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Leading cryptocurrency Bitcoin (BTC) fell to $65,000 while Ethereum (ETH) continued to decline. Altcoins like Solana (SOL) mostly followed, while meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB) recorded a 9%-13% drop.
BTC and ETH
Additionally, Ripple (XRP) defied broader market trends and maintained its upward momentum. The global cryptocurrency market volume fell significantly by 3.14% to $2.35 trillion. However, the total crypto market volume yesterday increased by 104.01% to $94.07 billion. This followed the recent stance of the US Fed, which triggered exits recorded in the crypto sector.
BTC’s price chart showed more subdued movement today, falling by 1.39% to $65,374.98 within the past day. The token’s 24-hour lows and highs were $64,597.25 and $67,252.08, respectively.
Bitcoin’s dominance increased by 0.93% from the previous day to 54.87%. The token’s market value is $1.29 trillion. ETH’s price mostly traded in a downward trend over the past 24 hours, falling by 4.39% to $3,428.45. The altcoin’s 24-hour lows and highs were $3,371.59 and $3,591.67, respectively.
Current Status of Altcoins
Meanwhile, Ethereum’s market value is $419.50 billion. SOL’s price corrected by 9.25% over the past day, trading at $134.26 at the time of writing. Solana’s 24-hour lows and highs were $130.16 and $148.95. However, the Ripple Labs-backed cryptocurrency saw a slight increase of 0.33% to $0.4893 yesterday. XRP’s 24-hour lows and highs were $0.4808 and $0.5194, respectively.
Additionally, the meme token sector mirrored the broader market’s downward movement. Dogecoin (DOGE) fell by 9.74% to $0.122, while Shiba Inu (SHIB) dropped by 12.12% to $0.00001802. Additionally, Pepe coin (PEPE) fell by 11.84% to $0.00001055.
