- The crypto market experiences further losses with Bitcoin trading at $61,000 and Ethereum failing to sustain above $3,000. However, Cardano emerges as a gainer despite the unfavorable trend.
- Bitcoin’s price hovers around the $61,000 level, Ethereum fails to hold the crucial level of $3,000, and Cardano defies the market trend and surges over 4%.
- Other top altcoins such as Solana also witness a plunge while XRP and Cardano defy the trend.
Today’s crypto market sees Bitcoin and Ethereum experiencing losses while Cardano gains, defying the overall market trend.
Bitcoin and Ethereum Suffer Losses
Bitcoin’s price dropped lower than the $62,000 level, down by 1.75% reaching $61,495.88 at the time of writing. Its trading volume dipped 1.38% to $25.10 billion in the last 24 hours. Ethereum extended below the $3,000 mark, dropping 0.50% to $2,993.52 at press time with a market valuation of $359.52 billion.
Cardano Defies Market Trend
Despite the bearish downturn, Cardano soared 4.31% to $0.4602 today, recording a spike of 74.04% in its 24-hour trading volume, settling at $519.72 million. This shows a defiance of the overall market trend.
Other Altcoins Follow Suit
Solana continues trading below the $150 level, losing 1.91% and settling at $143.80. XRP recorded a slight rebound and sustained the $0.52 mark, gaining 0.24% and reaching $0.5208. Dogecoin tumbled 2.02% to $0.1471 while its rival, Shiba Inu slipped 0.32% and traded at $0.00002287.
Conclusion
While Bitcoin and Ethereum experience losses, Cardano emerges as a gainer, defying the overall market trend. Other altcoins like Solana and XRP follow the market trend with losses and slight gains respectively. As the crypto market continues to fluctuate, investors are advised to keep a close eye on market trends and make informed decisions.
