Categories: MarketsMenafn

Bitcoin, SOL, and BNB Dip, ETH and XRP Pump

 

The crypto market witnessed mixed price actions with notable price corrections from leading cryptocurrencies while others rallied briefly.

Following the negative trend in crypto prices over the last day, the global crypto market capitalization declined by 1.37% in the previous 24 hours, sitting at $2.39 trillion as of writing, according to data provided by CoinMarketCap.

Nonetheless, the market recorded an overall trading volume of $64.58 billion, a slight increase of 3.05% over the past 24 hours.

Bitcoin Dips Following U.S Government’s Sell-off

The last day saw Bitcoin adopt a downside trajectory as the coin struggled resiliently under pressures induced by the U.S. government’s massive sell-off yesterday.

The world’s largest cryptocurrency tumbled massively below the $69000 mark it achieved yesterday as the U.S. government reportedly sold off $2 billion worth of Bitcoin. Notably, Bitcoin is trading at $66268, a decrease of 1.60% over the last day.

SOL and BNB also mimicked this negative momentum as their prices plunged by 2.66% and 0.89%, respectively. SOL and BNB are trading at $180 and $574, respectively, as of writing time.

Bitcoin still dominates the crypto market with 54.8% of the total market capitalization. Meanwhile, 81% of investors still think of the coin as bullish.

ETH and XRP soar

In a surprising turn of events, Ethereum and XRP were seen defying the negative trend looming in the crypto market today as Ethereum surged a bit while XRP recorded gains of more than 5%.

Over the last 24 hours, Ethereum has recovered most of its losses as of the early hours, surging decently by 1.11% to $3318. XRP, on the other hand, surged the most, trading at $0.6297 as of writing time. This represents an increase of 5.75% over the last day.

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

FBI Raids Polymarket’s Founder in Investigation Over U.S. Betting

Federal agents seized electronics from Polymarket CEO Shayne Coplan’s New York apartment early Wednesday morning,…

4 hours ago

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…

1 day ago

Trade Crypto Smartly with Brezlin Estates LLC

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

1 day 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…

1 day 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…

2 days 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…

2 days ago