Bitcoin, Ethereum, and XRP Decline: These 3 Altcoins Are Soaring!

The cryptocurrency market continues to experience turbulence, with investors facing growing uncertainty. While Bitcoin (BTC) remains around the $85,000 mark, the altcoin market is witnessing increased volatility. Most assets, including meme coins, are trading in the red, but some projects are defying the trend. Notably, Ethena (ENA) has emerged as a strong performer, showcasing an impressive rally.

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Bitcoin, Ethereum, and Solana Face a Downturn

The total market capitalization of cryptocurrencies has dropped by approximately 1%, settling at $2.82 trillion. Additionally, total trading volume saw a significant 9.5% decline, signaling rising investor concerns. Despite discussions regarding Bitcoin reserves and digital asset regulations in the U.S., sentiment remains cautious. Even a recent crypto summit hosted by former U.S. President Donald Trump failed to provide a positive push to the market.

Bitcoin recorded a 1.5% decline, trading at $85,939. Throughout the day, BTC fell to a low of $85,247, while hitting a high of $91,070. According to Coinglass data, $298.7 million worth of BTC liquidations took place within the last 24 hours. Additionally, Bitcoin’s market dominance dropped slightly by 0.08%, settling at 60.27%.

Ethereum Sees a Minor Dip

Ethereum (ETH) also experienced a slight setback, dipping 0.5% to trade at $2,147. The asset hit an intraday low of $2,107.73, while reaching a high of $2,254.23. In the past 24 hours, Ethereum liquidations amounted to $57.14 million, though its market dominance remained stable at 9.1%.

Meanwhile, XRP recorded a notable 5% decline, dropping to $2.36. The asset touched a daily low of $2.33 while briefly surging to $2.56. XRP liquidations over the past 24 hours reached $18.96 million. Furthermore, speculation arose among traders as Ripple whales reportedly moved 180 million XRP across wallets.

Solana (SOL) wasn’t spared either, dropping by 1% to $140.24. The asset fluctuated between $137.87 and $150.02, with liquidations totaling $18.02 million.

Meme Coins React, But One Stands Out

Among meme coins, Dogecoin (DOGE) showed a slight decline, trading at $0.1982, while Shiba Inu (SHIB) dropped 1%, landing at $0.00001306. However, Pepe Coin (PEPE) managed to buck the trend, rising 3% to $0.000006931.

Which Altcoins Are Rising?

Despite the broader market downturn, several altcoins demonstrated strong resilience. Leading the pack, Ethena (ENA) surged by 17%, reaching $0.4388. Meanwhile, Litecoin (LTC) posted a 5% gain, climbing to $106.15. Additionally, Decentraland (MANA) saw an impressive 5% increase, trading at $0.2921.

However, not all projects shared this positive momentum. Kaspa (KAS) plummeted 8%, settling at $0.06757, while Quant (QNT) lost 7%, dropping to $76.82. Similarly, Jito (JTO) recorded a 7% decline, trading at $2.48.

The crypto market’s volatility remains a focal point, with investors closely monitoring price movements. As uncertainty looms, traders will be watching key support and resistance levels to determine potential market trends.

Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

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