The recent ups and downs in the world of cryptocurrency have sparked worry among traders and investors alike. Over the past day, Bitcoin (BTC) and Ethereum (ETH) have dipped to $69,000 and $3,600, respectively. Other altcoins such as Solana (SOL), XRP, and meme-inspired coins have also followed suit in this downward trajectory. Despite this, there have been some positive movements with altcoins like Filecoin (FIL) and Injective (INJ) making gains, presenting potential profit opportunities. Conversely, dogwifhat (WIF) and Core (CORE) have suffered significant losses.
In terms of the current state of the cryptocurrency market, the total value has decreased by 2.60% to $2.55 trillion. However, trading volume has seen a notable increase of 42.17%, reaching $106.43 billion. This indicates heightened trading activity amidst the overall market decline. For the latest financial and business news, visit COINTURK FINANCE.
Bitcoin witnessed a 2% drop in the past day, now sitting at $69,487. This decline followed a notable spike above $71,000. BTC’s low and high values over the past 24 hours were $68,507 and $71,918, respectively. Despite this, the market dominance of the leading cryptocurrency has risen by 0.38% to 53.62%, with a market value of $1.37 trillion.
Ethereum, the top altcoin, saw a 3.09% decrease in the last 24 hours, settling at $3,688. The price range for ETH ranged from $3,604 to $3,838 during this period. The decline mirrors the broader market trend observed recently.
Solana, a popular altcoin, experienced a significant setback with a 4.49% drop to $162.72 in the past day. The low and high points for SOL were $154.88 and $172.44, respectively, reflecting the market’s overall downtrend.
XRP, supported by Ripple Labs, fell by 4.33% in the last 24 hours to $0.5002, slipping below the crucial support level of $0.52. The low and high values for XRP were $0.4631 and $0.5275, respectively, despite discussions surrounding its potential use in the BRICS payment system.
The meme coin market also suffered losses, with Dogecoin (DOGE) plunging by 7.88% to $0.1483, and Shiba Inu (SHIB) dropping by 4.39% to $0.00002388.
On the flip side, the top gainers of the day include Injective (INJ), rising by 7.98% to $30.24, and Filecoin (FIL), climbing by 6.53% to $6.32. Sei (SEI) increased by 5.04% to $0.5339, and Wormhole (W) saw a rise of 2.62% to $0.7189. These gains have injected optimism into the market amid the general downturn.
In contrast, WIF suffered a significant drop of 12.48% to $2.83, while CORE fell by 12.18% to $1.77. Other notable losers include dYdX (DYDX), down by 11.41% to $1.93, and Gala (GALA), falling by 10.95% to $0.04004.
For the latest news, follow us on Telegram, Facebook, Twitter & Coinmarketcap. It’s important to note that the information in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
