Traders navigated a challenging day in global cryptocurrency markets as Bitcoin hovered around $87,000. Both Ethereum and Solana saw price drops, contributing to an overall market decline. The total market capitalization for cryptocurrencies diminished by 0.52%, settling at $2.93 trillion, while trading volume witnessed a rise of 6.52%, reaching $318.44 billion.
What Happened to Major Cryptocurrencies?
Bitcoin, Ethereum, and Solana exhibited significant price fluctuations today. In contrast, Ripple gained momentum, registering a notable increase. Dogecoin also enjoyed some intraday gains, buoyed by Elon Musk’s political ties.
Which Coins Were the Day’s Top Performers?
XRP‘s price surged by 11% to $0.67, while Dogecoin climbed by 4%, reaching a price of $0.3778. In contrast, Shiba Inu faced a downturn, dropping by 9%. Other meme coins like PEPE, BONK, and FLOKI experienced upward momentum.
Among the day’s biggest movers, BONK skyrocketed by 30%, reaching $0.00003397, while Stellar gained 14%, and FLOKI saw an 8% increase. On the downside, FET fell by 21%, marking it as one of the largest losers in the market.
The positive sentiment from the U.S. House of Representatives regarding cryptocurrency is fostering optimism within the sector. Traders remain vigilant, analyzing market volatility for potential opportunities and risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/cryptocurrency-traders-face-market-volatility-today