The cryptocurrency market faced significant losses over the past 24 hours, as Bitcoin, Ethereum, and other major assets slipped while smaller tokens moved in the opposite direction.
Decline of Bitcoin and Ethereum
Bitcoin (BTC) dropped 2.5% in the last day, falling to $111,987. Despite high trading activity of $44.26 billion, the decline reduced its recent upward momentum. Ethereum (ETH) followed a similar pattern, losing 2.6% to trade at $4,638 with a daily volume of $44.02 billion.
Altcoins Continue to Drop
Other major altcoins extended the negative trend. BNB (BNB) fell 0.6% in the past day to $866.86, while Solana (SOL) declined 2.1% to $203.27. Dogecoin (DOGE) saw the steepest decline among leading assets, dropping 4.0% to $0.2232.
Smaller Tokens Show Gains
While large-cap cryptocurrencies declined, smaller tokens stood out with notable rallies. Donkey (DONKEY) surged 85.3% to $0.06424, and Ontology (ONT) gained 44.9% to $0.1988. Additionally, Qtum (QTUM) advanced 29.6% to $3.18.
The crypto market is experiencing a challenging period, with significant assets like Bitcoin and Ethereum facing declines, while smaller tokens continue to present interesting opportunities for investors.
