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Monday’s early trading session saw a decline in the price of Bitcoin, while other prominent cryptocurrencies traded in a range. Since the FTX crisis in November 2022, Bitcoin’s weekly drops have been at their worst. The ongoing legal and regulatory conflicts have an impact on cryptocurrency prices.
Bitcoin’s (BTC) price, was quite bearish today and was still below the $30,000 threshold at $26,079.88, and down by around 1% since yesterday. Other well-known altcoins, Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), and Solana (SOL), also experienced losses on the other side of the border.
Ethereum is trading at $1,677.7, with almost 1% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed over 1.68% increase. Solana also faced a reduction, with its price plummeting by 1.37%. On the other hand, Polygon (MATIC), which traded on green lines a few days back, is down by more than 0.24% since the last day. Polkadot coin price saw a decrease of almost 1% in its price, in one day.
The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed a decrease of around 0.83%, while Shiba Inu’s token price is down by almost 1.32%, in the last 24 hours.
The crypto market today is primarily bearish with few exceptions. The global crypto market cap stands at $1.06 trillion. The 24-hour crypto market volume is $21.84 billion, with a 9% decrease.
The top 4 cryptos for today are:
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Litecoin (LTC) is up by 3.07%
The price of Litecoin is witnessing a bullish momentum. The price is up by more than 3% in the last 24 hours. At the time of writing, the price stands at $66.40. It has a global market cap of $4,898,515,056. After the blockchain’s most recent halving on August 2, 2023, the Litecoin mining sector was allowed to continue its upward trend. In addition to being constant, the blockchain’s mining difficulty recently reached a record high, demonstrating steady ecosystem expansion.
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Monero (XMR) is up by 2.66%
Monero token price is up by more than 2% in the last 24 hours and now its price stands at $147.84. It has a global market cap of $2,708,549,579. Monero’s durability in the cryptocurrency market was highlighted by the recent increase in its price. Additionally, it confirms its place among the best DeFi coins.
Also Read: Dogecoin Developer Threatens to Quit if Switch to PoS is Conceived
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Hedera (HBAR) is down by 5.71%
HBAR token price is down by more than 5% in the last 24 hours. It is trading at $0.06076. It has a global market cap of $1,997,999,228. Since the start of the market collapse, HBAR has been profitable and the price decrease is recent. HBAR saw a considerable rise, particularly after Aug. 14, when word circulated that the Federal Reserve’s FedNow had added Dropp, a Hedera-based micropayments platform, as a service provider.
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Pepe Coin is down by 0.36%
Pepe coin price is down by almost 1% in the last 24 hours. It is trading at $0.000001124, at the time of writing. It holds a global market cap of 440.33 million. According to Santiment, there have been ups and downs in PEPE’s social volume over the past 30 days. This indicates that there was a significant arbitrary search for the token on some days. It wasn’t a huge deal on previous days.
Also Read: BTC Price Falls Under This Crucial Support, Next Bitcoin Target $20,350
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