Today’s crypto market shows a mixed picture for top cryptocurrencies. Bitcoin’s price remained stable, while Ethereum (ETH), XRP, and Cardano (ADA) saw gains.
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Cryptocurrency prices saw some ups and downs today. Bitcoin (BTC) held steady above $52,000, showing little movement. However, Ethereum (ETH) continued its upward trend, breaking past the $2,800 mark for the first time in two years. Alongside Ethereum, other major altcoins like XRP and Cardano (ADA) also experienced notable gains during this period.
Bitcoin Holds Above $52,000 Mark
Bitcoin’s price maintained its position above the $52,000 level, a milestone achieved after two years. However, at the time of writing on Friday, February 16, the Bitcoin price saw a slight decrease of 0.04%, settling at $52,261.91. Despite this, its trading volume experienced a notable decline of 17.09% to $35.80 billion over the last 24 hours. Nonetheless, Bitcoin boasted a market cap of $1.02 trillion.
Altcoin Movement
Turning to altcoins, Ethereum (ETH) witnessed a gain of 1.74%, reaching $2,844.20, with a market valuation of $341.79 billion. However, its trading volume dropped by 6.36% to $22.29 billion. Binance Coin (BNB) surged by 5.96%, hitting $361.37 in value, with a remarkable 24-hour trade volume spike of 60.69% to $1.71 billion.
Solana (SOL) traded above $110 despite a pullback, experiencing a 2.85% decrease to settle at $113.41. Additionally, SOL witnessed an 8.89% plunge in trade volume to $2.34 billion in the last 24 hours. On the other hand, XRP surpassed the $0.57 level, recording a gain of 4.36% to settle at $0.577, while its trading volume surged by 26.45% to $1.83 billion.
Meanwhile, Cardano (ADA) observed a hike of 4.81% to $0.6095, accompanied by a 24.19% surge in its 24-hour trading volume, settling at $776.44 million.
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Meme Coin Market Impact
As the top cryptocurrencies showed mixed price actions, meme coins were also affected. Dogecoin (DOGE) witnessed a decline of 0.50% to $0.08644, while its competitor, Shiba Inu (SHIB), registered a 1.09% gain in value, trading at $0.000009961.
Pepe Coin Records Decline
Pepe Coin (PEPE), a prominent meme cryptocurrency, experienced a decline in price today. At the time of reporting, the price of Pepe Coin dropped by 3.77% to $0.000001236. Its market valuation stood at $520.67 million, accompanied by a significant decrease in 24-hour trade volume, plummeting by 38.01% to $140.44 million.
VeChain Emerges as Top Gainer
VeChain (VET) saw a remarkable surge, emerging as the top gainer in today’s cryptocurrency market. The price of VeChain skyrocketed by 31.09% to $0.04949. Additionally, its trade volume experienced a substantial increase, soaring by an astounding 529.36% to $841.09 million. VeChain continued to achieve new highs amid the ongoing rally.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
