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Home ยป Bitcoin and Pepe Coin defy market downturn, while SNX experiences a decline in value.

Bitcoin and Pepe Coin defy market downturn, while SNX experiences a decline in value.

Today, the crypto market is predominantly bullish as Bitcoin surpasses the $26k mark, and major Altcoins witness price increases.

by V. Sinclair
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Today, the crypto market displays bullish signs as Bitcoin and major Altcoins exhibit promising price recoveries. The Fear And Greed Index, although still indicating fear, has increased by two points since yesterday, reaching 37/100.

Bitcoin (BTC) remains below the $30,000 threshold at $26,305.77, experiencing an almost 2% gain in the past day. Other notable altcoins like Cardano (ADA), Polkadot (DOT), and Solana (SOL) have also seen positive price movements.

Ethereum is currently trading at $1,649.57, reflecting a 0.67% increase in the last 24 hours. XRP has observed a gain of 0.48%, while Solana has surged by 1.46%. Conversely, Polygon (MATIC) has declined by 1.84% since the previous day, and Polkadot has witnessed an increase of approximately 1.01%.

In the realm of meme cryptocurrencies, Dogecoin has risen by around 0.33%, while Shiba Inu’s token price has decreased by 0.02% in the last 24 hours.

The crypto market today demonstrates overall price recovery, with a few exceptions. The global crypto market cap has significantly risen to $1.06 trillion, compared to yesterday. The 24-hour crypto market volume stands at $25.03 billion, indicating a decrease of more than 6.32%.

The top 4 cryptocurrencies for today are as follows:

Pepe coin has increased by 0.24%. Its price currently stands at $0.0000008058, with a global market cap of $315.73 million. Pepe coin encountered resistance at higher levels, resulting in weakened bullish momentum and subsequent price decline.

ASTR crypto token has surged by 4.42%. Astar’s ASTR token is trading at $0.06035, holding a global market cap of $316,704,723. Astar Network is recognized as one of the leading smart contract platforms in Japan.

XDC crypto token has risen by 4.24%. XDC Network’s XDC is currently priced at $0.05687, with a global market cap of $788,490,163. The token’s adaptability and high investor expectations contribute to its anticipated bullish trend, offering optimism to the community after recent declines.

SNX token has declined by 3.19%. Synthetix’s SNX token is trading at $2.25, holding a global market cap of $605,563,491. Despite announcing the emergence of Synthetix V3, a more advanced and user-centric version of its system, the token has experienced a decrease in value.

 

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