/ Discover the latest news of crypto market: Bitcoin deeps to $57K, while Zetachain, Jito , and Axelar showing gains.
Author: Nilesh Hembade
Date: 02 May 2024, 09:43 AM IST
On the morning of Thursday, the cryptocurrency market showed an overall green scenario in altcoins and memecoins, even after a major drop in Bitcoin (BTC) in the last 48 hours. The price of Bitcoin has dropped from $64,422 to a low of $56,441 in the last 48 hours.
As we told yesterday, Bitcoin dropped to the target of $57K yesterday, and now If the bearish momentum continues, we can see Bitcoin reach the next support level of $52K.
Meanwhile, coming on to top gainers, the prices of top crypto coins ZetaChain (ZETA), Jito (JTO), and Axelar (AXL) are surging the most today.
Bitcoin (BTC) and Ethereum (ETH) Prices:
Bitcoin (BTC): The price of Bitcoin experienced a 4.38% decline, settling at $57,492 over the past 24 hours, with a total market capitalization of $1.13 trillion.
Ethereum (ETH): Ethereum saw a decrease of 2.53%, trading at $2,931, with a market cap of $357 billion.
Top Gainers:
- ZetaChain (ZETA): ZetaChain exhibited remarkable resilience, witnessing a surge of 12.24% in the past 24 hours, reaching $1.32. The market cap of ZETA tokens stands at an impressive $360 million, and over the last seven days, ZETA has soared by an impressive 11.42%.
- Jito (JTO): FTX Token demonstrated its strength with a 10.67% increase, reaching $3.25. The market cap for JTO stands at $392 million.
- Axelar (AXL): Axelar showcased a notable performance, climbing by 9.26% to $1.18. The market cap for AXL tokens stands at $770 billion.
While Bitcoin navigates through a challenging phase, investors continue to explore alternative avenues within the crypto market, seeking assets with the potential for growth and stability.
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