Crypto Market Suffers as Bitcoin Stumbles
Release: 2024/02/12 15:19 Reading: 511
You can also read this news on BH NEWS: Crypto Market Suffers as Bitcoin Stumbles
The cryptocurrency market experienced a widespread downturn, with Bitcoin’s value influencing a dip across various digital currencies. The market saw Bitcoin fail to maintain its position above the $48,000 mark, leading to a ripple effect that affected the second-largest cryptocurrency, Ethereum (ETH), which slid below the $2,500 threshold.
Persistent Downward Trend Hits Major Altcoins
As Bitcoin’s value wavered, Ethereum wasn’t the only major altcoin to feel the heat. Notable cryptocurrencies like Ripple (XRP), Solana (SOL), and Cardano (ADA) recorded losses, reflecting the overall drop in the crypto sector. Despite the fall in prices, Bitcoin managed to keep its market cap near $944.54 billion, while Ethereum’s market value adjusted to a lower figure of $1.86 billion.
The struggle wasn’t isolated to these two giants as other cryptocurrencies like Binance Coin (BNB) and Solana marked decreases in their respective values. BNB’s price dropped to $319.95, while Solana managed to stay above $100 despite a 3.46% price drop. Ripple’s XRP saw a modest decline, with a slight surge in its trading volume.
Meme Tokens Join the Downtrend
The adverse effects extended to meme-inspired tokens as well. Cardano faced a 4.44% decline in price, and Dogecoin and Shiba Inu also recorded drops. Pepe Coin, another well-known meme coin, was not spared from the market’s downturn.
Overall, the 24-hour window unveiled a bearish pattern for cryptocurrencies, with Bitcoin leading the pack. Although trading volumes for certain coins have increased, it was not enough to prevent the market valuation of various cryptocurrencies, including Pepe Coin, from shrinking. Concerns regarding the crypto market’s stability are mounting as investors witness the fluctuations in digital asset prices.
The post first appeared on BH NEWS: Crypto Market Suffers as Bitcoin Stumbles
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 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