What to Know
- Bitcoin (BTC) dropped 1.7% below $82,000, while Ethereum (ETH) and XRP (XRP) recorded losses amid broader cryptocurrency market weakness.
- Zcash (ZEC) led major cryptocurrency declines with a 6.1% loss, while Monero (XMR) gained 0.1% despite widespread market losses.
- Dacity Coin (DACITY) surged 77.4%, leading smaller token gainers as Akedo (AKE) and Magma Finance (MAGMA) recorded substantial advances.
The cryptocurrency market recorded widespread losses, with Bitcoin falling below $82,000 as Ethereum, XRP, and Solana also declined. According to CoinGecko data, Bitcoin (BTC) dropped 1.7% to $81,754.63, while Ethereum (ETH) fell 2.1% to $2,401.26.
Major Cryptocurrencies Record Losses as Zcash Leads Declines
Despite its decline, Bitcoin maintained a $1.64 trillion market capitalization, with trading volume reaching $30.58 billion. Ethereum followed with $12.29 billion in trading volume and a market capitalization of $293.31 billion. Selling pressure also affected XRP (XRP), which declined 2.0% to $1.32, recording $1.48 billion in trading volume. Its market capitalization stood at $83.49 billion.
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Meanwhile, BNB (BNB) slipped 0.4% to $741.28, with trading volume reaching $667 million and market capitalization totaling $97.48 billion. Solana (SOL) experienced a larger decline of 1.5%, falling to $104.24 as trading volume reached $2.31 billion.
Elsewhere, TRON (TRX) dropped 0.4% to $0.3292, Hyperliquid (HYPE) declined 1.4% to $78.04, and Dogecoin (DOGE) lost 1.1% to $0.07972.
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Zcash (ZEC) recorded the steepest decline among these major cryptocurrencies, falling 6.1% to $1,227.21. Its trading volume reached $1.08 billion, while market capitalization stood at $20.86 billion. In contrast, Monero (XMR) gained 0.1% to $614.83, with $200.98 million in trading volume.
Top Gainers Defy Broader Crypto Market Decline
While major cryptocurrencies struggled, several smaller tokens recorded double-digit gains during the same period. Dacity Coin (DACITY) led with a 77.4% increase to $0.01593, generating $5.84 million in trading volume. Akedo (AKE) followed, climbing 67.4% to $0.03593, while trading volume reached $47.43 million.
Similarly, Magma Finance (MAGMA) advanced 53.3% to $0.5075, recording $7.58 million in trading activity. Yellow (YELLOW) gained 40.1% to $0.1406, while Bitlayer (BTR) increased 38.9% to $0.06074.
Bubblemaps (BMT) also climbed 31.2% to $0.02833, accompanied by $60.58 million in trading volume. Irys (IRYS) rose 28.6% to $0.02782, recording $153.43 million in trading activity. Overall, the market showed contrasting performance, with leading cryptocurrencies declining while smaller tokens registered substantial gains.
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