/ Explore the latest in the crypto market: Bitcoin goes down under 43K, while MYRO and RON making good surge.Author: Nilesh Hembade.Date: 05 Feb 2024, 10:02 AM IST
As the morning of new week rises, the cryptocurrency market showcases a mixed bag of performances, with major players like Bitcoin and Ethereum experiencing minor drops in their prices. Over the past seven days, Bitcoin has been consolidating around the $43,000 mark, indicating a shift in investor focus towards alternative coins and meme-inspired cryptocurrencies.
Let’s look into the current market scenario:
- Bitcoin (BTC):
- The price of Bitcoin (BTC) has seen a slight dip of 0.47%, currently standing at $42,752 over the last 24 hours.
- Despite this dip, the market cap of Bitcoin remains substantial at $838 billion.
- Ethereum (ETH):
- Ethereum (ETH) is currently trading at $2,296, reflecting a marginal decrease of 0.06% in the last 24 hours.
- The market cap of Ethereum is robust at $276 billion.
Noteworthy Surges:
- Myro (MYRO):
- The trending memecoin, Myro (MYRO), has experienced a remarkable surge of 31.37%, reaching $0.08057 in the last 24 hours.
- The market cap for the MYRO token now stands at an impressive $77.55 million, with an astonishing 1,998% increase in the last 90 days.
- Ronin (RON):
- Ronin (RON) has demonstrated a noteworthy rise of 15.08%, currently priced at $3.47 in the last 24 hours.
- The market cap for Ronin’s coin is now valued at a substantial $1.02 billion.
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While Bitcoin faces a minor setback, the surge in Myro and Ronin indicates a dynamic shift in market sentiment. Investors appear to be diversifying their portfolios, exploring opportunities beyond the traditional giants of the cryptocurrency world.