Crypto Prices Today: Bitcoin and Ethereum in the Red, Altcoins Record Losses
The crypto market experienced a bearish turn as Bitcoin (BTC) traded above $49,000 after reaching a high of $50,358. Ethereum maintained the $2,600 level despite a pullback. However, other top altcoins like XRP, Solana (SOL), and Cardano (ADA) recorded significant losses.
Bitcoin Price Sustains Above $49,000
Bitcoin’s price was down by 1.09% and reached $49,432.19. The trading volume dipped by 0.88% to $33.90 billion in the last 24 hours. Bitcoin’s market cap stood at $970.05 billion.
Ethereum Price Drops, Binance Coin Slips
Ethereum’s price dropped 0.82% to $2,626.69 with a market valuation of $315.72 billion. Its trading volume increased by 15.76% to $16.55 billion. Meanwhile, Binance Coin (BNB) slipped by 0.23% to $325.78, with a 24-hour trade volume of $852.78 million.
Solana and XRP Witness Declines
Solana’s price was down by 2% and settled at $111.70, while its trade volume dropped by 18.04% to $2.30 billion in the last 24 hours. XRP slumped below the $0.53 level with a decline of 1.15%, settling at $0.5247.
Cardano Price Drops, Meme Coins Follow Suit
Cardano witnessed a drop of 1.06% to $0.5473 and a 16.23% dip in its 24-hour trading volume, settling at $426.20 million. Meme coins also suffered losses, with Dogecoin down by 1.32% to $0.08107 and Shiba Inu dropping 1.23% to $0.000009462.
Pepe Coin Declines
The Pepe Coin (PEPE) declined by 1.73% to $0.000001077 with a market valuation of $452.96 million. Its 24-hour trade volume declined by 2.84% to $106.26 million.
Pyth Network Rallies 15%
The Pyth Network (PYTH) in the Solana Ecosystem experienced a notable uptick, with its price soaring by 14.55% to $0.6701 and trade volume surging by 58.73% to $218.16 million.
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