The crypto market is continuing its bearish trend today. Bitcoin (BTC) fell to $65,000, and Ethereum (ETH) saw a 5% decline. Most altcoins followed this downtrend, with some exceptions like XRP.
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Bitcoin
Bitcoin’s price dropped 1.39% in the last 24 hours, landing at $65,374.98. Its daily range
was between $64,597.25 and $67,252.08. BTC’s market cap now stands at $1.29 trillion,
with a dominance of 54.87%, up by 0.93%.
Ethereum
Ethereum also faced a significant drop, falling 4.39% to $3,428.45. Its daily low was
$3,371.59, and the high reached $3,591.67. ETH’s market cap is currently $419.50 billion.
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Solana
Solana (SOL) experienced a 9.25% correction, trading at $134.26. Its lowest price today
was $130.16, and the highest was $148.95.
XRP
In contrast, XRP managed to gain 0.33%, reaching $0.4893. It fluctuated between $0.4808 and $0.5194.Â
Meme coins followed the overall market decline. Dogecoin (DOGE) dropped 9.74% to $0.122, and Shiba Inu (SHIB) fell 12.12% to $0.00001802. Pepe coin (PEPE) also saw an 11.84% decline, trading at $0.00001055.
The global crypto market cap decreased by 3.14%, now at $2.35 trillion. However, the total market volume surged by 104.01% to $94.07 billion, reflecting significant outflows triggered by the U.S. Fed’s recent hawkish stance.
Today’s top gainers and losers include:
• Top Gainer: XRP, with a modest increase.
• Top Losers: zkSync (ZK) down 30.23% to $0.2002, Fantom (FTM) down 20.69% to
$0.5013, Ethena (ENA) down 18.89% to $0.6021, and Starknet (STRK) down 17.82%
to $0.7444.
Despite the majority of crypto being in downfall, Bitcoin (BTC) and Ethereum (ETH) showed gains in their hourly charts. This indicates a possible struggle for upward momentum. Altcoins like Solana (SOL), Ripple (XRP), and Dogecoin (DOGE) are also reflecting this mixed sentiment.
