- Bitcoin (BTC) and Ethereum (ETH) experience significant drops in 24 hours.
- Solana (SOL) and Dogecoin (DOGE) face sharp declines amidst market downturn.
- Smaller altcoins like PumpBTC (PUMP) show impressive growth despite crashes.
The cryptocurrency market has been hit hard in the last 24 hours, with several major digital assets experiencing significant declines. Bitcoin (BTC), the market leader, has fallen by 2.5%, now priced at $112,911. This drop highlights the current market volatility, though Bitcoin (BTC) still maintains its position as the top cryptocurrency.
Ethereum (ETH) has also faced a sharp pullback, dropping 6.5% in the past 24 hours. Currently trading at $4,195.94, Ethereum’s (ETH) price has been impacted by broader market trends, despite its long-term growth potential and continued use in decentralized finance (DeFi).
Binance Coin (BNB) is another major coin affected by the downturn, experiencing a 4.9% decline. It is now priced at $1,025.82. While BNB remains a central asset within the Binance ecosystem, it too has been pulled down by the broader market trend.
Solana (SOL), known for its fast transaction speeds, has also been affected, dropping by 6.6% in the last 24 hours. Currently trading at $224.26, Solana (SOL) has struggled amid the overall market decline, despite its strong positioning in the blockchain space.
Also Read: Dogecoin Plunges After Death Cross: Can It Recover to $0.45?
Dogecoin (DOGE), Lido Staked Ether (STETH), and More Show Major Declines
Dogecoin (DOGE), the popular meme coin, has suffered a significant 10.8% decline in the past 24 hours, now priced at $0.2399. Despite its wide popularity, Dogecoin (DOGE) is struggling in this market correction.
Lido Staked Ether (STETH), a derivative of Ethereum (ETH), has mirrored the decline in Ethereum’s (ETH) price with a 6.5% drop. It is currently trading at $4,193.24. Wrapped stETH (WSTETH), which tracks Lido Staked Ether (STETH), has also seen a 6.5% decline, priced at $5,088.92.
TRON (TRX), currently priced at $0.336, has dropped by 2.9% in the last 24 hours. Cardano (ADA) has been hit harder, falling by 8.6%, now trading at $0.8227, as investor sentiment remains cautious in the wake of market-wide declines.
Top Gainers Amid the Bloodbath: Smaller Altcoins Show Resilience
While major cryptocurrencies struggle, some smaller altcoins have managed to show resilience in the last 24 hours. PumpBTC (PUMP) has surged by an impressive 104.6%, now priced at $0.2056, with a trading volume of $321 million. Merlin Chain (MERL) follows closely, rising by 57.4% to a price of $0.311.
Other altcoins have also performed well, with Magic Eden (ME) increasing by 24.8%, and Story (IP) rising by 15.0% in the past 24 hours. Mavryk Network (MVRK) and Undeads Games (UDS) have also shown strong growth, up by 14.5% and 9.1%, respectively.
Despite the downturn among larger cryptocurrencies, these smaller altcoins highlight the potential for growth in niche areas of the market, showing that not all assets are facing the same challenges.
Also Read: Could Coinbase’s Crypto Super App Revolutionize Your Finances? Here’s What You Need to Know!
