the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which is scheduled to be introduced in Parliament in the winter session.

Ethereum rose 3.2% to trade at $4,270. Compared to the previous week, it rose 2.4%.

The global crypto market cap was up 1% at $2.57 trillion, data from CoinMarketCap showed.

Among other cryptos, Solana and Polkadot also rose slightly in the last 24 hours.

While meme crypto Dogecoin rose 0.79% in the last 24 hours, its competitor Shiba Inu fell 9.32%. Compared to last week, Shiba Inu has fallen 17.53%.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.