Crypto Market Today: Bitcoin and Ethereum Turns in Red Zone Along With PEPE and BONK, While NEAR Showing Green Candles

In the bustling world of cryptocurrencies, Wednesday morning brought forth a wave of mixed signals, leaving investors and enthusiasts on the edge of their seats. The previously optimistic trajectory of Bitcoin (BTC) and Ethereum (ETH) took an unexpected turn into the red, despite enjoying a commendable +3.0% gain just the day before. Adding to the drama, memecoins like Pepecoin (PEPE) and Bonk (BONK) joined the downward trend, facing a decline in their respective prices.

As of the latest update, Bitcoin (BTC) finds itself down by -0.84%, resting at $42,613 over the past 24 hours. The market cap for the leading cryptocurrency stands at an imposing $834 billion. Ethereum (ETH), another heavyweight in the crypto space, is currently trading at $2,207, exhibiting a -1.37% decrease in the last 24 hours. Ethereum’s market cap weighs in at $265 billion.

Pepecoin (PEPE) and Bonk (BONK) are down today:

Pepecoin (PEPE):

In the crypto landscape, Pepecoin (PEPE) is experiencing a persistent decline in its value. The price of PEPE has spiraled down by -4.41% to $0.000001266 within the last 24 hours. The market cap for Pepecoin stands at $529 million, indicating a weekly slump of -5.54%. Pepecoin enthusiasts and investors are closely monitoring the situation as the meme-inspired coin faces a challenging period.

Checkout: Pepe (PEPE) Price Predictions 2024-2030.

Bonk (BONK):

The Bonk (BONK) token is also grappling with a downturn, registering a notable -13.24% decrease in the past 24 hours, settling at $0.00001843. Despite this short-term setback, the market cap for BONK stands resilient at $1.1 billion, showcasing an impressive weekly surge of 97.88%.

Source: Coinmarketcap

The Bonk community remains optimistic, buoyed by the recent surge, as they observe the coin’s performance amidst the broader market fluctuations.

Checkout: Bonk (BONK) Price Predictions 2024-2030.

NEAR Protocol (NEAR) Surging:

NEAR Protocol (NEAR) is a altcoin that has made significant strides today. The price of the NEAR token surged by +17.96%, reaching $2.72in the last 24 hours. The market cap for NEAR token now stands at $2.7 billion, highlighting a remarkable weekly surge of 26.64%.

Source: CoinMarketCap

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