Crypto Market Today: Bitcoin and Ethereum in Red, While ICP Making Strong Gain; BONK Price Drops After Big Listing

In the early hours of Saturday, the cryptocurrency market experienced a notable shift as both Bitcoin (BTC) and Ethereum (ETH) saw slight declines in their trading prices. Meanwhile, the fervor surrounding memecoin BONK took a hit following its recent listing on Binance.

Bitcoin (BTC) and Ethereum (ETH) in Red:

As of the latest update, the price of Bitcoin (BTC) has dipped by -0.86%, settling at $42,240.14 over the last 24 hours. Bitcoin’s market cap currently stands at an impressive $826 billion. Ethereum (ETH) is also trading in the red, showing a -0.86% decrease over the past day, with its price at $2,245.45 and a market cap of $270 billion.

Internet Computer (ICP) Surging Today:

However, amidst the sea of red, the Internet Computer (ICP) has emerged as a standout performer. Recognized for its association with AI and the metaverse narrative, ICP has experienced a remarkable surge of +32.6% in the last 24 hours, reaching a price of $83.66. The market cap for ICP Token now stands at $3.9 billion, reflecting a weekly surge of an impressive 60.19%.

Source: Coinmarketcap

BONK Price Dropped:

On the flip side, BONK, the memecoin that gained significant attention after being listed on Coinbase and Binance, is witnessing a decline in its price. After a period of sustained growth, BONK’s value has dropped by -19.06% in the last 24 hours, now resting at $0.00002366. Despite the setback, the market cap for BONK coin remains substantial at $1.4 billion, indicating a weekly surge of 79.38%.

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