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In the last 24 hours, cryptocurrency prices have continued to trend downward due to the decline of Bitcoin (BTC). The second-largest altcoin, Ethereum (ETH), has fallen below the $2,500 level, marking a significant drop. Additionally, other leading altcoins such as Ripple (XRP), Solana (SOL), and Cardano (ADA) have witnessed considerable losses due to the downward trend.
The Latest on Bitcoin
Bitcoin price has remained above $48,000 today. At the time of writing, on Monday, February 12, the price had decreased by 0.55% to $48,128.66. On the other hand, the trading volume has increased by 8.46% in the last 24 hours to $19.53 billion. Meanwhile, the market value of the cryptocurrency was $944.54 billion. When considering altcoins, the price of Ethereum at the time of writing had decreased by 1.09% to $2,498.56, and its market value was $1.86 billion. ETH also recorded a 24.37% increase in trading volume, reaching $7.10 billion.
Furthermore, the price of Binance Coin (BNB) fell by 1.30% to $319.95, while its 24-hour trading volume decreased by 1.69% to $720.04 million. Solana’s price has held above $100 today. Solana’s price decreased by 3.46% to $105.83. Additionally, SOL’s trading volume over the last 24 hours decreased by 5.19% to $1.53 billion. Meanwhile, the price of XRP fell by 0.88% to $0.5226. In contrast, XRP’s trading volume increased by 24.48% to $752.68 million.
Decline in Meme Tokens
Additionally, the price of Cardano fell by 4.44% today to $0.5381. Its 24-hour trading volume also decreased by 8.28% to $437.28 million. Among meme tokens, Dogecoin’s price fell by 2.01% to $0.08044, while its competitor Shiba Inu traded at $0.000009327, down by 1.43%. Another popular cryptocurrency, Pepe Coin (PEPE), saw a significant decline today.
As a result, the cryptocurrency market has experienced an overall decline in the last 24 hours. With Bitcoin’s retreat, Ethereum and other altcoins have suffered significant losses, but increases in trading volumes were observed. At the time of writing, the price of Pepe Coin had fallen by 1.96% to $0.000001005, and its market value was $422.75 million. Conversely, its 24-hour trading volume increased by 9.41% to $66.19 million.
