Cryptocurrency Market Update: Bitcoin and Ethereum Prices Dip, Altcoins Plunge
The cryptocurrency market took a bearish turn today as the top crypto prices registered significant losses. Bitcoin (BTC) traded below the $62,000 level, while Ethereum (ETH) approached a dip below $3,000. Other top altcoins, including Cardano (ADA), Solana (SOL), and XRP, also saw notable plunges.
At the time of writing, the Bitcoin price was down by 3.81% at $61,661.78, with a trading volume of $42.25 billion and a market capitalization of $1.21 trillion. Ethereum lost 3.04% to $3,015.91, with a market valuation of $362.03 billion. Binance Coin (BNB) defied the trend and was up by 0.72% at $549.18.
Solana dropped below $140, with a 5.14% decrease to $133.97, and XRP failed to sustain $0.50, recording a dip of 0.82% at $0.4962. Cardano was down by 3.10% at $0.4495. Dogecoin plummeted by 6.12% to $0.1486, while Shiba Inu dropped by 2.92% to $0.0000222.
The Pepe Coin (PEPE) crypto, a hyped Solana meme coin, crashed massively by 9.13% to $0.000004925. Bitget Token (BGB) gained over 6% and ranked as the top crypto gainer today, reaching $1.27.
As the crypto market experiences volatility, investors are closely monitoring the price movements and looking for potential opportunities amidst the fluctuations. Stay tuned for more updates on the cryptocurrency market.
