Cryptocurrency Market November 3, 2021: Ethereum Outperforms Bitcoin, SOL Overturns ADA

Cryptocurrency market November 3, 2021 according to cryptonew: Bitcoin price broke the $ 62,500 and $ 62,650 resistance levels. BTC has cleared the $ 63,000 zone and at 04:27 UTC BTC is trading around that level. A closing price above $ 64,000 can push the price down to $ 65,500.

Also, most of the big altcoins speed up. ETH broke the USD 4,500 resistance and traded to a new all-time high of USD 4,634 (per coin checko) before correcting lower. XRP is rising and approaching the $ 1.20 level. ADA stays below the USD 2.00 resistance.

Cryptocurrency Market November 3, 2021: Bitcoin Price

After closing above $ 62,500, Bitcoin price rose again. BTC rose above $ 63,500 and $ 64,000. However, it was unable to hold over $ 64,000. As a result, there was another drop below $ 63,500. On the flip side, initial support is near the $ 63,000 mark. The main support is currently near the $ 62,500 mark, below which a retreat to $ 61,200 is possible.

Immediate resistance to the upside is near the $ 63,500 mark. The main hurdle is at $ 64,000, above which the price could begin a steady rise.

Cryptocurrency Market November 3, 2021: Ethereum Price

Ethereum price is up more than 5% and has broken the USD 4,500 resistance. ETH has hit a new all-time high near $ 4,650 and is currently consolidating profits. On the flip side, initial support is near the $ 4,550 mark. The next major support is near $ 4,500, below which the price can test $ 4,400.

In the event of a renewed uptrend, a rally to $ 4,650 is possible. The next major resistance is near the $ 4,750 level.

Cryptocurrency Market November 3, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) is struggling to break the $ 2.00 resistance. A closing price above $ 2.00 could drive the price higher. The next major resistance is at $ 2.12. If it drops again, the price could test the $ 1.92 support.

Binance Coin (BNB) accelerated to over $ 550. The immediate hurdle is near the $ 565 mark. A closing price above $ 565 could drive the price toward the $ 580 and $ 600 levels.

Solana (SOL) is up 11% to break the USD 220 resistance. The first hurdle is near the $ 235 mark. Key resistance is currently forming near the $ 250 mark. Conversely, the price could correct downwards towards USD 220.

SHIB was unable to hold above the $ 0.0000700 level. It fell more than 6% and even tested the $ 0.000065 support. The next big support is near the $ 0.000062 level, below which a test of $ 0.000060 is possible.

The XRP price was able to move above the $ 1.12 resistance and climb to $ 1.18, which could bring even more gains. Otherwise, the price may drop to $ 1.05.

Cryptocurrency Market November 3, 2021: Another Altcoin Market

Many altcoins are up more than 8%, including AR, LRC, MKR, CRO, AMP, RVN, SCRT, XEM, MATIC, NEXO, HT, KLAY and KSM. Of these, AR gained more than 44% and broke the $ 80 mark. In contrast, QTUM and MANA fell more than 9%.

In total, Bitcoin price is trading above $ 62,500. If BTC clears $ 64,000, there could be another steady rally.

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