Cryptocurrency prices on November 16: BTC, ETH, SOL and XRP saw significant gains amid huge optimism. OM and GOAT were the top gainers.

Cryptocurrency prices today showed a striking upward momentum, sparking investors' curiosity in the digital asset space. Bitcoin (BTC) price rose above $91,000 again, while top altcoins mostly mimicked a bullish trajectory. The global cryptocurrency market capitalization rose 4% to $3.03 trillion today, marking a huge growth. However, total market volume fell 15% to $195.36 billion.

Notably, MANTRA (OM) and Goatseus Maximus (GOAT) emerged as the day's top gainers. Additionally, the meme coin sector has also shown significant growth in line with broader market sentiment.

Here’s a quick summary of some of the top cryptocurrencies by market cap and their price action for November 16th.

Cryptocurrency Prices Today: BTC, ETH, SOL, and XRP Rise

As mentioned above, while BTC is trading above $91,000, Ethereum (ETH), Solana (SOL), and XRP are up 1%-9%. This uptrend has generated a lot of interest in the market as the entire sector has shown great bullish sentiment in the fourth quarter of this year. Moreover, even the meme coin space has surged with the general trend, as can be seen from the intraday price action of Dogecoin and Shiba Inu. So, let’s take a deeper look at the major coins and their price action today.

Bitcoin price today

BTC price has risen by nearly 3% in the past 24 hours and is currently trading at $91,107. Its intraday low and high prices were $87,124.90 and $91,868.74 respectively. BTC's market capitalization surged 3% from yesterday and is currently stable at $1.81 trillion. In addition, the market dominance value of the flagship cryptocurrency rose by 0.04% to 59.77%.

The surge comes despite outflows from Bitcoin ETFs reaching $370.1 million as of Nov. 15, according to Sosovalue data (excluding BlackRock’s IBIT). Overall, the data has sparked a wave of speculation among investors about the asset’s future performance.

Meanwhile, today’s upward move comes after a recent sharp BTC price crash, reigniting market optimism for the asset.

Ethereum price today

ETH price has increased by about 2% in the past 24 hours and is currently trading at $3,136. Its intraday low and high were $3,016.14 and $3,135.18 respectively. Ethereum’s market cap reached $377 billion today. Meanwhile, the top altcoin has a market share of 12.47%.

Notably, ETH’s sharp rise came despite Ethereum ETFs seeing $59.87 million in outflows, according to Sosovalue data (excluding BlackRock data). This upward action has sparked significant market discussion about future trends amid a continued decline in institutional investor interest. Ethereum ETFs continue to see outflows, with the latest data showing outflows of more than $60 million on Friday.

Solana Price Today

Meanwhile, the cryptocurrency SOL has gained 5% in the past 24 hours and is currently trading at $220.12. The coin’s 24-hour low and high prices were $204.83 and $220.75, respectively. Solana’s market cap reached $103.92 billion today. The token surged along with the broader market sentiment.

Notably, Solana meme coin Moo Deng (MOODENG) further caught the attention of market participants, starting to rise with support from major exchanges.

XRP Price Today

XRP price has surged around 11% in the past 24 hours and is currently trading at $0.9121. The coin’s intraday low and high were $0.7762 and $0.9248 respectively. XRP, which currently has a market cap of $51.97 billion, has seen considerable gains among altcoins recently. Meanwhile, in light of the significant gains, Ripple CEO Brad Garlinghouse wisely verified the reasons behind the token’s rising price. The CEO attributes the price increase to increased optimism following the U.S. election, as pro-crypto policies transformed the industry.

Meme Crypto Price Today

DOGE price has increased by 2% in the past day and is currently trading at $0.3796. The meme coin has gained in price as optimism mounts following the withdrawal of the Dogecoin lawsuit against Elon Musk by investors.

Meanwhile, the price of Shiba Inu (SHIB) surged 7% to $0.00002546 in the past 24 hours. In addition, the prices of PEPE, WIF, and BONK also rose by 8%-26%.