The crypto prices today recorded a strong bearish turn as Bitcoin (BTC) slumped lower than $42,000 while major altcoins registered notable losses as well. Moreover, Ethereum (ETH), the second-largest crypto by market cap, also slipped below the $2,300 level today. Furthermore, the XRP price was hit massively as it plunged below $0.50 during the session.
Major Crypto Prices Today
The Bitcoin price tumbled below the $42,000 mark today due to recent bearish turn. The Bitcoin price slumped 2.22%, settling at $41,978.95 at the time of writing on Thursday, Feburary 1. On the other hand, it’s trading volume boosted by 11.68% to $25.51 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $823.69 billion
In the altcoin space, the Ethereum price was down by 3.69% to $2,259.05 at press time with market valuation of $271.27 billion. However, ETH recorded a 6.95% hike in its trade volume, reaching $11.03 billion. In addition, the Binance Coin (BNB) price dipped 2.79% in value, reaching $298.61, while its 24-hour trade volume rose by 9.46% to $837.64 million.
Furthermore, the Solana price plunged by a massive 6.71%, reaching $93.71. However, SOL witnessed an 11.15% increase in trade volume to $3.87 billion in the last 24 hours. Furthermore, the XRP price crashed significantly. The XRP price recorded a dip of 2.54%, reaching $0.4972. In addition, XRP’s trading volume plummeted by 23.88% to $1.34 billion.
Meanwhile, the Cardano price slipped by 3.99% to $0.4919. On the contrary, it recorded a 3.30% hike in its 24-hour trading volume, settling at $472.02 million. Meanwhile, in the meme coin market, the Dogecoin price dropped by 1.84% to $0.07873 while its biggest rival, Shiba Inu, registered a 2.41% drop and traded at $0.000008993
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Top Crypto Prices Today Are
Pepe Coin Plunges 7%
The Pepe Coin (PEPE), a meme crypto, crashed significantly. At press time, the Pepe Coin price was down by 6.87% to $0.0000009112 with a market valuation of $412.11 million. In contrast, its 24-hour trade volume surged by 29.82% to $98.92 million.
SATS Crowned As Top Gainer Today
The SATS (1000SATS) crypto, a BRC-20 token, registered a significant profit on Thursday, considering the overall bearish trend. As of writing, the SATS price was up by 6.46% to $0.000524, making SATS the top gainer in the market today. Moreover, its trade volume spiked by a staggering 98.06% to $92.89 million.
Monero Keeps Rebounding From Recent Losses
The largest privacy crypto, Monero (XMR), has been on a rebounding spree after it lost significant value last month. The XMR price increased by 4.60% to $167.70 at the time of reporting. In addition, its trade volume soared by 13.04% to $100.18 million. Additionally, Monero recorded a high of $167.63 during the day.
Also Read: Ripple CEO Breaks Silence on Alleged Breach: No Wallet Was “Compromised”
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
