Volatility Continues; Bitcoin, Ethereum Falls, While OM and FTM Surges

Advertisement

The volatility in the cryptocurrency market has arrived on Tuesday morning. The market recovered yesterday following a sharp drop in the prior days. In just two days, the price of Bitcoin (BTC) fell from $72K to $65K, but yesterday saw a 3.80% increase in the price of BTC, which helped the cryptocurrency market recover to a bullish state. However, the price of bitcoin (BTC) is unstable today after falling by 4.28% over the previous day.

When it comes to today’s top gainers, memecoins are once again exhibiting remarkable growth. Fantom (FTM) and Mantra (OM) are experiencing strong surges right now.

Current Prices of Bitcoin and Ethereum:

  • Bitcoin (BTC): The price of Bitcoin is down by 1.28% to $65,472 in the last 24 hours, with a market cap of $1.29 trillion.
  • Ethereum (ETH): Ethereum is trading at $3,389, marking a 6.12% decrease in the last 24 hours. Its market cap stands at $407 billion.

Now, let’s look into the remarkable surge witnessed by OM and FTM:

crypto-prices
Source: Coinmarketcap
Advertisement
  1. Mantra (OM): OM has been on a meteoric rise, with its price soaring by 26.75% to $0.8126 in the last 24 hours. The market cap for OM stands at an impressive $673 million. Over the past week, OM has surged by an astonishing 163%.
  2. Fantom (FTM): FTM is also experiencing a significant uptick, with its price climbing by 6.98% to $0.891 in the last 24 hours. The market cap for FTM stands at $2.5 billion.

The fluctuations in the cryptocurrency market serve as a wake-up call to investors about the inherent volatility and unpredictability of cryptocurrencies.

Comments are closed.