(12 June 2024, 11:01 AM IST):
Bitcoin in Bearish Radar; Pepecoin, RSS3, and Helium Bounce Back
On the morning of Wednesday, the cryptocurrency market is experiencing a bearish trend, with Bitcoin (BTC) and Ethereum (ETH) taking significant hits over the past 24 hours. Bitcoin’s price dropped to $66,000 before managing to recover slightly to trade above $67,000. Despite this recovery, Bitcoin remains under bearish pressure.
Currently, Bitcoin (BTC) is trading at $67,397, down by 0.70% in the last 24 hours, with a market capitalization of $1.33 trillion. Ethereum (ETH) has also seen a decline, dropping by 1.32% to $3,515, with a market capitalization of $422 billion.
Pepecoin, RSS3, and Helium Making Gains
1.Pepecoin (PEPE)
Pepecoin (PEPE), a leading memecoin, has defied the broader market trend and returned to a bullish trajectory. Over the past 24 hours, PEPE has surged by 10.57%, reaching $0.00001290. The market cap of Pepecoin now stands at $5.43 billion.
2.RSS3 (RSS3)
RSS3 (RSS3) has also been in the spotlight, with its price increasing by 8.47% to $0.3094. This surge has brought RSS3’s market cap to $300 million, highlighting its growing influence in the crypto space.
3.Helium (HNT)
Helium (HNT), known for Internet of Things (IoT) token, has seen a price jump of 7.12% over the last 24 hours, reaching $3.47. The market cap for Helium is now $556 million, reflecting its strong performance amid the broader market downturn.
Conclusion
While Bitcoin and Ethereum are navigating bearish waters, Pepecoin, RSS3, and Helium are showing impressive gains. These movements illustrate the dynamic and often unpredictable nature of the cryptocurrency market. As always, investors should stay informed and cautious in this volatile environment.