Crypto Analyzer

The Crypto Market Update: Bitcoin Drops Below $61K, Ethereum and Altcoins Experience Dip

In recent developments, the cryptocurrency market has witnessed a bearish trend as Bitcoin (BTC) fell below the $61,000 mark, while Ethereum (ETH) dropped to $2,900. Other major altcoins such as Solana (SOL), XRP, and Cardano (ADA) have also experienced a decline in prices.

Major Crypto Prices Today

1. Bitcoin Price

The price of Bitcoin has dipped by 3.33% to $60,802.57 with a trading volume increase of 7.55% to $27.12 billion over the last 24 hours. The market capitalization of BTC currently stands at $1.19 trillion.

2. Ethereum Price

Ethereum’s price has seen a decline of 3.60% to $2,916.58, accompanied by a trading volume surge of 8.86% to $11.98 billion. The market valuation of ETH is currently at $350.36 billion.

3. Solana Price

Solana’s price has dropped below $150, settling at $145.26 with a trade volume increase of 5.68% to $2.46 billion in the past 24 hours.

4. XRP Price

As for XRP, the price is hovering around $0.50 despite a 2.63% decrease to $0.5045. XRP’s trading volume has risen by 7.76% to $1.04 billion.

5. Cardano Price

Cardano’s price has tumbled by 3.94% to $0.4464, while its 24-hour trading volume increased by 0.52% to $300.69 million.

6. Dogecoin & Shiba Inu Price

Dogecoin’s price is down by 4.09% to $0.1445, while Shiba Inu’s price has plunged by 3.31% to $0.00002259.

Top Crypto Gainers Today

  • Lido DAO (LDO): LDO price increased by 2.30% to $1.96.
  • Tron (TRX): TRX surged by 2.14% and traded at $0.1212.
  • Chiliz (CHZ): CHZ surged by 1.98% and traded at $0.1253.
  • THORChain (RUNE): RUNE price rose by 1.75% to $5.45.

Top Crypto Losers Today

  • Dogwifhat (WIF): WIF price decreased by 10.83% to $2.91.
  • Helium (HNT): HNT price dipped by 9.70% to $4.84.
  • Aakash Network (AKT): AKT price was down by 7.99% to $4.43.
  • JasmyCoin (JASMY): JASMY price slipped by 6.36% to $0.01792.

Notable mention goes to Jupiter (JUP) and Avalanche (AVAX) for also being part of the top crypto losers list today.

It will be interesting to see how the market dynamics evolve in the coming days as investors closely monitor the fluctuations in cryptocurrency prices.