The cryptocurrency market experienced a sharp decline in the past 24 hours, with significant losses in leading assets and gains in some small altcoins.
Decline of Major Cryptocurrencies
In the cryptocurrency market, Bitcoin fell by 0.8%, reaching a price of $108,225. Ethereum also showed a 0.8% decline, dropping to $2,552.90 despite strength on a weekly basis. XRP decreased by 0.2% to $2.26, while BNB slipped by 0.3%, trading at $659.82. Solana saw a 1.5% loss to reach $149.21, and Cardano fell by 1.4% to $0.5778.
Rise of Small Altcoins
Despite the overall market decline, small altcoins like MemeCore and AMO Coin exhibited impressive gains. MemeCore surged by 70.3%, now trading at $0.1891. AMO Coin recorded a 65.8% increase, rising to $0.001401. Notably, Vicion rose by 37.9% and Cross by 31.5%.
Overall Market Trends
There is a growing divide between major cryptocurrencies and small-cap tokens. While top cryptocurrencies face pressure and decline, some minor altcoins are gaining investor attention, indicating a shift in market sentiment.
The cryptocurrency market remains volatile, with notable declines in leading coins and unexpected gains in small altcoins, highlighting the changeability of investment preferences.
