- Today’s crypto market witnessed a significant downturn, with Bitcoin (BTC) dropping to $64K.
- Ethereum and other altcoins like Solana and XRP experienced similar downward trends.
- Despite the market dip, Core (CORE) and ORDI showed surprising gains.
Stay updated with the latest developments in the crypto market, as Bitcoin falls and select altcoins defy the broader trend.
Market Overview: BTC and Altcoins
The cryptocurrency market today is experiencing bearish sentiments. Bitcoin (BTC) fell to $64,000, with Ethereum (ETH), Solana (SOL), and other significant altcoins also showing downward trends. Interestingly, meme coins like Dogecoin (DOGE) outperformed, while the majority of the market saw declines.
Global Market Metrics
The global crypto market cap dropped by 0.79% in the last 24 hours, now standing at $2.36 trillion. Conversely, trading volume increased by 15.23% to reach $69.76 billion, signifying high trading activity amidst the price drops.
Top Cryptocurrencies: Daily Performance
Bitcoin (BTC) Analysis
Bitcoin’s price slid by 0.78% to rest at $64,677.93. Over the last 24 hours, BTC’s price ranged between $64,542.39 and $66,451.77. The market cap of Bitcoin is currently at $1.27 trillion, with a dominance of 54.18%, a slight increase of 0.15% from the previous day.
Ethereum (ETH) Overview
Ethereum witnessed a 1.40% decrease, bringing its price down to $3,500.02. The 24-hour price range of ETH was between $3,485.46 and $3,623.89. Its market cap stands at $427.62 billion.
Solana (SOL) Insights
Solana experienced a minor fall of 0.14%, with its current price at $132.56. The token’s daily low was $131.90, and the high was $141.10. Despite the broader market conditions, the impact of Solana’s recent ETF filing in Canada is yet to be fully realized.
XRP Market Performance
XRP saw a 0.93% decline, trading at $0.4887. The token hovered between $0.4868 and $0.5013 throughout the day. XRP’s price movements reflect the overall bearish trend in the market.
DOGE and SHIB Price Fluctuations
Dogecoin (DOGE) defied the bearish market with a 1.40% rise, settling at $0.1243. In contrast, Shiba Inu (SHIB) dropped by 1.07% to $0.00001805. Other meme coins like PEPE and WIF also followed the downward trend, dropping between 2-5%.
Top Crypto Movers of the Day
Gainers:
Core (CORE) surged by 11.07% to hit $1.44.
ORDI climbed 5.15% to reach $40.47.
Lido (DAO) increased by 4.30% to $2.33.
Fantom (FTM) rose by 4.22% to $0.5684.
Losers:
LayerZero (ZRO) fell sharply by 13.97% to $3.51.
JasmyCoin (JASMY) tumbled by 8.61% to $0.02789.
zkSync (ZK) dropped 7.64% to $0.1982.
dogwifhat (WIF) decreased by 6.70% to $1.92.
Conclusion
The current crypto market is marked by significant volatility, with many leading coins experiencing declines. However, a few like CORE and ORDI bucked the trend, delivering notable gains. Investors should stay informed and cautious, considering the mixed performance across different sectors of the crypto market.
