Cryptocurrency Market Update: Bitcoin and Ethereum Prices Plummet, Altcoins Follow Suit
The cryptocurrency market experienced a major downturn today as the top crypto prices took a bearish turn. Bitcoin (BTC) plummeted to the $65,000 level, while Ethereum (ETH) dipped below $3,300. Other top altcoins, including Cardano (ADA), Solana (SOL), and XRP, also saw significant declines.
At the time of writing, Bitcoin was down by 4.98% at $67,582.00, with a trading volume of $47.40 billion and a market capitalization of $1.33 trillion. Ethereum dropped 8.35% to $3,254.32, with a trading volume of $24.87 billion and a market valuation of $390.86 billion. Binance Coin (BNB) plunged 4.04% to $590.80, with a trading volume of $2.91 billion.
Solana fell below $160, with a price of $153.95 and a trading volume of $5.50 billion. XRP also dropped below $0.55, with a price of $0.5483 and a trading volume of $3.16 billion. Cardano was down by 13.36% at $0.5111, with a trading volume of $1.26 billion.
Meme coins like Dogecoin and Shiba Inu also saw declines, with Dogecoin crashing 12.47% to $0.1747 and Shiba Inu plummeting 11.13% to $0.00002465.
Even Pepe Coin (PEPE), a trending Solana meme coin, registered a massive plunge of 20.36% to $0.00000594, with a market valuation of $2.49 billion and a trading volume of $1.29 billion.
Overall, the cryptocurrency market was in the red due to the ongoing bearish trend, with none of the top cryptocurrencies showing gains. Investors and traders are closely monitoring the market for any signs of recovery.
