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Today saw a significant downturn in the top cryptocurrency prices, with Bitcoin (BTC) nearing the $67,000 mark again after reaching an all-time high of $73,641.04.
Ethereum also experienced a decline in tandem, falling below the $3,600 threshold. Notably, other leading altcoins, including XRP and Cardano (ADA), faced substantial losses, while Solana (SOL) emerged as a standout performer amidst the bearish trend.
Major Price Movements
Bitcoin's price plummeted by over 7% today, reaching $67,348.89 at the time of writing on Friday, March 15. The cryptocurrency's trading volume surged by 50.70% to $72.34 billion within the last 24 hours, with a market capitalization of $1.32 trillion.
Similarly, Ethereum witnessed a decline of 7.41%, settling at $3,664.32, while its trading volume surged by 38.67% to $30.31 billion. Other notable altcoins like Binance Coin (BNB) and XRP experienced drops of 5.09% and 6.11%, respectively, while Solana defied the bearish trend with a surge of 5.61%, nearing the $180 level.
Cardano's price fell 4.25% to $0.7167 despite a notable spike in trading volume of 110.66%.
According to Coingape, the bearish downturn also affected popular meme coins, with Dogecoin witnessing an 8.70% decrease and Shiba Inu plunging by 8.83%.
A CNBC report says that one of the reasons for this dip is that investors hit the pause button on the rally, causing both Bitcoin and Ether to decline.
Pepe Coin Experiences a Significant Decline
Pepe Coin (PEPE), a meme coin that garnered attention, experienced a sharp decline of over 10% today. Despite a surge in trading volume, the cryptocurrency's price dropped to $0.000009116, with a market valuation of $3.83 billion.
Dogwifhat Emerges as Top Gainer
In contrast, Dogwifhat (WIF), a Solana-based meme cryptocurrency, saw an impressive rally of over 13%, ranking as the top gainer for two consecutive days. The price of Dogwifhat surged by 23.41% to $2.86, accompanied by a surge in trade volume. Amidst the rally, Dogwifhat reached a high of $3.49, showcasing remarkable performance amidst the market downturn.
Photo: Kanchanara/Unsplash
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