/ Explore the latest from crypto market today: Bitcoin and Ethereum takes a downturn today with bonk coin, Internet Computer (ICP) surging.
Author: Nilesh Hembade.
Date: 03 Jan 2024, 10:18 AM IST
In the aftermath of a bullish day in the crypto market, the scene took a turn towards the reddish spectrum on the morning of Wednesday. Bitcoin (BTC) and Ethereum (ETH), two of the market’s heavyweights, faced a downturn today, creating ripples in the digital currency landscape. Nevertheless, amid this market dip, some altcoins demonstrated remarkable resilience and surged ahead, with Internet Computer (ICP) and Mantle (MNT) leading the charge.
Bitcoin and Ethereum Prices:
Bitcoin (BTC), the pioneer cryptocurrency, witnessed a marginal decrease of 0.12% today, settling at $45,165 in the last 24 hours. Despite this dip, Bitcoin’s market cap remains robust at an impressive $884 billion. Ethereum (ETH), the second-largest cryptocurrency, is currently trading at $2,363, registering a 0.68% decline in the last 24 hours. Ethereum’s market cap stands at a substantial $284 billion.
Internet Computer (ICP) and Mantle (MNT) Showcase Strength:
1) Internet Computer (ICP):
The rally of Internet Computer (ICP) appears to be far from over, as the token’s price surged by a noteworthy 17.74%, reaching $15.62 in the last 24 hours. The market cap for ICP stands at an impressive $7.04 billion, reflecting a remarkable 220% surge in the last 30 days. Investors are closely monitoring ICP’s upward trajectory, and the coin’s resilience in the face of broader market trends is gaining attention.
2) Mantle (MNT):
In a notable display of strength, Mantle (MNT) also experienced a surge, with the MNT token marking a 4.08% increase in the last 24 hours, reaching $0.6816. The market cap for Mantle stands at a commendable $2.15 billion. Mantle’s positive performance underscores the diversity in the market, with some altcoins bucking the overall trend and gaining traction among investors.
Bonk (BONK) and Pepecoin (PEPE) Face Declines:
On the flip side, the prices of popular memecoins like Bonk (BONK) and Pepecoin (PEPE) faced a decline in today’s trading session. Bonk recorded a notable drop of -7.67% in the last 24 hours, while Pepecoin (PEPE) saw its value decrease by -3.37%. These fluctuations highlight the volatility and speculative nature of the memecoin sector, where rapid shifts in sentiment can impact prices.
As the crypto market continues its dynamic movements, investors find themselves navigating through a landscape of uncertainty. While Bitcoin and Ethereum remain influential, the diverse performance of altcoins such as Internet Computer and Mantle demonstrates the nuanced nature of the market.