{"id":222730,"date":"2024-01-03T09:52:22","date_gmt":"2024-01-03T04:22:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-retreats-altcoins-follow-suit-while-kas-surges-crypto-news\/"},"modified":"2024-01-03T09:52:25","modified_gmt":"2024-01-03T04:22:25","slug":"bitcoin-retreats-altcoins-follow-suit-while-kas-surges-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-retreats-altcoins-follow-suit-while-kas-surges-crypto-news\/","title":{"rendered":"Bitcoin Retreats, Altcoins Follow Suit While KAS Surges – Crypto News"},"content":{"rendered":"

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Red was the dominant color all over the cryptocurrency charts on Wednesday morning. The OG cryptocurrency Bitcoin fell, retreating from the nearly two-year high but prices were still hovering around the peak of the recent rally.<\/p>\n

Other cryptocurrencies followed suit, leaving crypto investors jittery. However, Bitcoin\u2019s recent price surge has spurred calls for a new crypto bull market, buoyed by expectations that the US Securities and Exchange Commission (SEC) will approve<\/a> a spot Bitcoin exchange-traded fund (ETF) by Jan 10.<\/p>\n

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Bitcoin price<\/a> slid 0.36% over the last 24 hours to $45,256, with its market capitalization at $886.54 billion. The 24-hour trading volume, however, jumped nearly 28% to $32.7 billion.<\/p>\n

Beyond Bitcoin, Ethereum \u2014 the second largest crypto \u2014 fell 0.82% to $2,368. At press time, its market capitalization stood at $284.67 billion. Ether\u2019s trading volume over the last 24 hours surged over 37% to $11.68 billion.<\/p>\n

Other tokens were also weak, with Tether price<\/a> down 0.05% and BNB off 2.08%. Solana plunged over 3% in the last 24 hours to below $108 while XRP shed more than 1%. Memecoins also fell, with Dogecoin dropping 1.34%, and Shiba Inu sliding 1.78%.<\/p>\n

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The drop in prices of cryptocurrencies was reflected in the global crypto market, which slid nearly 0.47% to $1.73 trillion. However, the fear and greed index level stood at 74, indicating investor sentiment is greed, meaning they\u2019re still keen on buying.<\/p>\n

Top 3 Cryptos For Today<\/h2>\n

Pepe Coin<\/h3>\n

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The price of Pepe Coin has fallen over 4% over the last 24 hours to $0.000001367, sending its market cap tumbling by over 4% to $574.5 million. However, its trading volume over the last 24 hours was up nearly 3% at $73.14 million.<\/p>\n