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Bitcoin and Major Altcoins Dip While Low-Cap Tokens Surge in 24-Hour Trade

1y ago•
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  • Bitcoin slips as traders pause after strong early-week momentum.
  • Low-cap tokens like QKA and PUNDLE dominate daily gainers list.
  • Ethereum, Dogecoin, and Solana decline amid reduced investor activity today.

Bitcoin (BTC) recorded a slight decline in the last 24 hours, falling by 0.6% to $118,770. Despite holding above the key psychological level of $118,000, selling pressure increased during the session, leading to reduced momentum. BTC was performing relatively well in the market with a trading volume of more than $44 billion.


Ethereum (ETH) lost 0.6 percent and went to $3,803.90. Its staked equivalent, Lido Staked Ether (STETH), also declined unanimously by 0.6 percent to trade at the value of $3,800.77. The trading in both tokens was cooling down following steady weekly increases.


XRP (XRP) recorded a 0.5% decline, which was priced at $3.14. Meanwhile, BNB (BNB) dropped by a greater percentage of 0.7% to close at the price of $832.75, with a decline in demand for assets revolving around Binance continuing.


Also Read: PENGU Skyrockets Past DOGE on Upbit as Price Targets $0.052 Breakout


Solana (SOL) fell by 0.4 percent over the past 24 hours and is currently trading at $184.67, and the altcoin holders have been trading carefully.


Dogecoin (DOGE) was the worst performer among top cryptocurrencies, tumbling by 0.8 percent to $0.228. The meme-centered cryptocurrency appeared to be losing its traction despite a good beginning to the week. Cardano (ADA) also fell by 0.6%, so its price is trading at $0.7942 due to lower inflows.


Wrapped Bitcoin (WBTC), linked to the Ethereum network and with its price tracking that of BTC, decreased by 0.7 percent to $118,645, following the general trend in Bitcoin.


Low-Cap Tokens Outshine the Market With Sharp 24-Hour Gains

While major assets declined, several low-cap tokens posted substantial gains. Qkacoin (QKA) led the rally, soaring by 134.4% to $2.45 with growing retail interest.


Pepe Bundle (PUNDLE) rose 60.6% to $0.04606 on increasing speculative demand.


Ribbita by Virtuals (TIBBIR) was up 36.4 percent and is currently priced at $0.1147. Block (BLOCK) rose 29.5 percent to $0.2447, with gearbox (GEAR) up 28.9 percent to $0.004734. SQD (SQD) is now closed, 28.8 percent up to a price of $0.1976.


The market over 24 hours revealed a distinct difference between more prominent cryptocurrencies and smaller tokens. Major assets dropped slightly, and low-cap coins led the scene as they initiated high prices, most of which were induced by retail speculation.


Also Read: XRP Alert: What Warren Buffett Just Did Has Everyone in Shock


The post Bitcoin and Major Altcoins Dip While Low-Cap Tokens Surge in 24-Hour Trade appeared first on 36Crypto.

1y ago•
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