Crypto On Nov. 7: Bitcoin Loses $21,000, Ether Back Below $1,600

The crypto market on Monday turned bearish with leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) losing the $21,000 and $1,600 price levels respectively, which turned out to be major resistances for their price action.

BTC was down 1.65%, while ETH was down 2.02% in the last 24 hours.

As per earlier reports, BTC and ETH ended last week holding above $20,000 and $1,500 price levels, which are nearest support levels.

The trading volume of BTC went up 15.81%, while that of ETH surged 24.03%.

BTC and ETH tokens were priced at $20,875 and $1,586, as of 12.24 a.m. ET, according to data from CoinMarketCap.

The crypto fear and greed index showed that the market was in "fear" as the value read 33.

BTC has jumped 1.45% in the last seven days, while ETH's price dropped 0.39% in the same period.

Additionally, as per the prediction from Bitnation, the BTC token is expected to reach a maximum price of $37,606.14 by the year-end, while the ETH token will likely trade around $2,863.84.

Other top 10 crypto coins showed bearish movement, with Binance Coin (BNB) up 3.41% to $337.88; Solana (SOL) up 10.18% to $32.34; Cardano (ADA) up 3.86% to $0.4074; Dogecoin (DOGE) down 5.92% to $0.1175; and Ripple (XRP) up 3.32% to $0.4737.

The top gainers included Litecoin (LTC), which rose 4% to $71.75; Chiliz (CHZ), which was up 1.02% to $0.275; OKB (OKB), which was up 0.85% to $21.08; and Nexo (NEXO), which was up 1.91% to $1.01.

The top losers in the crypto market were ImmutableX (IMX), which was down 9.35% to $0.6018; Arweave (AR), which slipped 6.44% to $14.11; The Graph (GRT), which was down 6.69% to $0.09138; and Theta Network (THETA), which dropped 6.52% to $1.22.

Other popular tokens that were bearish included Polkadot (DOT), which was down 1.68% to $6.88 and Avalanche (AVAX) which went down 4.83% to $18.52. On the other hand, Polygon (MATIC) went up 4.18% to $1.20.