Cryptocurrency markets returned to a major bear trend today, adding to investors’ concerns. Bitcoin (BTC) fell to around $55,000, while popular altcoins such as Ethereum (ETH), Solana (SOL) and XRP lost 5%-8%.
Leading Cryptocurrency Bitcoin Price and Market Situation
Bitcoin has fallen 4.99% in the last 24 hours to $ 55,122.17. Its lows and highs for the day were recorded at $54,321.02 and $57,971.83, respectively. Bitcoin’s market dominance increased by 0.07% to 53.85%, highlighting the weak performance of altcoins. Bitcoin’s market capitalization was pegged at $1.09 trillion. Notably, Japan’s Metaplanet bought additional BTC during the decline, giving a promising signal of future price movements.
Ethereum and Solana’s Performance
Ethereum fell 5.62% to $2,880.37. Its lows and highs during the day were recorded at $2,826.48 and $3,051.20, respectively. There is still hope that spot ETH ETFs, which are expected to be launched soon, will create more price movement in the market.
Solana, on the other hand, lost 7.97% to $130.79. Its lows and highs for the day were $128.56 and $142.12, respectively. This shows that Solana has high volatility and creates a noticeable risk factor for investors.
XRP and Other Altcoins
XRP has fallen by 6.50% in the last 24 hours to $0.415. The lowest and highest values during the day were recorded as $ 0.4047 and $ 0.4448, respectively. Dogecoin (DOGE) fell 8.75% to $0.1021, while Shiba Inu (SHIB) fell 8.70% to $0.00001547. Other altcoins such as PEPE, FLOKI and BONK also lost between 9% and 14%.
Biggest Losers of the Day
While there were no cryptocurrency winners on the market today, the biggest losers are as follows:
- Brett (BRETT) price fell 15.36% to $0.1073.
- Pepe coin (PEPE) fell 14% to $0.000008213.
- Dogwifhat (WIF) fell 13.48% to $1.60.
- Jupiter (JUP) fell 12.03% to $0.6793.
As a result, cryptocurrency markets have suffered significant losses today, while investors have increased their vigilance for future price movements. While slight gains were observed on the BTC and ETH hourly charts, the overall market trend remains worrying for investors. As we at Kriptokoin.com have reported, investors who want to trade in volatile markets need to be careful and do their own research.
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