Bitcoin, the leading cryptocurrency, recorded a minor loss of 0.6% over the last 24 hours, starting the new week at the $30,100 mark.
Bitcoin Sees Minimal Loss, Influencing The Market
This decline in BTC has also influenced many altcoins in the crypto market to record value losses of varying degrees since the morning hours. Ethereum (ETH), for instance, began trading at the $1,855 level following a 0.75% loss. Furthermore, according to CoinMarketCap (CMC) data, the total market value of the crypto ecosystem has slipped to $1.17 trillion.
Most cryptocurrencies with high market value started the week on a downswing due to the depreciation in Bitcoin (BTC). BNB slipped to price levels of $232, XRP to $0.46, Cardano (ADA) to $0.28, Dogecoin (DOGE) to $0.064, Solana (SOL) to $20.63, and TRON (TRX) to $0.076 following their most recent value losses.
Top Cryptocurrencies of The Day
The decline in Bitcoin and the downward trend in the crypto market led to numerous cryptocurrencies recording high value losses since the morning hours. Among the top 100 cryptocurrencies by market value, Pepe (PEPE), Conflux (CFX), Fantom (FTM), Render Token (RNDR), Avalanche (AVAX), and Solana (SOL) topped the list of cryptocurrencies that lost the most value in percentage terms in the last 24 hours, according to CMC data.
Despite the downward trend in the crypto market on the first day of the week, some cryptocurrencies continued to rise. Compound (COMP), recording a nearly 10% increase in the last 24 hours, started trading at $57.39, becoming the cryptocurrency with the highest percentage increase of the day among the high market value cryptocurrencies, according to CMC data.
