The crypto market is experiencing a mixed performance today, with leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) facing slight declines, while some altcoins show promising gains. Here are the latest highlights:
Bitcoin and Ethereum Lead Market Trends
Bitcoin (BTC) is down by 1% today, trading at $105,368. The daily low and high were recorded at $105,004 and $108,269, respectively. Bitcoin’s market capitalization stands at $2.09 trillion, with a trading volume of $70 billion. The market dominance remains stable at 56.63%. According to SoSo Value data, BTC ETFs saw an outflow of 247 million BTC on Tuesday, with Fidelity leading the pack at 128 million BTC. Grayscale’s GBTC registered an 84 million BTC outflow, while BlackRock’s ETF data is still awaited.
Ethereum (ETH) has dropped by 4%, trading at $3,869. The daily range for ETH was between $3,836 and $4,040. Its market capitalization is $466 billion, accompanied by a trading volume of $35 billion. Ethereum’s market dominance is 12.67%. In contrast to Bitcoin, ETH ETFs observed an inflow of $10 million, with Grayscale contributing $4.45 million and Fidelity adding $4 million. BlackRock’s ETF data remains pending.
Altcoins on the Move: XRP, Solana, and Meme Coins
XRP is among the top gainers, rising by 3% in the last 24 hours to $2.55. It recorded a daily low and high of $2.463 and $2.717. XRP’s market cap surged to $146 billion, with a trading volume of $17 billion, making it the third-largest cryptocurrency by market cap.
Solana (SOL) also saw a 2% increase, trading at $218. The daily low and high were $213 and $228. Solana’s market cap is $104 billion, with a trading volume of $6 billion.
In contrast, meme coins struggled across the board. Dogecoin (DOGE) dropped 3% to $0.39, while Shiba Inu (SHIB) fell by 4% to $0.00002609. Other notable meme coins like PEPE, BONK, and WIF faced losses ranging from 2% to 6%, reflecting a corrective phase in this segment of the market.
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Top Gainers and Losers of the Day
Pudgy Penguins (PENGU) emerged as the biggest winner, skyrocketing by 550% to $0.03 after its launch by Binance.
Bitget Token (BGB) also made significant gains, rising by 17% to $4.18. This surge followed Bitget’s announcement of obtaining a Bitcoin service provider license from El Salvador’s Central Bank.
On the downside, Lido DAO (LDO) recorded a 9% drop, trading at $2.08, with a daily low and high of $2.05 and $2.31. Similarly, Aptos (APT) fell by 8%, closing at $12.89 after hitting a daily low of $12.72 and a high of $14.36.
Market Outlook
Despite the overall mixed trends, specific altcoins are capturing investor attention with positive momentum. However, broader market conditions suggest short-term pressure, and investors are advised to monitor critical levels closely for potential opportunities.
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Disclaimer
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
