Cryptocurrency Market Update: Bitcoin and Ethereum Prices Drop, Altcoins Crash
The top crypto prices today experienced a significant pullback, with Bitcoin (BTC) trading below the $63,000 level and Ethereum (ETH) inching closer to dropping below $3,000. Other top altcoins, including Cardano (ADA), Solana (SOL), and XRP, also crashed massively, causing concern among investors.
At the time of writing, the Bitcoin price was down by 3.95% to $62,375.46, with a trading volume of $45 billion in the last 24 hours and a market capitalization of $1.22 trillion. Ethereum saw a 3.44% slump to $3,033.71, with a market valuation of $364.29 billion and a trading volume of $22.78 billion. Binance Coin (BNB) also experienced a 4.69% drop to $538.63, with a 24-hour trade volume of $1.51 billion.
Solana price crashed by 10.82% to $132.46, while XRP extended lower than $0.49, recording a 3% dip to $0.4848. Cardano price was down by 2.24% to $0.4543, with a 15.83% decline in its 24-hour trading volume. However, meme coins like Dogecoin and Shiba Inu saw some recovery, with Dogecoin surging 2.37% to $0.161 and Shiba Inu gaining 1.42% to trade at $0.00002265.
Pepe Coin (PEPE), a trending Solana meme coin, continued to decline despite the rebound trend, with a 1.18% drop to $0.000005315 and a market valuation of $2.23 billion. Core (CORE), an EVM-compatible L1 project, rallied over 62% to $2.35, with a trade volume of $699.24 million and reaching a high of $2.83 amid the rally.
The cryptocurrency market remains volatile, with prices fluctuating rapidly. Investors are advised to exercise caution and stay updated on the latest developments in the crypto space.
