/ Explore the latest in the crypto market: Bitcoin falters at $40K, while KAVA and HT surge
Author: Nilesh Hembade.
Date: 23 Jan 2024, 11:09 AM IST
In the wake of a new Tuesday morning, the cryptocurrency market is witnessing a notable downturn in major players like Bitcoin and Ethereum. Red candles dominate the charts, with Bitcoin struggling to maintain momentum at the $40,000 level, signaling potential concerns among investors. The dip in prices comes on the after the Bitcoin Spot ETF approval.
Bitcoin’s current state: As of the latest update, Bitcoin (BTC) has experienced a 2.29% decline in the last 24 hours, settling at $40,108. The market cap for Bitcoin stands at a formidable $786 billion. Meanwhile, Ethereum (ETH) is trading at $2,348, reflecting a 3.20% decrease in the past 24 hours, with a market cap of $282 billion.
Altcoins Shine Amid the Dip:
As Bitcoin grapples with its price decline, attention seems to be shifting towards altcoins, where some assets are showing signs of green momentum. Notably, Kava (KAVA) and Huobi Token (HT) have emerged as standouts in the current market scenario.
Kava (KAVA) on the rise:
In the last 24 hours, Kava (KAVA) has experienced a surge of 4.64%, bringing its price to $0.7427. The market cap for Kava now stands at an impressive $800 million, showcasing the coin’s resilience in the face of broader market trends.
Huobi Token (HT) surges ahead:
Huobi Token (HT) has outperformed, recording a substantial surge of 14.73% in the last 24 hours, reaching $1.88. The market cap for Huobi Token now stands at $337 million, emphasizing its notable growth during this period of market turbulence.