Crypto Market Today: Bitcoin and Ethereum in Red, While Memecoins Like SHIB and BONK Slide Further

On the morning of a new week, the cryptocurrency market painted itself in shades of red as both Bitcoin (BTC) and Ethereum (ETH) experienced minor drops. Simultaneously, meme coins such as Shiba Inu (SHIB) and Bonk (BONK) faced a further decline.

As of the latest 24-hour trading period, Bitcoin (BTC) saw a 2.00% decrease, settling at $41,130.20. Bitcoin’s market capitalization currently stands at a substantial $805 billion. Ethereum (ETH) followed suit, trading at $2,176.23, experiencing a 1.95% dip over the past day, with a market cap of $261 billion.

Shiba Inu (SHIB) and Bonk (BONK) Price Falls:

The meme coin sensation Bonk (BONK) has been on a bearish trajectory after consecutive listings on Coinbase and Binance. Over the last 24 hours, BONK has observed a 2.40% decline, reaching $0.00002144. Despite this setback, BONK’s market capitalization remains resilient at $1.3 billion, showcasing an impressive weekly surge of 81.94%.

shib and bonk cryptocurrency prices
Source: Coinmarketcap

Meanwhile, Shiba Inu (SHIB), another prominent memecoin, has also faced a downturn with a 7.65% drop in the last 24 hours. Currently trading at $0.0001007, SHIB’s market capitalization stands at $5.9 billion.

The cryptocurrency market’s dynamics continue to capture the attention of investors alike, as fluctuations in the values of leading assets and memecoins alike underscore the inherent volatility of the digital asset landscape.

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