- Dogecoin rises as major cryptocurrencies decline in 24-hour trading.
- Bitcoin, Ethereum, and Solana fall slightly amid cautious sentiment.
- Altcoin market cools while smaller tokens post strong daily gains.
The cryptocurrency market faced mild declines over the past 24 hours, with Dogecoin (DOGE) standing out as the only major coin to record a gain. The meme-inspired token rose 0.6% to trade at $0.2506, supported by a trading volume of $3.06 billion and a market capitalization of $37.96 billion.
The modest rise highlights renewed retail interest despite broader market weakness. Bitcoin (BTC) slipped 0.4% in the last 24 hours to $121,715, maintaining a market capitalization of $2.42 trillion.
The leading cryptocurrency showed limited movement, suggesting continued consolidation after recent highs. Ethereum (ETH) also declined 2.1%, trading at $4,350.04 as traders reacted to cooling momentum across the market.
Also Read: $607M Wiped Out: XRP on the Brink as Traders Face Brutal Liquidations
Altcoins Extend Declines as Market Cools
Other large-cap altcoins followed a downward trend. BNB (BNB) fell 2.9% to $1,275.77, losing steam after last week’s rally. XRP (XRP) slipped 0.3% to $2.82, reflecting cautious sentiment among investors.
Solana (SOL) dropped 3%, trading at $221.08, while Cardano (ADA) edged lower by 0.2% to $0.8176. The steady declines across major altcoins point to a cautious trading atmosphere as investors await stronger buying signals.
Top Gainers Show Rising Speculative Activity
While top cryptocurrencies traded lower, smaller tokens saw sharp daily gains. Pomato (POMATO) led the market with a 248.6% surge, reaching $0.04196 on a volume of $6.19 million. Iron Fish (IRON) advanced 156.2% to $0.5579, and Railgun (RAIL) gained 119.3% to $5.12.
INFINIT (IN) rose 62.4% to $0.2287, while Decentralized Social (DESO) increased 57.7% to $8.38. The significant movement among these smaller tokens underscores active speculative trading even as large-cap assets remain under pressure.
Bitcoin, Ethereum, XRP, BNB, Solana, and Cardano all posted slight declines, reflecting short-term market fatigue. However, the strong rallies among smaller altcoins indicate that speculative trading continues to drive sections of the market despite the overall slowdown.
Also Read: Kraken Expands Into Traditional Derivatives, Bridging Crypto and Global Futures Markets
