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Bitcoin, Pepe Coin, XRP Crash As Ethereum Rallies – Crypto News

Published

2 years ago

January 31, 2024

Dripp

The crypto prices today registered a bearish turn as Bitcoin (BTC) extended below $43,000 while major altcoins recorded significant losses as well. However, Ethereum (ETH), the second-largest crypto by market cap, witnessed a noteworthy upswing today. Whilst, the XRP price was hit massively as it plunged below $0.52.

Major Crypto Prices Today

The Bitcoin price tumbled below the $43,000 mark today due to recent bearish turn. The Bitcoin price slumped 1.21%, settling at $42,930.19 at the time of writing on Wednesday, January 31. On the other hand, it’s trading volume boosted by 1.92% to $22.84 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $842.03 billion

Looking at altcoins, the Ethereum price was up by 1.34% to $2,340.43 at press time with market valuation of $281.25 billion. Furthermore, ETH recorded a 10.90% hike in its trade volume, reaching $10.39 billion. In addition, the Binance Coin (BNB) price dipped 1.28% in value, reaching $306.82, while its 24-hour trade volume dropped by 8.74% to $765.24 million.

On the other hand, the Solana price tumbled by 1.54%, reaching $100.28. However, SOL soared by 25.91% in trade volume to $3.49 billion in the last 24 hours. Furthermore, the XRP price crashed significant. The XRP price witnessed a plunge of 4.90%, reaching $0.5103. On the contrary, XRP’s trading volume skyrocketed by 94.10% to $1.76 billion.

Meanwhile, the Cardano price slipped by 3.49% to $0.5111. Moreover, it recorded a 10.15% slump in its 24-hour trading volume, settling at $456.43 million. Meanwhile, in the meme coin market, the Dogecoin price dropped by 1.71% to $0.08008 while its competitor, Shiba Inu, registered a 1.86% dump and traded at $0.000009112

Also Read: Ethereum ETF Approval Could Boost ETH to $4K: Standard Chartered

Top Crypto Prices Today Are

Pepe Coin Crashes Hard

*Pepe Coin 1-day Graph, Source: CoinMarketCap*

The Pepe Coin (PEPE), one of the trending meme coins, crashed significantly. The Pepe Coin price was down by 7% to $0.0000009831 with a market valuation of $412.11 million. In contrast, its 24-hour trade volume surged by 31.88% to $76.32 million.

Render: The Top Crypto Gainer Today

*Render 1-day Graph, Source: CoinMarketCap*

The Render (RNDR) crypto, launched in 2017 by Jules Urbach, registered a massive profit on Wednesday. At press time, the Render price was up by 7.18% to $4.66, making RNDR the top gainer in the market today. Moreover, its trade volume spiked by a staggering 103.38% to $215.44 million.

Pyth Network Gains Over 6%

*Pyth Network 1-day Graph, Source: CoinMarketCap*

The Solana Ecosystem’s Pyth Network (PYTH) witnessed a notable uptick today. The PYTH price increased by 6.51% to $0.4214 at the time of reporting. In addition, its trade volume soared by a whopping 95.03% to $99.24 million. Moreover, Pyth Network recorded a high of $0.446 amid the rally today.

Also Read: Breaking: US SEC Chooses to Dismiss Lawsuit Against Debt Box