Friday, June 14, 2024
The most popular cryptocurrency, Bitcoin (BTC), saw a decline after peaking at $70,000 and then falling to $68,000.

Bitcoin and Altcoins Experience Market Fluctuations

The most popular cryptocurrency, Bitcoin (BTC), saw a decline after peaking at $70,000 and then falling to $68,000. In addition, the price of Ethereum dropped below $3,900. Other popular cryptocurrencies including Cardano (ADA), XRP, which and Solana (SOL), among others, saw a decrease in value at the same time.

The Latest on BTC and ETH

In spite of the decline, the price of bitcoin was able to hold over $68,000. As of Monday, March11, when this article was written, the price of bitcoin has decreased by 1.50% to $68,508.25. Conversely, the trade volume reached $36.63 billion after rising by 43.47% over the previous day. The cryptocurrency was worth $1.34 trillion on the market. As of this writing, Ethereum’s price on the market for alternative currencies had declined by 2.54% to $3,854.68, giving it a market worth of $462.93 billion.

The trading volume of ETH reached $17.60 billion, a 37.73% rise. Binance Coin (BNB), on the other hand, rose 5.61% to $521.25, defying the downward trend. Additionally, its 24-hour trading volume increased by 127.41% to $5.71 billion. Solana’s price dropped by 4.05% to settle at $141.35. SOL’s trading volume, on the other hand, rose by 35.39% to $3.95 billion in the last day. After the decline, the price of XRP dropped below $0.62. While XRP’s trading volume increased by 11.98% to $1.76 billion, its price decreased by 2.52% to $0.61.

Bitcoin and Altcoins Experience Market Fluctuations

Decline in Meme Tokens

In addition, Cardano’s price dropped to $0.7142 today, a 2.99% decrease. The 24-hour trading volume of ADA reached $723.09 million, a 19.48% gain. Not only did the values of the biggest cryptocurrencies rise, but so did popular meme tokens. As Shiba Inu, its competitor, saw a price reduction of 7.35% to $0.00003242, Dogecoin saw a 5.84% decline to $0.1681. Pepe Coin (PEPE), an established meme cryptocurrency, also experienced a large decline today. As of this writing, Pepe Coin’s market worth was $3.53 billion, with a price decline of 8.89% to $0.000008381. Furthermore, its 24-hour trading volume dropped to $1.26 billion, a 20.23% decline.

Recently popular cryptocurrency Pyth Network (PYTH) recorded an impressive 20% increase and ranked among the top crypto gainers. PYTH’s price rose by 19.78% to $0.8291 during the report. Moreover, its trading volume saw a substantial increase of 317.39% to $513.31 million. Additionally, PYTH Network’s cryptocurrency reached an all-time high of $0.8934 amidst the recent rally.

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Johnathan DoeCoin

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