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Bitcoin near $75,900 as analysts weigh support levels for XRP and others

Bitcoin and major altcoins stayed under pressure on November 8. Analysts disagree on whether prices will fall further or rally, while the total crypto market is worth about $2.64 trillion.

Illustration: A single large gold coin with a plain embossed ring stands on its edge on a wet dark street at night, glowing cyan and magenta light reflected in the puddles around it.
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Crypto prices stayed weak on November 8. Bitcoin traded near $75,982, up 0.4% in 24 hours. It is down 2.6% over the past week and about 8% over the past month.

Ether, the second-largest coin, traded near $2,239. The total crypto market value stood near $2.64 trillion, down 0.15% on the day.

Bitcoin$68,940down −17.05%over 1 month
$84,082$68,94314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

Also in this story

XRPdown −24.49%1 monthEtherdown −22.16%1 month

One analysis says Bitcoin's recovery toward $81,000 was sharply rejected. The price fell back to the lower edge of its daily demand zone, an area where buyers have stepped in before. It consolidated near $75,900 while futures activity showed signs of heating up.

XRP fell toward $1.16 after losing a key support level, a price where buyers have previously held the market up. Analysts say sellers remain in control and the next major demand area lies below.

XRP, Dogecoin and Cardano are all nearing important technical support levels. Traders are watching whether those levels hold or break. Another view says Bitcoin could rally this week, though a drop toward $70,000 remains a risk.

Elon Musk's Grok AI also gave a Bitcoin forecast for January 1, 2027. It is a speculative scenario tied to a full bull market and a major catalyst.

$1,000 in Bitcoin

Had you put $ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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Bitcoin, XRP, Ether

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

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