/ Explore today’s crypto market correction: Bitcoin slides to $42,181.12, Ethereum to $2,241.36, and BTT & INJ make strong surge.
Author: Nilesh Hembade.Date:11 Dec 2023, 10:47 AM IST
In the wake of a new week, the cryptocurrency market is witnessing corrections, with Bitcoin (BTC) and Ethereum (ETH) prices taking a dip today.
Decline in Bitcoin (BTC) and Ethereum (ETH):
Following a bullish trend last week that saw Bitcoin’s price climb from $40,000 to $44,000 within seven days, the pioneer cryptocurrency experienced a slight setback, dropping by -4.04% in the last 24 hours and currently trading at $42,168.76. Despite this correction, Bitcoin’s market cap remains substantial at $825 billion, and it has shown a positive weekly gain of +3.03%.
Similarly, Ethereum (ETH) is currently priced at $2,242.26, down by -4.77% in the last 24 hours, with a market cap of $269 billion.
On a contrasting note, two altcoins are making waves today:
BitTorrent (BTT):
As reported yesterday, the BitTorrent (BTT) token has experienced an impressive surge of 25.58% in the last 24 hours, reaching a value of $0.000001346. The market cap for BTT now stands at $1.2 billion, reflecting a remarkable weekly surge of 172.99%.
Injective (INJ):
Injective (INJ) is showing resilience in the face of market corrections, with its price rising by +17.27% in the last 24 hours, reaching $22.37. The market cap for Injective (INJ) stands at $1.8 billion, showcasing a weekly surge of 28.35%.
These contrasting movements in the cryptocurrency market highlight the dynamic nature of digital assets, where certain tokens are able to capitalize on market fluctuations to secure notable gains while others experience corrections.