Bitcoin Dips Below $110,000 as Altcoins Soar with Massive Gains – Here’s What You Missed!

• Bitcoin, Ethereum face decline; altcoins like SQD and Derive surge.
• SQD, Wrapped XPL, and Derive post massive daily gains in altcoins.
• XRP, Binance Coin dip while emerging altcoins show strong growth.

Bitcoin (BTC) faced a decline in the past 24 hours, slipping by 1.9% to $109,635. Over the past week, the cryptocurrency has seen a drop of 6.3%, reducing its market capitalization to just above $2.18 trillion. Despite the dip, Bitcoin continues to dominate the market, though its recent price action has raised concerns among traders.

Ethereum (ETH) also followed Bitcoin’s downward trajectory, falling 1.6% in the last 24 hours to $3,947.90. In the past week, Ethereum has recorded a significant 13.2% drop, with its market cap now near $476 billion. Despite the decline, Ethereum remains a key player in the crypto space.

XRP experienced a the same scenario by losing 3.1% in the last 24 hours to trade at  $2.77. Over the past seven days, XRP dropped 9.3%, pushing its market cap below $165 billion. Binance Coin (BNB) followed suit, falling 4.6% over the day and is now priced at $947.21.

Also Read: Trending: SWIFT’s Latest Announcement Sparks Reaction From XRP Community

Altcoins Lead the Charge with Incredible Growth

While the top cryptos faced declines, a number of altcoins surged, catching the attention of investors. SQD emerged as a top performer, soaring 73.1% in just 24 hours, now trading at $0.1339. Wrapped XPL (WXPL) also surged by an incredible 69.3%, reaching $1.25.

Derive (DRV) wasn’t far behind, increasing by 45.7% to $0.05025, showing the growing interest in lesser-known tokens. Additionally, 0xy (0XY) grew by 35.5%, reaching $0.07256, while Baby Shark Universe (BSU) saw a 35.4% increase to $0.2699. Diverge Loop (DLC) added to the momentum, climbing 30.8% to $0.09595.

Although Bitcoin and Ethereum experienced price declines, several altcoins have proven to be the stars of the day. With massive gains in coins like SQD, Wrapped XPL, and Derive, it’s clear that the crypto market is still full of opportunities. The recent surge in altcoins highlights the unpredictable nature of the market, and savvy investors are looking beyond the top names to capitalize on these emerging trends.

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