The cryptocurrency market saw a notable decline today, with prominent digital assets like Bitcoin (BTC) and several altcoins exhibiting significant volatility. Unusually, certain cryptocurrencies such as Kaspa (KAS) and Maker (MKR) resisted the downward pressure and posted gains, standing out in an otherwise turbulent market.
What Happened to BTC and ETH?
Bitcoin retracted yesterday’s gains, slipping to around $61,000. Similarly, Ethereum (ETH), Solana (SOL), and other major altcoins like XRP faced declines. The global cryptocurrency market value contracted by 1.49%, landing at $2.25 trillion. Bitcoin’s price fell by 1.30% over the past 24 hours, settling at $61,125.51, with its daily low and high ranging between $60,695.19 and $61,968.81. Currently, Bitcoin’s market cap is valued at $1.2 trillion.
Ethereum’s price demonstrated a horizontal movement, fluctuating between red and green zones. ETH saw a slight decrease of 0.24% from the previous day, ending at $3,381.61. Its daily low and high were recorded at $3,328.39 and $3,412.04, respectively. Meanwhile, Solana’s (SOL) price dropped by 0.86% to $137.10, with a daily range of $134.93 to $139.31.
Which Altcoins Defied the Market Trend?
XRP, another popular cryptocurrency, traded at $0.469, down by 1.30%, with daily fluctuations between $0.4662 and $0.4756. Dogecoin (DOGE) experienced a 3.77% drop, falling to $0.1224, while Shiba Inu (SHIB) decreased by 3.75% to $0.0000172. Other meme coins, including Pepe coin, Floki Inu, and dogwifhat, suffered losses ranging from 1% to 6%.
Valuable Insights for Investors
Key Observations for Investors:
– Kaspa (KAS) saw an impressive increase of 11.87%, reaching $0.1815.
– Maker (MKR) rose by 5.80% to $2,490, contrary to the market trend.
– Akash Network (AKT) gained 4.37%, priced at $3.24.
– Lido DAO (LDO) appreciated by 3.88%, standing at $2.44.
Overall, while the cryptocurrency market exhibited volatility today, select coins such as KAS and MKR offered positive returns to investors.