/ Discover the latest insights of the crypto market today: Bitcoin (BTC) price falls after hitting ATH, While MYRO, LUNA and STRK leading rally.
Author: Nilesh Hembade
Date: 06 Mar 2024, 10:33 AM IST
Amidst the bullish tides of the cryptocurrency market, Wednesday morning brought a mix of news investors. While Bitcoin (BTC) saw a dip in its price, slipping below the $64,000 mark after reaching its all-time high of $69,000 the previous day, other digital assets experienced notable surges. This rollercoaster ride left many on the edge of their seats, closely monitoring the developments in the crypto sphere.
Notably, Bitcoin (BTC), along with Ethereum (ETH), faced a downturn, with BTC witnessing a 6.15% decrease to $63,764, and ETH sliding by 3.98% to $3,588 over the past 24 hours. This downturn also affected several other major cryptocurrencies including ETH, BNB, SOL, ADA, and XRP, all experiencing sharp declines in their prices during this period.
However, amidst the sea of red, there were a few shining stars that caught the attention of investors and traders alike. Myro (MYRO), Luna (LUNA), and Starknet (STRK) emerged as the frontrunners, exhibiting remarkable surges in their respective values.
1.Myro (MYRO):
The trending memecoin, Myro (MYRO), stole the spotlight with an astounding surge of 99.07%, reaching $0.3164 in the last 24 hours. This surge propelled the market cap of MYRO to $271 million, reflecting a remarkable ascent in its valuation. Notably, over the past seven days, MYRO has experienced a staggering surge of +298%.
2.Luna (LUNA):
Terra (LUNA) witnessed a significant upswing, gaining by 43.09% to reach $1.193 in the last 24 hours. This surge elevated the market cap of LUNA to $818 million, marking a substantial increase in its value. The surge in LUNA came amidst news of Do Kwon’s successful appeal against extradition to the US to face fraud charges, further fueling optimism among investors regarding the project’s future prospects.
3.Starknet (STRK):
Starknet (STRK) also experienced a noteworthy surge, climbing by 11.45% to $2.285 in the last 24 hours. With a market cap of $1.66 billion, STRK showcased resilience amidst the broader market downturn, attracting attention for its potential in the burgeoning Web3 ecosystem.
While Bitcoin’s decline may have temporarily dampened overall market sentiment, the surges witnessed in MYRO, LUNA, and STRK highlight the dynamic nature of the cryptocurrency market.