- Bitcoin, Ethereum, and Dogecoin face major losses in crypto downturn.
- Altcoins like Kyuzo’s Friends surge despite widespread crypto bloodbath.
- XRP, Binance Coin, and Solana drop as market sentiment shifts.
The cryptocurrency market is currently enduring a major downturn, with Bitcoin, Ethereum, XRP, Binance Coin, Solana, and Dogecoin all suffering significant losses within the last 24 hours. Bitcoin (BTC) led the way with a 0.7% drop, now priced at $89,423.82, and despite its robust trading volume of $38.84 billion, its market capitalization is now approximately $1.79 trillion.
Ethereum (ETH) followed closely, experiencing a 2.5% decrease to $2,939.18. Ethereum’s trading volume remained solid at $22.99 billion, with a market cap of $354.96 billion. While still one of the largest cryptocurrencies by market cap, Ethereum was not immune to the market’s struggles.
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Binance Coin (BNB) remained relatively stable at $889.81, but it couldn’t escape the market pullback. XRP, often seen as a top contender in the altcoin space, saw a sharper decline of 2.3%, now priced at $1.91. XRP’s trading volume stands at $2.2 billion, with a market cap of $115.97 billion.
Solana (SOL) experienced a 1.7% decline, now priced at $127.95, while Dogecoin (DOGE) dropped by 1.3%, bringing its price down to $0.1251. These declines reflect the general trend in the crypto market, where even prominent coins have been hit by bearish pressure.
Altcoins Offer Glimmer of Hope Amidst Bloodbath
While the major cryptocurrencies face significant losses, some smaller altcoins are showing resilience. Kyuzo’s Friends (KO) surged by 125%, reaching $0.1301, with a trading volume of $10.39 million. BXN (BXN) also rose by 41.6%, now priced at $0.001873, supported by a trading volume of $569,160.
Other altcoins such as Sentient (SENT), Acurast (ACU), and Radix (XRD) recorded notable gains, increasing by 33.7%, 30.2%, and 31.5%, respectively. These altcoins are proving that even in a bloodbath, there is potential for growth within the market.
In conclusion, while Bitcoin, Ethereum, XRP, Binance Coin, Solana, and Dogecoin are experiencing a downturn, the surge in some altcoins offers a contrast to the broader market struggle. Whether this downward trend continues or shifts remains to be seen.
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