Bitcoin experienced a 24-hour plunge of 1.61%, reaching $27,602.81. Despite the drop in price, its one-day volume saw an increase of 55.77% to $18.69 billion, while its market cap decreased by 1.64% to $538.20 billion.
Other altcoins also faced declines. Ethereum’s price fell by 3.55% to settle at $1,665.02, despite a 35.40% increase in its one-day volume to $7.93 billion. Solana‘s price dropped by 1.64% to $23.72 coupled with a 12.11% decrease in its 24-hour volume, which reached $628.34 million. XRP followed suit with a decline of 2.12% to $0.5117.
In the meme coin sector, Dogecoin recorded a 1.63% slump, trading at $0.06221 with its volume jumping 34.29% to $259.43 million, while Shiba Inu slipped by 3.38% to $0.000007297.
As a result of these movements, the global cryptocurrency market experienced a 1.86% loss, amounting to a total valuation of $1.09 trillion on Tuesday. Despite the overall market decline, the total market volume increased by 26.50%, reaching $43.83 billion.
While major cryptocurrencies were on a downward trend, some coins managed to buck the trend on Tuesday.
Pepe Coin, one of the more popular meme coins recently, saw its price fall by 8.51% to $0.0000007366. Its market cap mirrored this decline and was at $288.73 million, while its 24-hour volume rose 46.22% to $92.79 million.
Bitcoin SV, on the other hand, traded at $40.27, marking a gain of 12.05% over the last 24 hours. Its market cap was at $775.66 million and its volume skyrocketed 250.8% to $221.31 million.
EOS also recorded gains, with its price up 2.59% to $0.6136, and its market cap at $677.63 million. The crypto’s volume increased by 60% in the last 24 hours to reach $92.28 million.
dYdX saw a jump of 1.67%, trading at $2.06. The crypto’s volume increased by 110.77% to $69.65 million in the last 24 hours, and its market cap rose 1.65% to $379.46 million.
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Source: Cryptocurrency - investing.com
