Before the announcement of the US CPI data yesterday, the price of Bitcoin (BTC) had reached $50,358 during the day, but fell below the $49,000 level after the data was released. The price then recovered and rose back above $49,500. On the Ethereum side, the price remained above the $2,600 level. In addition, significant altcoins like XRP, Solana (SOL), and Cardano (ADA) saw declines in the market.
Today’s Main Crypto Prices
Despite yesterday’s drop, Bitcoin’s price continues to trade above $49,000 today. At the time of writing on Wednesday, February 14, Bitcoin’s price was finding buyers at the level of $49,600, with a 0.1% decrease. On the other hand, the 24-hour trading volume decreased by 0.88% to $33.90 billion. Bitcoin’s market cap was at $970.05 billion.
At the top of the altcoins, Ethereum’s price at the time of writing fell by 0.82% to $2,626.69, and its market value dropped to $315.72 billion. Despite the drop, ETH’s trading volume saw a 15.76% increase to $16.55 billion.
One of the favorite altcoins in the crypto world, Solana (SOL), is at the $112 level. Despite the price being at this level, SOL experienced a 2% decrease. On the other hand, SOL’s trading volume over the last 24 hours also decreased by 18.04% to $2.30 billion.
XRP, one of the notable altcoins in the market, fell below the $0.53 level during this period. After a 1.15% decrease in XRP’s price, it fell to $0.5247. Additionally, XRP’s trading volume also decreased, with a 1.63% decline to $997.57 million.
Cardano’s price, often heard from its management team, fell to $0.5473 after a 1.06% price drop. Moreover, there was a 16.23% decrease in the 24-hour trading volume, which stood at $426.20 million.
The meme coin world also seems to have taken its share of the downturn. Dogecoin, recently known for its rises, fell to $0.08107 after a 1.32% decrease, while its closest competitor Shiba Inu experienced a 1.23% loss in value, dropping to $0.000009462. SHIB still appears to be far from the anticipated $0.00001 level.
Which Coins Are at the Top of the Altcoin Market?
Pyth (PYTH), part of the Solana ecosystem, saw a noticeable rise today and topped the list of winners. As of the time of writing, PYTH increased by 14.55% to $0.6701. In addition, its trading volume experienced a 58.73% increase to $218.16 million.
Another altcoin that caught attention today is VeChain (VET). Despite the market downturn, VET ranked second on the list and traded at $0.034 after a 9.9% increase over the last 24 hours. VET’s 24-hour trading volume rose to $63 million, while its market cap exceeded $2.5 billion.
