CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Cryptocurrency Market Faces Significant Value Drop
Table of Contents
Market Musing-g

Cryptocurrency Market Faces Significant Value Drop

BH NEWS
By BH NEWS
2 months ago
2 mins read
Cryptocurrency Market Faces Significant Value Drop
You can also read this news on BH NEWS: Cryptocurrency Market Faces Significant Value Drop
The cryptocurrency landscape is experiencing notable fluctuations today as Bitcoin (BTC) prices plummet to approximately $69,000. Various prominent altcoins, including Ethereum (ETH), Solana (SOL), and XRP, are also trading lower. The overall market capitalization has dipped by 3.76%, settling at $2.34 trillion, while total market volume has seen a rise of 5.29%, now at $92.45 billion.

In the last 24 hours, Bitcoin has lost 4% of its value, finishing at $69,289. Ethereum’s value has fallen to $2,498, with Solana and XRP witnessing declines between 1% and 5%. Interestingly, Celestia (TIA) has emerged as a standout performer, gaining approximately 5%, despite the market’s overall downturn.

Which Cryptocurrencies Are Performing Well?

The significant gainers today include Celestia, Kaia, and Maker, while Immutable, Dogwifhat, and BRETT experienced the steepest declines. Celestia’s price rose to $4.89, marking a 5% increase, while Immutable fell by 13% to $1.17.

Meme coins like Dogecoin and Shiba Inu are also feeling the pressure, with other coins such as PEPE, WIF, and POPCAT seeing drops between 4% and 8%.

– Spot Bitcoin and Ethereum ETFs gained traction with $32.14 million and $13.06 million invested, respectively.
– U.S. Securities and Exchange Commission (SEC) is currently reviewing Solana ETF applications.
– Recent hourly charts indicate a slight uptick in Bitcoin (0.13%) and Ethereum (0.19%).
– Market volatility urges investors to reassess their strategies in response to price fluctuations.

Current market conditions highlight the need for cautious strategies as major cryptocurrency price movements continue to sway overall market sentiment. Attention to volatility remains vital for navigating these challenging times.

Continue Reading: Cryptocurrency Market Faces Significant Value Drop
0 likes
|

Other articles published on Nov 1, 2024

Market Musing-g

2024 XRP Price Bull Run: Analyst States When to Start and End

Dark Defender (@DefendDark), a prominent crypto analyst on X, recently shared an updated XRP price analysis. The analyst noted that the digital asset is about to begin a massive bill run as the mar...
By Times Tabloid
2 months ago
3 mins read
Market Musing-g

Binance Labs’ Latest Investment: What is Moonwalk Fitness?

Built on the Solana blockchain, Moonwalk Fitness is designed to be user-friendly for non-crypto users, stripping away complexity while offering real-world rewards.
By BSCN
2 months ago
2 mins read
Market Musing-g

Top 5 Cryptocurrencies Shaping the Future: Spotlight on Qubetics, Polkadot, and More

Top 5 Cryptocurrencies Shaping the Future: Spotlight on Qubetics, Polkadot, and More The post Top 5 Cryptocurrencies Shaping the Future: Spotlight on Qubetics, Polkadot, and More appeared first on ...
By TheCoinrise Media
2 months ago
5 mins read
Market Musing-g

Cloudbet Data Shows Trump Leads in Crypto Betting Markets, Harris Odds Drop Ahead of 2024 U.S. El...

Willemstad, Curaçao, Netherlands, 1st November 2024, Chainwire
By ItsBitcoinWorld
2 months ago
4 mins read
Announcements

SingularityDAO Approves Merger With Cogito Finance and SelfKey Following SDAO Community Vote

SingularityDAO Approves Merger With Cogito Finance and SelfKey Following SDAO Community Vote
By selfkey
2 months ago
3 mins read
Market Musing-g

Altcoin’s Bold Path to Compete with Ethereum and Solana: Testnet Success and a Strong Roadmap Ahead

BlockDAG has been making big moves in the blockchain world, setting out to compete with giants like Ethereum and Solana by tackling some of the most pressing issues in the crypto space: scalability...
By Crypto News Land
2 months ago
8 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!