/ Explore crypto market today corrections: Bitcoin slides to $40,851.12, and OSMO & ATOM making strong surge.
Author: Nilesh Hembade.
Date:13 Dec 2023, 10:25 AM IST
In the wake of Wednesday morning, the cryptocurrency market is witnessing a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) experiencing a decline in prices. This correction was expected, following last week’s remarkable surge in the overall cryptocurrency market, during which Bitcoin (BTC) saw a notable increase from $41K to $44K within a span of just one week.
Over the past 70 hours, Bitcoin (BTC) has witnessed a decrease of -7.05%, sliding from $43,953 to $40,844.12. The current market capitalization of Bitcoin (BTC) stands at $799 billion.
Ethereum (ETH) is currently trading at $2,165.10, reflecting a decrease of -2.66% in the last 24 hours. Ethereum’s market capitalization is at $260 billion.
Despite the prevailing market correction, two cryptocurrencies are standing out with strong gains today:
1) Osmosis (OSMO):
Osmosis (OSMO) has experienced a remarkable surge of 13.81% in the last 24 hours, reaching a price of $1.05. This surge follows a major breakout that occurred yesterday. OSMO’s market capitalization now stands at $515 million, demonstrating a weekly surge of 37.67%.
2) Cosmos (ATOM):
Cosmos (ATOM) is demonstrating resilience in the market, with a price increase of +12.13% in the last 24 hours, reaching $11.42. The market capitalization for Cosmos (ATOM) is now at $4.3 billion, showcasing a weekly surge of 14.39%.
While Bitcoin and Ethereum face a temporary setback, the noteworthy gains by Osmosis (OSMO) and Cosmos (ATOM) underscore the dynamic nature of the cryptocurrency market, where opportunities for gains and losses coexist. Investors will be closely monitoring these developments as the market continues to navigate through fluctuations.