The leading cryptocurrency Bitcoin (BTC) recorded a downward trend after reaching a peak of $70,000 and then retreating to $68,000. Additionally, the price of Ethereum fell below the $3,900 level. Meanwhile, the value of other top altcoins such as Solana (SOL), XRP, Cardano (ADA) also declined.
The Latest on BTC and ETH
Bitcoin price managed to stay above $68,000 despite the pullback. At the time of writing, on Monday, March 11, Bitcoin’s price had fallen by 1.50% to $68,508.25. On the other hand, the trading volume increased by 43.47% in the last 24 hours to $36.63 billion. The market value of the cryptocurrency was $1.34 trillion. In the altcoin market, Ethereum’s price dropped by 2.54% to $3,854.68 at the time of writing, with a market value of $462.93 billion.
ETH’s trading volume increased by 37.73%, reaching $17.60 billion. Meanwhile, Binance Coin (BNB) defied the downward trend and increased by 5.61% to $521.25. Its 24-hour trading volume also saw a 127.41% increase to $5.71 billion. Solana’s price settled at $141.35 after a 4.05% decrease. In contrast, SOL’s trading volume over the last 24 hours increased by 35.39% to $3.95 billion. Following the pullback, XRP’s price fell below $0.62. XRP’s price reached $0.61, marking a 2.52% decrease, but its trading volume rose by 11.98% to $1.76 billion.
Decline in Meme Tokens
Furthermore, Cardano‘s price today fell by 2.99% to $0.7142. ADA‘s 24-hour trading volume increased by 19.48% to $723.09 million. While the highest cryptocurrency prices witnessed an uptick, popular meme tokens followed suit. Dogecoin‘s price fell by 5.84% to $0.1681, while its rival Shiba Inu’s price decreased by 7.35% to $0.00003242. The popular meme token Pepe Coin (PEPE) also saw a significant drop today. At the time of writing, Pepe Coin‘s price fell by 8.89% to $0.000008381, and its market value was $3.53 billion. Additionally, its 24-hour trading volume decreased by 20.23% to $1.26 billion.
Recently popular cryptocurrency Pyth Network (PYTH) recorded an impressive 20% increase and ranked among the top crypto gainers. PYTH’s price rose by 19.78% to $0.8291 during the report. Moreover, its trading volume saw a substantial increase of 317.39% to $513.31 million. Additionally, PYTH Network’s cryptocurrency reached an all-time high of $0.8934 amidst the recent rally.
