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Crypto Price Today: Bitcoin Steady at $100K; Shiba Inu Down 4.54%
Crypto Price Today: The cryptocurrency market continues to display its characteristic volatility as major coins show mixed trends. With Bitcoin hovering slightly below $100,100 and Ethereum maintaining modest gains, the market remains a blend of cautious optimism and bearish sentiment. Below is a detailed breakdown of today's price movements, gainers, and losers, providing insights into the cryptocurrency landscape.
Top Cryptocurrencies by Market Cap
Bitcoin (BTC)
Bitcoin, the largest cryptocurrency by market capitalization, is trading at $100,072.92, reflecting a 0.68% decline over the last 24 hours. However, its 7-day performance shows a 2.29% gain, indicating resilience despite short-term fluctuations. The trading volume remains robust as investors closely watch Bitcoin's movement near the psychological $100,000 level.
Ethereum (ETH)
Ethereum has managed a slight upward movement, trading at $3,923.56, with a 0.32% increase in the last 24 hours. Over the past week, Ethereum has posted a 0.96% gain, showcasing its steady performance. The cryptocurrency's role in decentralized finance (DeFi) and its growing ecosystem continue to support its value.
Ripple (XRP)
XRP is trading at $2.34, experiencing a significant 4.37% drop over the past 24 hours. Over the week, XRP has declined by 1.61%, reflecting cautious market sentiment. Despite the dip, XRP remains a key player in cross-border payment solutions, with strong institutional backing.
Solana (SOL)
Solana’s price currently stands at $226.57, down by 1.49% in the last 24 hours. Over the week, it has faced a 5.88% decline, highlighting challenges in sustaining its momentum. Solana’s high-performance blockchain continues to attract developers and investors, though short-term volatility persists.
Polkadot (DOT)
Polkadot is trading at $9.08, marking a 3.65% decline in the last 24 hours. The 7-day performance shows a sharp 15.07% drop, reflecting significant selling pressure. Polkadot’s innovative approach to interoperability among blockchains remains its key strength despite the recent downturn.
Shiba Inu (SHIB)
Shiba Inu, one of the leading meme tokens, is trading at $0.000028, showing a 4.54% decline over the last 24 hours. Its 7-day performance indicates a 9.38% drop, aligning with the broader trend among meme-based cryptocurrencies.
Biggest Gainers of the Day
1. Lido DAO (LDO): Leading the gainers’ list, LDO is up 13.59%, trading at $2.29. The token’s rise reflects growing interest in liquid staking solutions.
2. Virtuals Protocol (VIRTUAL): VIRTUAL has increased by 12.41%, trading at $2.17, driven by innovations in decentralized protocols.
3. Aave (AAVE): AAVE gained 9.88%, reaching $381.62, benefiting from its strong position in the DeFi lending sector.
4. Ethereum Name Service (ENS): ENS rose by 7.21% to $43.54, reflecting increased interest in decentralized domain services.
5. Core (CORE): CORE recorded a 6.52% rise, trading at $1.39, showcasing its appeal in layer-1 blockchain solutions.
6. Maker (MKR): MKR increased by 6.25%, trading at $2,110.64, driven by its integral role in the DeFi ecosystem.
7. Chainlink (LINK): LINK is up 5.90%, trading at $29.60, as demand for decentralized oracles grows.
8. Avalanche (AVAX): AVAX gained 5.86%, trading at $52.86, highlighting its potential in scaling blockchain applications.
9. Optimism (OP): OP rose by 3.81% to $2.57, reflecting positive sentiment around Ethereum scaling solutions.
10. Curve DAO Token (CRV): CRV is up 1.08%, trading at $1.21, benefiting from its strong presence in DeFi liquidity pools.
Biggest Losers of the Day
1. Algorand (ALGO): ALGO tops the losers’ list with a 10.90% decline, trading at $0.4201, amid concerns about ecosystem developments.
2. Bittensor (TAO): TAO fell by 10.31%, trading at $569.88, reflecting profit-taking after recent gains.
3. Movement (MOVE): MOVE is down 10.13%, trading at $0.6319, struggling to maintain traction in a volatile market.
4. Beam (BEAM): BEAM dropped 8.14% to $0.03563, aligning with broader market pressure on smaller-cap tokens.
5. Pepe (PEPE): PEPE, a popular meme token, declined by 7.69%, trading at $0.00002335, as speculative interest wanes.
6. Worldcoin (WLD): WLD fell by 7.19%, trading at $3.04, as questions about project adoption persist.
7. Fantom (FTM): FTM declined by 7.17%, trading at $1.21, despite its established position in the DeFi space.
8. Cronos (CRO): CRO dropped 7.09%, trading at $0.1849, facing headwinds in market adoption.
9. Bonk (BONK): BONK fell 6.91%, trading at $0.00003737, reflecting volatility in meme tokens.
10. Dogwifhat (WIF): WIF dropped 6.80%, trading at $2.91, showing reduced investor enthusiasm.
Today’s crypto price movements highlight the diverse nature of the cryptocurrency market, with each segment reacting to unique factors. While major coins like Bitcoin and Ethereum remain relatively stable, altcoins continue to experience heightened volatility. The contrasting performances of the biggest gainers and losers underscore the importance of monitoring individual project developments and market conditions.
As the market evolves, investors and traders are advised to stay informed about key trends and dynamics shaping the cryptocurrency landscape.
