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

Advertisement:


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.


Advertisement:


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.