You can also read this news on COINTURK NEWS: Crypto Prices Decline as Bitcoin and Major Altcoins Struggle
Today, cryptocurrency prices prompted negative expectations among global market observers. Bitcoin (BTC) dropped to around $66,000 within a day, while Ethereum (ETH) , Solana (SOL), and XRP saw declines ranging from 3% to 6%. Simultaneously, the global cryptocurrency market capitalization decreased by 2.48%, currently standing at $2.27 trillion. However, the total market volume increased by 45.66%, reaching $105.01 billion.
The price of Bitcoin traded at $66,805 after a decline of about 2%, with its daily low recorded at $65,521.79 and a high of $68,722.16. This increase in Bitcoin’s market dominance to 58.31%, up by 0.47%, indicates a significant drop in the altcoin sector.
Ethereum’s price fell by 3% to $2,449, while Solana declined from $165 to $160.04. XRP also experienced a 3% decrease, closing at $0.5109, with Ethereum’s market capitalization today noted at $295.12 billion.
The price of Dogecoin (DOGE) dipped by 4% to $0.1337, and Shiba Inu (SHIB) fell by 6% to $0.00001675. Additionally, PEPE, WIF, and BONK also experienced declines of up to 8%.
Monero (XMR) and Tether Gold (XAUt) saw price increases of 0.5%, reaching $158.13 and $2,761, respectively. Conversely, Wormhole (W) lost 12%, Celestia (TIA) dropped by 15%, and Raydium (RAY) declined by 11%.
Recent hourly charts showed a slight uptick in BTC, ETH, SOL, and XRP, increasing investor interest in crypto prices. Closely monitoring market trends plays a crucial role in investment decisions.
Fluctuations in the cryptocurrency market present both opportunities and risks for investors. Analyzing market movements and making informed decisions is vital for investment success.
The post Crypto Prices Decline as Bitcoin and Major Altcoins Struggle appeared first on COINTURK NEWS.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.