The start of the new week has brought a downtrend in global crypto market prices. CoinMarketCap’s heat map reveals that most tokens in the market are trading in the red zone. As a result, the overall crypto market capitalization has experienced a significant 2.47% drop to $2.31 trillion in the past 24 hours. Additionally, the total trade volume in the crypto market has surged by a notable 14% to $60.71 billion.
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and XRP, which are some of the top coins in the market, have all recorded price declines within the given timeframe. Let’s take a look at the price trends for these cryptocurrencies on April 29.
Bitcoin, the leading cryptocurrency, has started the week with a 2.09% decrease in its price over the past 24 hours. According to CoinMarketCap data, the current price of Bitcoin is $62,397. Furthermore, Bitcoin’s 24-hour trading volume stands at $21.9 billion, indicating a 24.1% increase compared to the previous day. The market cap for BTC now stands at $1.22 trillion.
Moving on to Ethereum (ETH), the second-largest cryptocurrency by trade volume, it has also been affected by the downward trend. The Ethereum price is currently trading at $3,138, reflecting a 5.18% decline in the past 24 hours. However, its trading volume has increased by 7% during this period to $13.9 billion, with a live market cap of $381 billion.
Solana (SOL) has experienced a 4.71% price drop in the last day, with its current trading price at $135.79. Additionally, Solana’s trading volume has also decreased by 7.94% to $2 billion. As a result, SOL now has a market cap of $6.2 billion.
Among the top ten cryptocurrencies, Dogecoin (DOGE) has suffered the most significant loss at the time of writing. CMC data shows that the price of Dogecoin has dipped by 5.11% to trade at $0.1404. Similarly, its market cap has declined to $20.3 billion, with a 24-hour trading volume of $910 million.
At press time, the price of XRP has dropped by 2.38% to trade at $0.507. This decline coincides with the SEC’s filing deadline in the case against Ripple, the token issuer. Moreover, XRP’s trading volume has surged by 74% to $1.02 billion in the past 24 hours, with a live market cap of $27.9 billion.
Despite the overall market downtrend, some cryptocurrencies have displayed resilience and significant surges. Some of these tokens include Panda Swap (PANDA), which has surged by 14% in the past 24 hours to trade at $0.010. Additionally, its trading volume during this period has grown exponentially by 597% to $4.1 million, with a live market cap of $8.7 million.
Another notable gainer is Helium (HNT). The Helium Network has recorded the most gains, with the HNT price surging by 16.72% to $5.48. Its 24-hour trading volume stands at $72.6 million, representing a 243% increase in the past day, with a live market cap of $882 million.
In summary, the global crypto market has started the week with a downtrend in prices. While major cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, and XRP have experienced declines, some tokens like Panda Swap and Helium have shown resilience and significant surges.
