The recent market fluctuations in the world of cryptocurrency have sparked worry among traders and investors alike. Over the past day, Bitcoin (BTC) and Ethereum (ETH) have seen a decline to $69,000 and $3,600, respectively. Other altcoins such as Solana (SOL), XRP, and memecoins have also followed suit by moving downward. However, amidst this downward trend, some altcoins like Filecoin (FIL) and Injective (INJ) have shown promising gains, presenting potential profit-making opportunities. On the flip side, dogwifhat (WIF) and Core (CORE) are among the biggest losers in this recent market movement.
The current state of the cryptocurrency market reveals a decrease of 2.60% in total value, amounting to $2.55 trillion. Despite this decline, there has been a notable increase of 42.17% in total trading volume, reaching $106.43 billion. This surge in trading activity indicates a heightened interest in trading despite the overall market downturn. For the latest financial and business news, visit COINTURK FINANCE.
Bitcoin has experienced a 2% drop in the last 24 hours, with its current price standing at $69,487. This decline follows a recent rise above $71,000. BTC’s lowest and highest points over the past 24 hours were $68,507 and $71,918, respectively. Despite these movements, the market dominance of the largest cryptocurrency has increased by 0.38% to 53.62%, with its market value reaching $1.37 trillion.
The price of Ethereum, known as the king of altcoins, has fallen by 3.09% in the last 24 hours to $3,688, in alignment with the market trend. The price range for ETH over the past day has been between $3,604 and $3,838. This decline mirrors the broader market downturn seen today.
Popular altcoin Solana has experienced a significant pullback, dropping by 4.49% in the last 24 hours to $162.72. The lowest and highest points for Solana in the past 24 hours were $154.88 and $172.44, respectively. The price of SOL has been impacted by the same downward trend affecting the overall market.
XRP, backed by Ripple Labs, has fallen by 4.33% in the last 24 hours to $0.5002, falling below the crucial support level of $0.52. The lowest and highest values for XRP over the past day were $0.4631 and $0.5275, respectively. Despite talks about using XRP for the BRICS payment system, it has followed the general market decline.
The memecoin market has also seen a notable decline, with Dogecoin (DOGE) dropping by 7.88% in the last 24 hours to $0.1483, and Shiba Inu (SHIB) falling by 4.39% to $0.00002388.
On the brighter side, the top gaining altcoins of the day include Injective (INJ), which rose by 7.98% to $30.24, and Filecoin (FIL), which increased by 6.53% to $6.32. Sei (SEI) saw a rise of 5.04% to $0.5339, while Wormhole (W) increased by 2.62% to $0.7189. These gains have brought a sense of optimism amidst the general market decline.
Conversely, WIF saw a significant drop of 12.48% to $2.83, and CORE fell by 12.18% to $1.77. Other notable losers of the day include dYdX (DYDX), which dropped by 11.41% to $1.93, and Gala (GALA), which fell by 10.95% to $0.04004.
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Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
