Crypto Prices Today: Bitcoin (BTC) Price Plunges Over 5%, PEPE Crashes While ARB Gains
Crypto Prices Today: The cryptocurrency market went through bouts of losses on Thursday, as Bitcoin and other major digital assets slipped into the red. The leading cryptocurrency, Bitcoin, erased all Tuesday wins, but prices still topped the crucial level of $43,000.
Almost all of the top 10 cryptocurrencies by market cap showed a similar downward spiral. The price drop came amid reports that the US Securities and Exchange Commission (SEC) could back-pedal on plans to approve spot Bitcoin exchange-traded funds (ETFs) — including that of Wall Street titan BlackRock.
Bitcoin’s price plunged over 5% over the last 24 hours to $43,059, falling further from the recent peak above $45,500 reached earlier this week, which marks the largest digital asset’s highest point in nearly 21 months. The market cap of Bitcoin fell to $843.8 billion while trading volumes jumped over 57% to $47 billion.
Ethereum — the second largest crypto — slid over 6% over the last 24 hours to $2,226, with its market capitalization shrinking to $267.6 billion. Trading volume stood at $19.7 billion, up 83% over the last 24 hours.
Smaller tokens also took a beating, except Tether up 0.05%, and BNB up 1.6%. Solana (SOL) tanked over 6% in the last 24 hours to below $101, XRP shed more than 8% to $0.58, while Cardano (ADA) price plunged over 8% to $0.56. Memecoins were also swimming in the red, with both Dogecoin and Shiba Inu crashing over 9%.
With Bitcoin and other cryptocurrencies slipping Thursday, the global crypto market tumbled nearly 5% to $1.65 trillion. The fear and greed index level stood at 67, indicating subdued investor sentiment.
Top 3 Cryptos For Today
Pepe Coin Drops Over 11%
The price of Pepe Coin crashed over 11% over the last 24 hours to $0.000001211, sending its market cap tumbling to $511.7 million. However, its trading volume over the last 24 hours was up nearly 156% to $184.4 million.
-
Pepe Coin Price Chart
Kaspa (KAS) Crashes Over 11%
In line with the broader crypto market upheaval, KAS price plummetted over 11% to $0.104 over the last 24 hours. This was also reflected in its market cap, which slid to $2.3 billion. The 24-hour trading volume surged by a whopping 100% to over $73.3 million.
-
KAS Price Chart
Arbitrum (ARB) Price Rallies Over 4%
The price of Arbitrum was up 4.4% over the last 24 hours to $1.97. The token has appreciated nearly 23% in the last seven days and is sitting at a market cap of $2.5 billion. Trading volumes were at $3.2 billion, up 144% over the last 24 hours.
Also Read: US SEC Can Give Bitcoin ETF Issuers Approval Notice By Jan. 5
- Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details
- Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations
- Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada
- Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown
- Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
