Categories: MarketsMenafn

Bitcoin Dips to $67000, Altcoins Steady

Despite the recent market rallies, the crypto market has trailed negatively today as Bitcoin and altcoins record daily shortages of about 1%.

Following today’s bearish trends, the total market capitalization for all cryptocurrencies has fallen to $2.41 trillion, a decrease of 1.45% over the last day. However, the overall market volume surged significantly to $68.63 billion, a 26.35% increase within 24 hours.

This surge in the market’s overall trading volume suggests that trading activities are picking up, posing the market for a potential bullish momentum.

Bitcoin, Ethereum, and BNB Bearish

Bitcoin (BTC), Ethereum (ETH), and BNB have traded bearish yet stable over the past 24 hours. However, SOL and XRP have traded in the green zone, recording decent gains, not up to 2% over the last day.

As of press time, the world’s largest cryptocurrency by market capitalization decreased by 1.50% over the last day. The coin is trading at $67,704, an 8.18% decline from the $73,750 all-time high it achieved three months ago. 

Nonetheless, Bitcoin retained its dominance over the crypto market, leading with 55.5% of the total market capitalization, while Ethereum comes second with 16.3%.

SOL and XRP Pumps

Alongside Bitcoin, Ethereum and XRP had decreased by less than 1% over the last day, trading at $3266 and $580, respectively. However, SOL and XRP recorded daily gains of  $1.14% and 0.57%.

With these slight price differences, Solana and XRP increased to $184 and $0.6025, respectively. Solana’s ability to defy the negative market trend comes as no surprise, as the coin had shown signs of significant growth, outperforming the layer one landscape with notable increases over the week.

Nonetheless, market sentiments for both Bitcoin and Ethereum have remained positive, with a slight reduction in the bullish sentiment votes for Bitcoin. 

According to social metrics from LunarCrush, 78% of sentiment votes on Bitcoin are bullish, and 86% of sentiment votes on Ethereum are bullish, indicating strong confidence among investors despite today’s negative market performance. 

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Coinbase’s Wrapped Bitcoin Hits $1B Market Cap in Record Time

With a market value of $1 billion in just 57 days since its launch, wrapped…

9 hours ago

Trade Crypto Smartly with Brezlin Estates LLC

Discover why Brezlin Estates LLC is your best choice for crypto trading. From cutting-edge tools…

12 hours ago

PIDOG: The Meme Coin Set to Revolutionize the Pi Network Ecosystem

Introducing PIDOG, the meme coin that's taking the crypto world by storm, combining the playful…

12 hours ago

Profit.com Launches All-in-One App for Smarter Investing

London, United Kingdom, 13th November 2024, ZEX PR WIRE, In today’s fast-paced financial markets, Profit.com…

21 hours ago

Bitcoin Overtakes Silver in Market Cap, Eyes $90K with $2.8 Billion in Futures

Bitcoin has officially, albeit briefly, surpassed silver in market capitalization, making it the world’s eighth-largest…

21 hours ago

Solana’s Open Interest Hits New All-Time High as Price Hovers Around $210

After high-performance blockchain Solana (SOL) saw its total market capitalization surpass the $100 billion mark…

1 day ago