Cryptocurrency Market Update: Bitcoin Reverts Gains, Ethereum and Solana Dip, XRP in Green Zone
The cryptocurrency market today has been a rollercoaster ride for investors, with Bitcoin (BTC) seeing a reversal in gains to settle at $57K, while Ethereum (ETH) and Solana (SOL) faced volatility and dipped into the red zone. However, XRP managed to trade in the green zone, along with Stack (STX) and Lido DAO (LDO) emerging as the top gainers of the day.
The global crypto market cap experienced a slight decline of 0.56% to reach $2.12 trillion, with the total market volume also seeing a 1.49% decrease to $63.61 billion.
Bitcoin’s price fell by 1.17% to $57,461, with highs and lows of $57,093.71 and $59,359.43, respectively. Despite continued inflows into U.S. spot Bitcoin ETFs, investor concerns were sparked by BTC’s downward movement.
Ethereum held above $3K but saw a 0.25% dip to $3,078.63, facing resistance at the $3.2K level. Solana experienced a 1.50% decline to trade at $140.52, with speculation around the launch of a SOL ETF.
On the other hand, XRP rose by 0.58% to $0.4409, while Dogecoin (DOGE) and Shiba Inu (SHIB) prices dipped. Meme coins like BabyDoge Coin, Mog Coin (MOG), and Book of Meme (BOME) defied the trend and saw gains.
Among the top gainers of the day were Stacks (STX) with a 13.38% rally to $1.57 and Lido DAO (LDO) with a 6% surge to $1.64. Meanwhile, Notcoin (NOT) was the top loser, plunging by 7.18% to $0.01559.
Overall, the market saw mixed movements, with BTC and ETH gaining in the hourly time frame, sparking discussions about the future direction of the altcoin sector.