Crypto Market Sees Mixed Movements Post ETF Launch
Release: 2024/01/12 16:44 Reading: 902
You can also read this news on BH NEWS: Crypto Market Sees Mixed Movements Post ETF Launch
Following the launch of a new Exchange-Traded Fund (ETF), the cryptocurrency market exhibited a positive trend on Friday, with Bitcoin leading a rise that also influenced altcoins. Despite the introduction of a $1.5 billion spot Bitcoin ETF in the US, the market experienced over $230 million in liquidations within 24 hours, highlighting the volatile nature of the market as indicated by CoinGlass data.
Bitcoin’s price dipped below $46,000 after a 0.84% decrease in the last 24 hours, trading at $45,982, while the market cap exceeded $900 billion. The trading volume saw a significant drop of around 17%, falling to $43.2 billion.
Ethereum, the leading altcoin, bucked Bitcoin’s trend with an increase of over 1% in the last 24 hours, climbing to $2,615. However, its trading volume decreased by more than 36%, settling at $19.2 billion.
Tether (USDT) experienced a notable dip to $0.99, temporarily losing its $1 peg. BNB saw a rise of over 2% to $312.75, while Solana fell below $100. XRP and Avalanche (AVAX) recorded slight increases to $0.59 and $38, respectively.
Pepe Coin faced a sharp decline of over 6% in the last 24 hours, with its market value retracting to $561 million and its trading volume dropping by more than 14% to $208 million. Amidst these fluctuations, the global crypto market cap rose by approximately 0.6% to $1.76 trillion, with the Fear and Greed Index indicating a high level of investor interest at 73.
The post first appeared on BH NEWS: Crypto Market Sees Mixed Movements Post ETF Launch
Recent news
More>- Trump’s Revolution Solana Memecoin Will Surge 13,000% Before First Exchange Listing, As Shiba Inu and DOGE Lag 11-23
- Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 (22 Nov) 11-23
- New Solana Memecoin Shiba Eats Pepe to Skyrocket 16,000% Before Exchange Listing, as Dogecoin and Bonk Fall 11-23
- Top Trader Calls Dogecoin Budget XRP — Here's Why 11-23
- PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? 11-23
- $1k in Dogecoin in 2021 Worth $200,000 Today, Analyst Points to a New Opportunity to Repeat It 11-23
- $440 in Dogecoin (DOGE) Could Turn Into $44000 by November 2025, But One DOGE Alternative Will Do It in 8 Weeks: Surprisingly, It’s Not Shib... 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com