The cryptocurrency market is going through a volatile period with sharp weekly corrections. Bitcoin (BTC) fell below $97,000, while leading altcoins such as Ethereum (ETH), XRP, and Solana (SOL) experienced significant losses. Likewise, meme coins continued their downward trend, which increased investors’ expectations of a recovery.
Leading Cryptocurrencies: Bitcoin and Ethereum
Bitcoin (BTC) is currently trading at $96,760 and has lost 1% in the last 24 hours. BTC recorded its lowest level of the day at $96,457 and its highest level at $99,538. Bitcoin’s market cap is at $1.91 trillion, with a trading volume of $50 billion. Despite this, Bitcoin ETFs received an inflow of $449 million this week. In addition, US Senator Cynthia Lummis’ statement that the country will hold a strategic Bitcoin reserve for 20 years has made positive contributions to the long-term outlook of the market.
Ethereum (ETH) is trading at $3,321 and the price is down 4% in the last 24 hours. ETH's daily low was $3,294 and its high was $3,554. Ethereum's market cap is around $400 billion. Ethereum saw a $62 million increase in weekly ETF inflows.
XRP is currently trading at $2.20 and is down 3% in the last 24 hours. It reached a low of $2.10 and a high of $2.38 during the day. XRP’s market cap has dropped to $126 billion.
Solana (SOL) is trading at $182 today and is down 7% in the last 24 hours. SOL’s low for the day was $178 and its high was $201.
Meme coins also lost value, following the general market decline. Dogecoin (DOGE) is down 3% to $0.3179, while Shiba Inu (SHIB) is down 4% to $0.00002166. Other meme coins, PEPE, BONK, and WIF, are down between 3% and 12%. However, analysts say Shiba Inu has the potential to recover.
was the best performing crypto asset today. HYPE was trading at $34.67, up 8% in the last 24 hours. The lowest level of the day was recorded at $30 and the highest level was recorded at $35. Hyperliquid, which has shown a rapid rise since its launch, reached $34.71 in three weeks, increasing its market value to $10 billion. HYPE, which attracts the attention of investors, stands out as an asset expected to continue its upward trend.
Dogwifhat (WIF) was the worst-performing crypto asset today. WIF is trading at $1.88, down 13% in the last 24 hours. Its intraday low was $1.80 and its high was $2.24.
Ethena (ENA) is another crypto asset that is losing today. ENA is trading at $1.02, down 11%, with intraday lows of $0.99 and highs of $1.21.
