The cryptocurrency market is following a mixed trend today. While Bitcoin (BTC) and Ethereum (ETH) prices are down between 1% and 3%, altcoins from US-based projects such as XRP, Stellar (XLM) and Hedera (HBAR) have gained between 3% and 6% in the last 24 hours. This shows that despite the general market decline, some altcoins are gaining positive momentum. Here are the details…
Bitcoin (BTC) price fell 1% today to $105,368. The lowest value during the day was $105,004, and the highest value was $108,269. Bitcoin's market value reached $2.09 trillion, while its trading volume reached $70 billion. Market dominance remained stable at 56.63%. According to SoSo Value data, BTC ETFs experienced an outflow of $247 million on Tuesday. Fidelity led with an outflow of $128 million, while Grayscale's GBTC recorded an outflow of $84 million. BlackRock's ETF data has not yet been announced.
Ethereum (ETH) is trading at $3,869, down 4%. The lowest and highest values during the day were recorded as $3,836 and $4,040, respectively. Ethereum's market value fell to $466 billion, while its trading volume increased to $35 billion. Its market dominance is at 12.67%. ETH ETFs saw a total inflow of $10 million. Grayscale accounted for $4.45 million of this inflow, while Fidelity received an investment of approximately $4 million. BlackRock's ETF data is still awaited.
XRP has gained 3% in the last 24 hours, rising to $2.55. Its lowest value during the day was $2,463 and its highest value was $2,717. XRP’s market cap has reached $146 billion, putting it in third place in terms of market cap. Its trading volume is also at $17 billion.
Solana (SOL) price is also trading at $218, up 2% in the last 24 hours. The lowest value during the day was recorded at $213, and the highest value was $228. Solana's market value is $104 billion, and its trading volume is around $6 billion.
Meme coins are showing a general downtrend in the market. Dogecoin (DOGE) is down 3% to $0.39, while Shiba Inu (SHIB) is down 4% to $0.00002609. Other popular meme coins such as PEPE, BONK, and WIF are down between 2% and 6%. This suggests that the meme coin market is undergoing a correction and that there are losses along with general market volatility.
Pudgy Penguins (PENGU) is the top cryptocurrency with a massive 550% increase in the last 24 hours. Currently trading at $0.03, this token was launched by Binance. Bitget Token (BGB) is one of the top gainers with a 17% increase and is trading at $4.18. This increase came after Bitget received a Bitcoin service provider license from the Central Bank of El Salvador.
Lido DAO (LDO) was the biggest loser of the day, falling 9% to $2.08. Its lowest value during the day was recorded as $2.05, and its highest value was $2.31. Aptos (APT) was another notable loser, falling 8% to $12.89. Its lowest value during the day was determined as $12.72, and its highest value was determined as $14.36.
While short-term pressures are observed in the market in general, a correction is especially experienced on meme coins and some altcoins. However, some projects still continue to make significant gains. We are in a period where investors should carefully monitor market dynamics and shape their strategies accordingly.
