Crypto Prices Today: Bitcoin At $48K, XRP & Pepe Coin Decline As IMX Rallies
The cryptocurrency market experienced a significant pullback today, with Bitcoin (BTC) leading the way as its price fell below $52,000. Ethereum also saw a decline, dropping below the $2,800 level for the first time in two years. Other top altcoins like XRP and Cardano (ADA) also witnessed volatility.
Bitcoin Price Dips Below $52K
The price of Bitcoin dropped by 0.46% to reach $52,011.03 at the time of writing. Its trading volume also decreased by 25.74% to $26.56 billion in the last 24 hours. Despite the pullback, Bitcoin maintains a market cap of $1.02 trillion.
Ethereum Slips to $2,788
Ethereum experienced a decline of 1.73%, settling at $2,788.29 with a market valuation of $335.53 billion. The trading volume for ETH dropped by 27.06%, reaching $16.26 billion.
Binance Coin (BNB) Slumps by 0.47%
The Binance Coin (BNB) price also saw a decrease of 0.47%, reaching $359.87. Its 24-hour trade volume plummeted by 18.64% to $1.39 billion.
Solana Drops Below $110
Solana witnessed a decline of 3.12% and settled at $109.79 during the pullback period. Its trade volume also dropped by 22.81% to $1.80 billion within the last 24 hours.
XRP and Cardano Experience Significant Drops
The XRP price recorded a dip of 2.87%, settling at $0.5604. Additionally, XRPโs trading volume fell by 30.84% to $1.26 billion. Meanwhile, the Cardano price witnessed a slump of 2.59% to $0.5939 today. It also experienced a decline of 35.82% in its 24-hour trading volume, settling at $499.87 million.
Meme Coins Affected as Well
The pullback in top crypto prices also impacted meme coins. The Dogecoin price tumbled by 1.72% to $0.08508, while Shiba Inu registered a 2.05% drop in value and traded at $0.00000976.
Pepe Coin Declines
Pepe Coin (PEPE), one of the trending meme cryptocurrencies, saw a notable decline today. Its price dropped by 5.14% to $0.000001174 with a market valuation of $494.82 million.
Bitget Token Rallies 30%
Bitget Token (BGB), the native cryptocurrency of Bitget crypto exchange, emerged as the top gainer today with a surge of 29.68%. It reached a price of $1.12, although its trade volume decreased by 22.61% to $69.40 million.
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