- Bitcoin and Ethereum dip while Greyhunt and Espresso surge.
- Altcoins rise as top coins fall in the crypto bloodbath.
- Greyhunt and Espresso soar amidst major crypto market decline.
The cryptocurrency market has experienced a sharp downturn, with major coins like Bitcoin (BTC) and Ethereum (ETH) suffering losses in the past 24 hours. Bitcoin, priced at $67,145.27, fell 0.9%, while Ethereum dropped 0.8%, settling at $1,983.55. XRP fell 3.7% to $1.42. Despite these drops, XRP’s market cap remains substantial at $86.7 billion.
Other major coins like Binance Coin (BNB) and Solana (SOL) also followed the bearish trend. Binance Coin saw a 0.5% decrease, bringing its price to $612.32. Solana, on the other hand, experienced a 2.8% drop, now valued at $82.40. Bitcoin Cash (BCH) and WhiteBIT Coin (WBT) also saw minor declines of 0.6% and 1.1%, respectively, leaving many investors feeling uncertain about the short-term future of these assets.
Also Read: Top Analyst: Rotation From Bitcoin Into XRP Beginning Really Soon – Here’s Why
Unexpected Altcoin Surge: Greyhunt and Espresso Lead the Charge
Amidst the market bloodbath, altcoins have emerged as the surprising winners. Greyhunt (HUNT) has led the pack with an eye-popping 46.8% surge, currently priced at $2.81. This massive gain has drawn attention as its trading volume reached $50.8 million. Investors have been flocking to this altcoin, seeking refuge from the downturn in larger coins.
Espresso (ESP) has followed closely behind with a remarkable 28.9% rise, now priced at $0.07751. This altcoin’s price increase comes with a surge in trading volume, which reached a solid $102.6 million. Orbs (ORBS), which has increased by 22.3%, is also gaining traction, now priced at $0.009768, adding to the excitement in the altcoin market.
Additional altcoins have also joined the upward movement, including Prom (PROM), which has risen by 20.7% to $1.55, and Power Protocol (POWER), up by 16.1%, now valued at $0.3536. Singularry (SINGULARRY) and The9bit (9BIT) have experienced solid gains as well, rising 14.9% and 14.3%, respectively.
As the major cryptocurrencies struggle, these lesser-known altcoins are attracting more attention. This unexpected surge in altcoin prices proves that despite the ongoing crypto bloodbath, opportunities remain for investors willing to look beyond the top-ranked coins.
Also Read: Ripple Developer Exposes Major Flaws in XRP Ledger Sandbox: What You Need to Know!
