The last 24 hours brought significant volatility to the cryptocurrency market, with many leading assets seeing substantial declines while select altcoins gained attention.
Major Losses in the Cryptocurrency Market
In the past 24 hours, leading cryptocurrencies have experienced significant declines. Bitcoin (BTC) dropped by 3.5%, hitting $104,032. Ethereum (ETH) fell by 9.5%, now priced at $2,499.62, marking one of its steepest daily declines in recent weeks. Ripple’s (XRP) dropped by 6.8% to $2.10, while BNB (BNB) fell 3.0% over the same period to $647.73. TRON (TRX) also saw a decline of 0.7%, trading at $0.2723.
Outstanding Altcoin Performances
Despite the overall downturn, some altcoins recorded impressive gains. Aura (AURA) surged by 98.2% to $0.1568, with trading volume exceeding $68 million. Venom (VENOM) rose 32.0%, reaching $0.1734. BabyBoomToken (BBT) gained 20.5% to $0.7336, while Orbs (ORBS) increased by 20.0% to $0.02434.
Market Trend Analysis
The last 24 hours have shown clear divergence in the crypto market: while major cryptocurrencies like BTC, ETH, XRP, BNB, and TRX faced downward pressure, high-risk altcoins exhibited significant growth. This reflects a shift in trader interests and market dynamics.
The past day revealed contrasting trends in the cryptocurrency market. As traditional assets continued to decline, altcoins attracted trader interest due to powerful price movements, indicating changing market preferences.
