The cryptocurrency market encountered selling pressure today following recent price increases. Bitcoin (BTC) 
$93,219 has dropped to the $93,000 level, while Ethereum (ETH) 
$3,378 and XRP gained between 3% and 4%. In contrast, Solana 
$233 (SOL) caught attention with a 5% decline.
Lido DAO and Arbitrum Gain Momentum
In the last 24 hours, Lido DAO (LDO) and Arbitrum (ARB) saw increases of 15% and 10%, respectively, reflecting positive movements within the market. However, the global cryptocurrency market capitalization fell by 2%, settling at $3.27 trillion. A 22% rise in trading volume indicates a surge in trading activity.
During this period, Ethereum ETFs experienced a $283,000 influx, while Bitcoin ETFs recorded an outflow of $684 million. This trend suggests that investors are reassessing their strategies. The growing institutional interest in Ethereum stands out as a positive development for the sector.
Solana Declines While Meme Coins Suffer Losses
Solana was among the top losers of the day with a 5% drop. Moreover, the live streaming feature of Solana’s memecoin launchpad Pump Fun was halted due to misuse, impacting user trust in the project.
Meme coins like Dogecoin 
$0.389501 and Shiba Inu also faced declines. However, the rise of Lido DAO and Arbitrum has broadened the diversity and interest in various projects. In contrast, The Sandbox and Decentraland experienced significant downturns, presenting different risks to investors.
Fluctuations in the cryptocurrency market continue to present both opportunities and risks for investors. Monitoring market movements is crucial for making strategic decisions. Investors are closely tracking developments to better understand market dynamics.
