The initial days of the week brought a downturn in the cryptocurrency market. Bitcoin’s price fell to around $95,000, while losses in Ethereum $1,609, Solana
$135, and XRP left traders anxious. The market capitalization dropped to $3.15 trillion, with a 24-hour trading volume of $191 million. Experts caution that market volatility may continue.
Market Overview and Key Figures
In the last 24 hours, Bitcoin $84,918 lost 1% in value, dropping to $95,270. Having previously peaked at $96,595, Bitcoin’s price showed fluctuations due to the prevailing uncertainty. Ethereum also saw a decline of 2%, falling to $2,710, while XRP’s 2.5% drop concerned traders. Solana experienced a 5.5% decrease, settling at $160.78.
The total value of the cryptocurrency market fell to $3.15 trillion. During the past 24 hours, trading volume reached $191 million. Traders are continually updating their strategies based on the current market situation.
Current Status of Altcoins and Trader Expectations
Meme coins followed the general market trend, experiencing declines. Popular assets like Dogecoin $0.157187, Shiba Inu, and Pepe Coin lost value. However, some altcoins such as Sonic, Cronos, and Monero recorded increases of up to 12%.
On the other hand, coins like Raydium, Hyperliquid, and Story encountered significant losses. As uncertainty prevails in the market, traders are advised to exercise caution. Analysts emphasize the importance of closely monitoring price movements.
Short-term fluctuations continue in the market. The ongoing pressure on Bitcoin and leading altcoins results in a cautious stance among traders. To minimize risks, they continue to analyze market trends.