Today’s Crypto Market: Bearish Turn for Top Cryptocurrencies
The top crypto prices today registered a bearish turn as the Bitcoin (BTC) price slumped to the $68,000 level after attaining a peak at $70,000. In addition, the Ethereum price dropped below the $3,900 mark. Meanwhile, other top altcoins, such as Solana (SOL), XRP, and Cardano (ADA), also dipped in value.
Major Crypto Prices Today
The Bitcoin price sustained above $68,000 despite the pullback. It was down by 1.50%, reaching $68,508.25 at the time of writing on Monday, March 11. On the other hand, its trading volume surged by 43.47% to $36.63 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.34 trillion.
In the altcoin arena, the Ethereum price dropped 2.54% to $3,854.68 at press time with a market valuation of $462.93 billion. Its trading volume increased by 37.73%, reaching $17.60 billion. Meanwhile, the Binance Coin (BNB) price defied the bearish trend and surged by 5.61%, reaching $521.25. Its 24-hour trade volume spiked by 127.41% to $5.71 billion.
The Solana price geared up to extend below the $140 level as it was down by 4.05%, settling at $141.35. On the contrary, SOL witnessed a 35.39% hike in trade volume to $3.95 billion in the last 24 hours.
Similarly, the XRP price dropped below $0.62 amid the pullback. It recorded a dip of 2.52%, reaching $0.61. However, XRP’s trading volume increased by 11.98% to $1.76 billion.
Meanwhile, the Cardano price dropped 2.99% to $0.7142 today. ADA recorded a 19.48% hike in its 24-hour trading volume, settling at $723.09 million.
As the top crypto prices witnessed a hike, popular meme coins also followed suit. The Dogecoin price slipped 5.84% to $0.1681 while its rival, Shiba Inu price plummeted by 7.35% in value and traded at $0.00003242.
Top Crypto Prices Today Are
Pepe Coin Declines
The Pepe Coin (PEPE) crypto, a popular meme coin, slumped significantly today. At press time, the Pepe Coin price was down by 8.89% to $0.000008381 with a market valuation of $3.53 billion. Its 24-hour trade volume also plunged by 20.23% to $1.26 billion.
Pyth Network Rallies 50%
Pyth Network (PYTH), a trending crypto, recorded an impressive surge of 20% and ranked as one of the top crypto gainers today. The PYTH price soared by 19.78% to $0.8291 at the time of reporting. Moreover, its trade volume skyrocketed by a whopping 317.39% to $513.31 million. The PYTH Network crypto even reached a new all-time high of $0.8934 amid the recent rally.
Hot Take: Crypto Market Experiences Bearish Turn
The crypto market experienced a bearish turn today as the prices of top cryptocurrencies, including Bitcoin and Ethereum, dropped. Despite Bitcoin’s pullback, it managed to sustain above $68,000. However, Ethereum fell below the $3,900 mark. Other altcoins, such as Solana, XRP, and Cardano, also witnessed declines in value.
On the other hand, Binance Coin defied the bearish trend and surged by 5.61%. The meme coins Dogecoin and Shiba Inu also followed the overall market trend and experienced dips in value.
It is important for investors to closely monitor the market and make informed decisions based on the latest price movements. With volatility being a common characteristic of the crypto market, it is crucial to stay updated and adapt investment strategies accordingly.
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