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


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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.
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