The significant price fluctuations in the cryptocurrency world seem to have settled into a consolidation phase. The economic crisis in Japan and its global impact caused a sharp decline in prices, followed by a partial recovery. Currently, the direction remains uncertain in the charts. So, what exactly is happening with high-volume cryptocurrencies right now?
Bitcoin Price
In recent weeks, the noticeable drop in Bitcoin’s price had worried investors, but later BTC settled around the $60,000 region, continuously fluctuating up and down. After a week, BTC managed to surpass $60,000 again but couldn’t maintain stability in this region.
In the last 24 hours, BTC’s price saw a 1.63% decline, reaching $58,545. This drop caused the market cap to fall below $1.2 trillion, now standing at $1.155 trillion.
The 24-hour trading volume, which was $31.7 billion last week, has decreased to $19.4 billion, indicating a decline in interest since last week.
Current Status of Altcoins
Altcoins also experienced a price decline parallel to BTC’s drop. However, Ethereum’s better performance compared to BTC continues to please its investors, with ETH’s price remaining in the positive zone in both daily and weekly indicators.
ETH’s price rose by 0.86% today, reaching $2.627, maintaining its strong position against BTC. Following this rise, the market cap increased to $315 billion, while the 24-hour trading volume dropped to $9.97 billion, indicating a decline in investor interest.
The decline continued for Binance’s native token, BNB. BNB’s price dropped by 0.79% in the last 24 hours, trading at $533. Solana, the surprise of last year and the early part of this year, also held its ground against BTC. Solana’s price rose by 0.80%, reaching $142.
XRP, which had risen above $0.60 in recent weeks, saw a 0.26% increase in the last 24 hours, reaching $0.5672, still about 10% away from $0.60.
Today’s winner is once again the recent star, TON. TON’s price rose by 6.84% today, approaching $7 again. As of the time of writing, TON’s price is $6.93, with a market cap of $17.4 billion and a trading volume exceeding $400 million.
