Today’s crypto market shows a mixed picture for top cryptocurrencies. Bitcoin’s price remained stable, while Ethereum (ETH), XRP, and Cardano (ADA) saw gains.
Cryptocurrency prices saw some ups and downs today. Bitcoin (BTC) held steady above $52,000, showing little movement. However, Ethereum (ETH) continued its upward trend, breaking past the $2,800 mark for the first time in two years. Alongside Ethereum, other major altcoins like XRP and Cardano (ADA) also experienced notable gains during this period.
Bitcoin Holds Above $52,000 Mark
Bitcoin’s price maintained its position above the $52,000 level, a milestone achieved after two years. However, at the time of writing on Friday, February 16, the Bitcoin price saw a slight decrease of 0.04%, settling at $52,261.91. Despite this, its trading volume experienced a notable decline of 17.09% to $35.80 billion over the last 24 hours. Nonetheless, Bitcoin boasted a market cap of $1.02 trillion.
Altcoin Movement
Turning to altcoins, Ethereum (ETH) witnessed a gain of 1.74%, reaching $2,844.20, with a market valuation of $341.79 billion. However, its trading volume dropped by 6.36% to $22.29 billion. Binance Coin (BNB) surged by 5.96%, hitting $361.37 in value, with a remarkable 24-hour trade volume spike of 60.69% to $1.71 billion.
Solana (SOL) traded above $110 despite a pullback, experiencing a 2.85% decrease to settle at $113.41. Additionally, SOL witnessed an 8.89% plunge in trade volume to $2.34 billion in the last 24 hours. On the other hand, XRP surpassed the $0.57 level, recording a gain of 4.36% to settle at $0.577, while its trading volume surged by 26.45% to $1.83 billion.
Meanwhile, Cardano (ADA) observed a hike of 4.81% to $0.6095, accompanied by a 24.19% surge in its 24-hour trading volume, settling at $776.44 million.
Meme Coin Market Impact
As the top cryptocurrencies showed mixed price actions, meme coins were also affected. Dogecoin (DOGE) witnessed a decline of 0.50% to $0.08644, while its competitor, Shiba Inu (SHIB), registered a 1.09% gain in value, trading at $0.000009961.
Pepe Coin Records Decline
Pepe Coin (PEPE), a prominent meme cryptocurrency, experienced a decline in price today. At the time of reporting, the price of Pepe Coin dropped by 3.77% to $0.000001236. Its market valuation stood at $520.67 million, accompanied by a significant decrease in 24-hour trade volume, plummeting by 38.01% to $140.44 million.
VeChain Emerges as Top Gainer
VeChain (VET) saw a remarkable surge, emerging as the top gainer in today’s cryptocurrency market. The price of VeChain skyrocketed by 31.09% to $0.04949. Additionally, its trade volume experienced a substantial increase, soaring by an astounding 529.36% to $841.09 million. VeChain continued to achieve new highs amid the ongoing rally.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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