The cryptocurrency market has started the new day with a slight recovery. Bitcoin (BTC) is navigating above the $66,000 level while Ethereum (ETH) is trying to maintain just above $3,300. Other major altcoins like XRP and Cardano (ADA) are trading with significant price drops, whereas Solana (SOL) has managed to stand out by recovering amidst the downtrend.
Current State of Bitcoin and Altcoins
At the time of writing, Bitcoin is trading at $66,343, down 0.99% in the last 24 hours. The largest cryptocurrency‘s trading volume has increased by 12.99% to $47.42 billion in the same period. Meanwhile, Bitcoin’s market value is at the $1.30 trillion level.
In the altcoin market, Ethereum’s native asset ETH has fallen 1.43% to $3,309 in the last 24 hours, while its trading volume has increased by 9.90% to $20.99 billion. BNB (BNB) has dropped 0.49% to $557, with its 24-hour trading volume increasing by 1.18% to $2.35 billion. The popular altcoin Solana‘s SOL defies the general downtrend with a 2.71% rise, climbing back above the $190 level. SOL‘s trading volume has also increased by 7.08% to $4.53 billion during the same time frame.
Ripple‘s associated XRP continues to decline, trading at $0.5879, down 1.94% in the last 24 hours. In the same time frame, XRP‘s trading volume has decreased by 5.83% to $2 billion.
The native asset of the popular altcoin project Cardano, ADA, is trading at $0.5867, down 1.66% in the last 24 hours. The altcoin’s trading volume has fallen by 11.26% to $640.10 million. Memecoin market favorites Dogecoin (DOGE) has dropped 1.39% to $0.1859 in the last 24 hours, while Shiba Inu (SHIB) has seen a 0.47% increase, trading at $0.00002718.
Top 3 Best Performing Altcoins of the Day
Currently, the top-performing altcoin of the day is Ethena Labs’ Ethereum-based Ethena (ENA). ENA has seen a 23.77% increase, trading at $0.8511 in the last 24 hours. ENA has reached an all-time high of $0.8987 during its rally in the last 24 hours.
The second-best performing altcoin of the day is the cryptocurrency exchange Bitget’s altcoin, Bitget Token (BGB). BGB has risen 10.26% to $1.19 in the last 24 hours. The third spot on the list is occupied by Flare (FLR), which has increased by 8.29%, trading at $0.0387.
