Yesterday was tumultuous for traders in the global cryptocurrency markets. Major digital assets showed volatility, while overall trading volume rose.
Status of Major Cryptocurrencies
Prices of Bitcoin, Ethereum, and Solana showed volatile trends. Ripple (XRP) stood out with an 11% increase, while Dogecoin (DOGE) also rose by 4% to $0.3778. Conversely, Shiba Inu (SHIB) faced a 9% decline.
Top Gainers and Losers of the Day
BONK surged by 30% to $0.00003397, Stellar (XLM) increased by 14%, and FLOKI gained 8%. Meanwhile, FET dropped by 21%, ranking among the biggest losers.
Impact of Political Events
The pro-crypto stance of the U.S. House of Representatives is boosting optimism in the sector. Traders are closely monitoring the crypto market fluctuations to assess opportunities and risks.
Despite volatility, overall trading activity in crypto markets increased. Traders continue to monitor political factors impacting digital assets.
