Crypto Market Today

Crypto Market Today: Bitcoin Plummets To $41K, Pepe Coin in Red, While MYRO Continues to Dominate


In the wake of Friday morning, the cryptocurrency market finds itself draped in shades of red as major players like Bitcoin and Ethereum take a hit, alongside the popular memecoin Pepe. This downturn comes in the aftermath of the Bitcoin Spot ETF approval, which appears to have sent a chill through the market. Bitcoin, in particular, has witnessed a significant drop from $48,000 to $41,000 within just a week, reaching a low of $40,800 today.

Bitcoin Chart
Source: TradingView

Taking a closer look at the current prices:

Bitcoin (BTC):
The price of Bitcoin (BTC) has fallen by 3.61% over the last 24 hours, settling at $41,187. Bitcoin’s market cap now stands at $807 billion, reflecting the impact of recent market fluctuations.

Ethereum (ETH):
Ethereum (ETH) is currently trading at $2,464, experiencing a 2.49% decrease in the last 24 hours. Ethereum’s market cap is at $296 billion, showcasing a broader market trend.


MYRO Continues to Surge:

On a brighter note, the new memecoin MYRO token has defied the overall market trend, surging by an impressive 10.43% to reach $0.2061 in the last 24 hours. The MYRO token’s market cap now stands at $194 million, with an astonishing +791% increase over the last 30 days.

Pepecoin Price Drops:

Conversely, Pepecoin (PEPE) has experienced a dip in its value, dropping by 5.20% to $0.00000113 over the last 24 hours. The market cap for Pepecoin now stands at $476 million, reflecting the challenges faced by some meme-based cryptocurrencies in the current market conditions.

Comments are closed.