The cryptocurrency market is experiencing a significant downturn, with Bitcoin trading below $65,000 as per CryptoRank, a top analytic firm. As a result, many of the top ten cryptocurrencies are showing declines.
Ethereum has dropped 8.25%, Dogecoin is down 6.74%, and Toncoin has fallen by 4.94%. This widespread decline has led to a decrease in market capitalization, now at $2.42 trillion, a drop of 4.27%.
Despite the bearish trend, Bitcoin’s dominance has risen slightly to 52.35%, up 1.12%. The Fear & Greed Index indicates market sentiment is leaning towards greed, currently at 68.
Ethereum, a leading player in the crypto space, is priced at $3,162.48 as of this writing. The token’s 24-hour trading volume is approximately $22.42 billion. However, Ethereum has faced a significant drop of 8.79% in the last 24 hours.
Similarly, Dogecoin is trading at $0.1237, with a trading volume of $913.66 million. Dogecoin’s price has decreased by 7.31% over the same period. Toncoin, trading at $6.60, has seen a 5.31% decline in the last 24 hours, with a trading volume of $270.62 million.
Bitcoin Faces Market Pressure Amid Mt. Gox Distribution: Key Levels to WatchWhile the top cryptocurrencies struggle, several smaller tokens have shown remarkable gains. BILL THE BEAR (BILL) has surged by 45.7%, reaching a price of $0.000046. Its trading volume is $19.02 million, reflecting a 39.26% increase in the last 24 hours.
Oasys (OAS) has also performed well, with a 32.7% rise, bringing its price to $0.0479. The trading volume for Oasys is $23.01 million, and it has seen a 14.33% increase recently.
District0x (DNT) is up 14.5%, currently priced at $0.0436, with a trading volume of $4.06 million. This marks a 10.63% increase over the past day.
Kendu Inu (KENDU), however, is down 11.98%, trading at $0.000002. Its trading volume stands at $10,893.68. Beta Finance, in contrast, managed an 8.68% increase, valued at $0.060180, with a trading volume of $13,539,736.
