Crypto update: Ethereum drops 4.63% during midday trading
Ethereum’s sharp decline is part of a wider crypto market sell-off, with Bitcoin, Solana, XRP, Dogecoin, and Binance Coin (BNB) also trading in negative territory.
Matrika Shukla, Sub Editor at Business Upturn, is a Multimedia student. She is passionate about investigating and reporting on complex subjects. She has an extensive background in digital media with special focus on Politics
Ethereum’s sharp decline is part of a wider crypto market sell-off, with Bitcoin, Solana, XRP, Dogecoin, and Binance Coin (BNB) also trading in negative territory.
Bitcoin has traded within a 52-week range of $49,121.24 to $109,114.88, showcasing its volatility.
BNB’s decline is part of a wider crypto market downturn, with Bitcoin, Ethereum, Solana, XRP, and Dogecoin all experiencing losses.
Solana has traded within a 52-week range of $100.46 to $294.33, reflecting its volatility.
XRP, one of the leading digital assets, currently has a market capitalization of $141.27 billion, with a circulating supply of 57.89 billion XRP.
The decline in Dogecoin’s price comes amid a broader cryptocurrency pullback. Bitcoin and Ethereum have also faced losses, while global markets are showing mixed signals.
Ethereum, the second-largest cryptocurrency by market capitalization, currently holds a market cap of $321.8 billion, with a circulating supply of 120.57 million ETH.
The decline in Bitcoin’s price aligns with mixed global market trends. In the U.S. pre-market session, major equity index futures are showing signs of recovery after Friday’s losses.
BNB (Binance Coin) is down 0.65% today, currently trading at $651.09 after opening at $653.56. The token’s day’s range has been $646.76 to $654.49, showing minor volatility.
Solana’s 24-hour trading volume reached $3.50 billion, indicating sustained investor interest. The token is currently being traded across 841 active markets.
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