The recent fluctuations in the volatile world of cryptocurrency have sparked concern among traders and investors alike. Over the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) have taken a hit, dropping to $69,000 and $3,600, respectively. Other popular altcoins such as Solana (SOL), XRP, and various memecoins have also followed suit in this downward spiral. However, amidst the chaos, some altcoins like Filecoin (FIL) and Injective (INJ) have stood out by registering gains, presenting potential profit opportunities. On the flip side, dogwifhat (WIF) and Core (CORE) have found themselves among the biggest losers in this tumultuous market.
The current state of the cryptocurrency market has seen a 2.60% decrease in total value, now resting at $2.55 trillion. Despite this decline, trading volume has surged by an impressive 42.17%, hitting $106.43 billion. This surge in trading activity suggests that market participants are actively engaged despite the overall downturn. Stay informed on the latest financial and business news by visiting COINTURK FINANCE.
Bitcoin’s price experienced a 2% drop in the last 24 hours, settling at $69,487. This decline comes on the heels of a notable surge above $71,000. BTC’s price range over the past 24 hours fluctuated between $68,507 and $71,918. Despite this dip, the market dominance of the leading cryptocurrency has increased by 0.38% to 53.62%, with its market value now standing at $1.37 trillion.
The price of Ethereum, often hailed as the king of altcoins, has also taken a hit, dropping by 3.09% in the last 24 hours to $3,688. ETH’s price range in the past day varied between $3,604 and $3,838, in line with the broader market trend. Solana, a popular altcoin, experienced a significant pullback, dropping by 4.49% to $162.72. XRP, backed by Ripple Labs, also saw a decline of 4.33% to $0.5002, falling below the crucial support level of $0.52. Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) also faced significant losses in the past 24 hours.
On the bright side, some altcoins have emerged as top gainers of the day, including Injective (INJ) with a 7.98% increase to $30.24, and Filecoin (FIL) with a 6.53% surge to $6.32. Sei (SEI) rose by 5.04% to $0.5339, while Wormhole (W) increased by 2.62% to $0.7189, bringing some optimism in the face of the market downturn. Conversely, WIF plummeted by 12.48% to $2.83, and CORE fell by 12.18% to $1.77. Other notable losers of the day include dYdX (DYDX) and Gala (GALA).
Investors should exercise caution and conduct their own research as the cryptocurrency market is highly volatile and carries inherent risks. Stay updated by following our news on Telegram, Facebook, Twitter, and Coinmarketcap.