Bitcoin Dips Below $58K, XRP Bucks the Market Trend With a 4.5% Increase, While Major Altcoin Face Struggles
The cryptocurrency market experienced significant volatility today, with Bitcoin (BTC) facing turbulence at the $58K level. Ethereum (ETH), Solana (SOL), and XRP also displayed erratic movements. Despite this, Quant (QNT) and Beam emerged as top gainers.
The global crypto market cap saw a marginal 0.15% increase, reaching $2.04 trillion, while the total market volume decreased by 15% to $61.35 billion.
Overview of the top cryptocurrencies by market cap and their price action
Bitcoin (BTC)
– Traded at $57,893, a 0.76% decline in 24 hours.
– Experienced intraday lows and highs of $57,354.41 and $58,534.36, respectively.
– Dominance slipped to 56.18%, despite $39.02 million inflows in Bitcoin ETFs.
Ethereum (ETH):
– Traded at $2,359, a decline of 0.39% in 24 hours.
– Experienced intraday lows and highs of $2,316.16 and $2,379.03, respectively.
– Saw $20.14 million outflows from spot Ethereum ETFs.
Solana (SOL):
– Witnessed a nearly 1% drop, reaching $134.
– Experienced intraday lows and highs of $133.53 and $136.61, respectively.
XRP:
– Defied the market trend, gaining 4.5% in 24 hours to reach $0.5616.
– Experienced intraday lows and highs of $0.5355 and $0.5809, respectively.
Other notable mentions:
– Dogecoin (DOGE) price slipped by 0.6% to trade at $0.102, while Shiba Inu (SHIB) traded at $0.00001342.
– Meme coins such as Pepe Coin, Dogwifhat, and FLOKI saw declines.
Top gainers:
– Quant (QNT) surged nearly 9% to trade at $77.27.
– Beam noted a 7% uptick in value, currently trading at $0.0144.
– Worldcoin (WLD) soared 8%, trading at $1.53.
Top losers:
– Aave (AAVE) price dipped 6% to $143.
– Helium (HNT) slipped 4% to $7.71.
– THORChain (RUNE) saw a 3% drop, reaching $3.88.
Today’s market showcased a mix of gains and losses, emphasizing the importance of staying informed and cautious amidst ongoing fluctuations.
Read Also: Ripple is Back in Action With the Minting of 90 New RLUSD Stablecoin
Follow us on Twitter, Facebook, Telegram, and Google News
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
