Shiba

Kaspa

Pepe

Mantle

Crypto prices appeared to be on a negative trend today as positions were closed resulting in profit-taking. The ETF applications, which generally have a positive impact on the market, seem to have backfired this time. On November 16, BlackRock applied for an Ethereum ETF with the SEC. Investors seem to have anticipated a potential sell-off in the crypto asset space, as evidenced by the price performance of cryptocurrencies. 
<h2 style="text-align: justify" id="current-state-of-cryptocurrencies">Current State of Cryptocurrencies</h2> 
<a href="https://en.coin-turk.com/cryptocurrency-analyst-pentoshi-forewarns-of-market-downturn-and-bnbs-future/" data-wpel-link="internal">Bitcoin</a> was trading around $36,442, up about 1% at the time of writing on November 17. However, the trading volume in the past 24 hours decreased by 9.21% to $25.59 billion. 
<img decoding="async" class="aligncenter size-full wp-image-277414" src="https://coin-turk.com/wp-content/uploads/2023/11/bitcoin-yukselir-mi-1.png" alt="" width="1595" height="871"> 
The leader of altcoins, Ethereum, experienced a 3.36% drop and was trading at $1,984.11. <a href="https://en.coin-turk.com/crypto-capo-bnb-faces-continuing-downward-movement-risks-ahead/" data-wpel-link="internal">BNB</a>, which is also at the top of the market cap rankings, fell by 3.18% to $244.22. However, its trading volume increased by 1.91% to $937.04 million. 
The favored cryptocurrency of investors, XRP, also dropped by 4.80% to $0.6206. Solana, which has been performing well in recent days, experienced a reversal with a 10.48% drop to $58.62. Its trading volume remained steady at $4 billion. 
When it comes to meme coins, Dogecoin moved against the market trend. It saw a 6.48% increase in price to $0.08161, with a significant increase of 224.27% in trading volume to $1.73 billion. Its biggest competitor, Shiba Inu, dropped by 1.61% to $0.000008615. 
Pepe Coin, the closest follower of Doge and SHIB, experienced a 6.79% drop to $0.000001174, following the overall market decline. 
<h2 style="text-align: justify" id="top-altcoins">Top Altcoins</h2> 
Yearn.<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> (YFI) seems to defy the current downward trend in the market. It ranked high on the list of top gainers on November 17. YFI saw a net increase of 11% in the past 24 hours, trading at $14,243. Following the price increase, the trading volume also saw a 48.96% increase to $379.43 million. 
Kaspa (KAS) continues its recent upward trend. Unlike Bitcoin, the altcoin experienced a significant increase of 11.07%, trading at $0.1308. In the past 30 days, the price of Kaspa has increased by approximately 190%. 
Mantle (MNT) stood out as one of the most noteworthy performers. At the time of writing, Mantle saw a 10.78% increase, trading at $0.5107. Continue Reading: <a href="https://en.coin-turk.com/crypto-prices-drop-as-investors-cash-out-profits/" data-wpel-link="internal">https://en.coin-turk.com/crypto-prices-drop-as-investors-cash-out-profits/</a>

Crypto Prices Drop as Investors Cash Out Profits

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