After the 2020 halving, all eyes turned to the cryptocurrency market. Everyone continues to wonder what will happen with Bitcoin. Additionally, the overall negative outlook in major altcoins over the last hour shows that there have been no significant drops.
Despite this, which altcoins have lost the most in the last hour? Let’s take a look at altcoins and then Bitcoin.
Top Falling Altcoins
Looking at the five altcoins that have recorded the most decline in the last hour, we see a predominance of meme coins. Two of the five altcoins are meme coins, with WIF leading the pack as one of March’s stars.
WIF has settled at the top of the Coinmarketcap list after a near 3% drop in the last hour. Despite the drop, the price has fallen to $2.85, yet it remains the third largest meme coin by volume.
WIF’s trading volume over the last 24 hours was $826 million, while its overall volume was around $2.84 billion. However, it’s important not to overlook that WIF has seen an 18% increase in the last 24 hours.
RUNE is second on the list. Having made headlines over the past week, RUNE finds buyers in the $5.28 range after a 2.41% drop. Despite the recent decline, RUNE’s 24-hour increase of over 12% should not be overlooked by investors.
RUNE’s volume for the last 24 hours was $530 million, while its overall volume was at $1.76 billion.
XEC’s decline was around 2% but was lower compared to its competitors. XEC is trading in the $0.00005075 region after the recent drop.
DOGE, the leader in volume among meme coins, was one of the biggest losers post-halving. After a 1.64% drop in the last hour, DOGE is priced at $0.1546.
DOGE’s market cap is at $22.2 billion, placing it eighth. DOGE’s 24-hour trading volume is also over $2.1 billion.
Finally, SUI is fifth on the list. After a 1.34% drop, SUI is priced at $1.32, ranking 57th in the market. SUI’s market cap continues to exceed $1.7 billion.
The market downturns have been less severe than expected. It’s important to remember that any potential rise linked to halving could depend on BTC‘s movements.
How Much is Bitcoin Now?
Minutes before the halving, BTC’s price had dropped to $63,000. It then experienced a recovery. However, according to the last hour’s data, BTC is currently finding buyers at $63,500.
During this period, BTC’s market cap has remained over $1.25 trillion while its trading volume has dropped to $48.6 billion. Geopolitical events and miner activities post-halving could lead to significant movements in Bitcoin in the coming days.
Additionally, movements in Bitcoin could also significantly impact altcoins, a reminder beneficial for investors.
