Bitcoin‘s continuous rise over the past several days gave way to a sharp decline with the close of the weekend and the opening of Asian markets. The price, which had reached levels around $44,000 last week, fell to $40,400 momentarily this morning. Even though there was a decline in altcoins during this period, some defied the market.
According to the information, there was a sharp decline in Bitcoin prices in the crypto markets in the last few hours, accompanied by uncertainty. The fall was not limited to BTC alone; leading altcoins in terms of volume such as XRP, SOL, ADA also witnessed significant price drops. However, some altcoins challenged the market.
Data from Binance indicates that incredible price movements were detected in 3 altcoins within the last hour. Price analysis revealed that these 3 altcoins exhibited strong performance, with one of them doubling in value.
The recent rise in AVAX seems to have affected the projects it contains. BENQI (QI) broke its long silence and experienced a 135% increase in the falling market environment caused by BTC’s drop. The stagnant price structure changed due to rapid purchases, and the 24-hour trading volume saw an incredible increase of 730%, reaching $242 million.
VeThor Token (VTHO) became another altcoin that caught investors’ attention by rising more than 40% in the last hour. According to Binance data, its price increased by 40%, reaching $0.002492 in the last hour. The 24-hour trading volume skyrocketed by an amazing 500%, reaching $16 million. The overall volume of the altcoin increased by 32%, going up to $161 million.
Lastly, despite the general market downturn, Marlin (POND) price rose by 22.9% to $0.01626. An increase in trading volume for POND was also observed. The transaction volume over 24 hours saw an incredible increase of 665%, amounting to $27 million. POND is currently ranked 266th in the market rankings.