The crypto market kicked off the week with a mix of movements, with some coins trading in the green zone and others in the red, as shown on the CoinMarketCap crypto heat map. In the past 24 hours, the global crypto market cap has increased by 0.06% to reach $2.58 trillion. Furthermore, the total trading volume during this period has surged by 30% to $67.98 billion, with stablecoins accounting for a significant 90% of the 24-hour volume of the entire crypto market.
Bitcoin, with a dominance of 52%, has experienced a price slump, while Ethereum has seen a spike thanks to the recent approval of an ETH spot ETF by the Securities and Exchange Commission. Now, let’s take a closer look at the prices of some of the top cryptocurrencies in the market.
Bitcoin, the flagship cryptocurrency, has witnessed a drop in the last 24 hours. According to data from CoinMarketCap, the current price of BTC is $68,754, representing a 0.91% decrease within the recorded time. Additionally, the 24-hour trading volume has increased by 19% to $18.6 billion, and the live market cap stands at $1.35 trillion.
On the other hand, Ethereum, the second-largest cryptocurrency by market cap, has moved in the opposite direction. According to CMC data, the price of ETH has increased by 3.41% to reach $3,933. Moreover, its trading volume over the past day has surged by 74.8% to $18 billion, while maintaining a market cap of $472.2 billion. ETH has traded between the lows and highs of $3,781 and $3,948 in the last 24 hours.
Meanwhile, XRP, the trending cryptocurrency, has experienced a dip. In the past 24 hours, the price of XRP has dropped by 1.17% to trade at $0.52. However, its trading volume tells a different story, as it has grown by 27.4% to $774.8 million. The price range for XRP in the last day has been between $0.5243 and $0.5378.
In the memecoin space, Dogecoin (DOGE), the largest memecoin by market cap, has also plummeted in the last day. Fresh data shows that the price of DOGE has declined by 2.65% to $0.166, trading between the lows and highs of $0.1646 and $0.171. Dogecoin’s 24-hour trading volume has also dropped significantly by 39.5% to $1.05 billion, with a live market cap of $24 billion.
Shiba Inu (SHIB), the second-largest memecoin, has joined in the dip frenzy. The price of SHIB has declined by 0.7% in the last 24 hours to trade at $0.00002492. Its trading volume has also dropped by 8% to $351 million, trading between the lows and highs of $0.00002421 and $0.0000249.
Now, let’s turn our attention to the top trending gainers today. Among them, we can find tokens like BounceBit (BB), a BTC restaking infrastructure that provides a foundation for various restaking products. It has surged by 30.63% to trade at $0.694, with a live market cap of $284.3 million.
Notcoin (NOT), the play-to-earn token integrated into the TON ecosystem, has jumped by 18.59% over the past day, trading at $0.006. NOT now has a live market cap of $616.3 million.
Pepe (PEPE), the popular memecoin, has continued to maintain its position as one of the top gainers. Fresh data shows that the price of PEPE has surged by 12.24% to trade at $0.00001692. Additionally, its market cap has climbed to $7.1 billion after a 10.9% surge, solidifying its position as the third-largest memecoin in the market.
