Market Overview: Bitcoin Trades Below $61K as Top Cryptos Plunge into Red Zone

• Bitcoin trades below $61K, representing a -1.05% decline in the last 24 hours and -5.30% over the past 7 days.
• Solana, Toncoin, and Ethereum prices drop, contributing to a 0.94% decrease in market capitalization to $2.38T.
• Top gainers include Biaoqing (+38.4%), Ordiswap (+34%), and REI Network (+27.7%), despite overall market downturn.

CryptoRank, a crypto analyst, recently stated that Bitcoin is trading below $61,000, and the top 10 cryptocurrencies are showing losses. Solana (SOL) fell by 1.66%, Toncoin (TON) by 1.21%, and Ethereum (ETH) by 1.05%. The market’s total value is now $2.38 trillion, a decrease of 0.94%. Bitcoin’s dominance has slightly increased to 50.68%.

The Fear & Greed Index indicates a fear level of 30. Top gainers include Biaoqing (BIAO) with a 38.4% increase, Ordiswap (ORDS) up by 34%, and REI Network (REI) rising by 27.7%.

At press time, Solana (SOL) is priced at $142.44, with a 24-hour trading volume of $2.22 billion, recording a 1.80% decline in the last day, but a 6.08% increase over the past 7 days. Toncoin (TON) is priced at $7.55, with a 24-hour trading volume of $265.99 million.

Ethereum (ETH) continues to trade at $3,391.51, with a trading volume of $10.70 billion in the last 24 hours. It has seen a 1.36% drop in the last day and a 2.92% decline over the past week.

Bitcoin (BTC) itself is trading at $60,877.18, with a 24-hour trading volume of $21.95 billion. This reflects a 1.05% decline in the last 24 hours and a 5.30% decline over the past week. 

Despite the overall market downturn, some crypto assets have shown significant gains. Biaoqing (BIAO) has increased by 38.4%, with a current price of $0.01507 and a 24-hour trading volume of $4.70 million. 

However, BIAO has seen a 45.84% decline over the past week. Ordiswap (ORDS) has risen by 34% and is priced at $0.05373, with a 24-hour trading volume of $7.84 million. ORDS has also experienced a 27.05% increase over the past 7 days. 

With a 27.7% increase, REI Network (REI) is trading at $0.0622. The volume of trades in a day is $34.98 million. This is a rise of 18.69% from the previous week. Both Akropolis (AKRO) and Rarible (RARI), which had increases of 23.4% and 20.6%, respectively, were also very successful.