Crypto Market Update: Bitcoin and Ethereum Experience Declines

• Bitcoin and Ethereum face notable declines in the last 24 hours.
• Solana, XRP, and Dogecoin also experience significant downward movement.
• BULLA and Planet IX rise amidst broader crypto market downturn.

The cryptocurrency market saw a downturn in the past 24 hours, with Bitcoin and Ethereum both experiencing significant declines. Bitcoin dropped by 6.7%, now priced at $82,315.58, with a 24-hour trading volume of $86.5 billion. Similarly, Ethereum saw a decline of 8.0%, with its price falling to $2,716.94 and a trading volume of $45.2 billion. These losses come amidst a wave of investor uncertainty, as major coins face pressure from the broader market.

Also Read: Dogecoin Faces Major Drop: Is the Crypto’s Bull Run Over? Here’s What You Need to Know

Solana and XRP also face downward movement

Solana and XRP, two of the other leading cryptocurrencies, followed the trend and experienced similar declines. Solana decreased by 7.6%, bringing its price down to $114.03, with a trading volume of $7.7 billion. XRP, a coin known for its loyal community, dropped by 7.5%, with its price now sitting at $1.74. Other notable coins, including Dogecoin and BNB, also faced downward pressure. Dogecoin fell by 7.2%, while BNB declined by 6.7%. The recent drops in these coins have caused concern among traders and investors, who are closely monitoring market trends.

Smaller market coins like BULLA and Planet IX buck the trend

Despite the downturn in major cryptocurrencies, some smaller market coins have managed to show strong performances. BULLA, ranked 882, surged by 64.7%, reaching $0.1098. Planet IX (AIX) also experienced a rise of 48.9%, now priced at $0.2285. These lesser-known tokens have attracted attention from investors looking for alternatives to the top-tier coins.

The crypto market is currently facing a dip, with Bitcoin, Ethereum, Solana, XRP, BNB, and Dogecoin all seeing declines in the past 24 hours. While the major coins are experiencing setbacks, altcoins like BULLA and Planet IX are showing significant gains. As the market continues to fluctuate, investors remain cautious, watching for signs of a potential reversal or further declines.

Also Read: RWA INC Forms Strategic Partnership to Accelerate RWA Tokenization in UAE

The post Crypto Market Update: Bitcoin and Ethereum Experience Declines appeared first on 36Crypto.