Cryptocurrency prices today recorded a strong bearish turn as Bitcoin (BTC) fell below $42,000 and major altcoins recorded notable losses as well. Furthermore, Ethereum (ETH), the second largest cryptocurrency by market capitalization, also fell below the $2,300 level today. Moreover, XRP price took a big hit during the session, falling below $0.50.
Today's major virtual currency prices
Due to the recent bear market, Bitcoin price fell below $42,000 today. Bitcoin price fell 2.22% and settled at $41,978.95 as of this writing on Thursday, February 1st. Meanwhile, trading volume increased by 11.68% to $25.51 billion in the past 24 hours.Meanwhile, the market capitalization of virtual currencies was $823.69 billion.
In the altcoin space, Ethereum's price fell by 3.69% at the time of writing to $2,259.05, giving it a market valuation of $271.27 billion. However, ETH saw a 6.95% increase in trading volume, reaching $11.03 billion. Moreover, Binance Coin (BNB) price decreased by 2.79% to $298.61 million, while the 24-hour trading volume increased by 9.46% to $837.64 million.
Additionally, Solana's price plummeted by 6.71% to $93.71. However, SOL's trading volume in the past 24 hours increased by 11.15% and reached $ 3.87 billion. Furthermore, the XRP price has also plummeted. XRP price recorded a decline of 2.54% and reached $0.4972. Moreover, XRP trading volume plummeted by 23.88% to $1.34 billion.
Meanwhile, Cardano price fell by 3.99% to $0.4919. On the contrary, the 24-hour trading volume registered an increase of 3.30% and settled at $472.02 million. Meanwhile, in the memecoin market, Dogecoin's price fell by 1.84% to $0.07873, while its biggest rival Shiba Inu fell by 2.41% to trade at $0.000008993.
Also read: Breaking news: US Fed leaves interest rates unchanged.Bitcoin price falls little by little
Today's top crypto prices are:
Pepecoin plummets by 7%
The meme cryptocurrency Pepecoin (PEPE) has plummeted. At the time of writing, Pepe Coin's price was down 6.87% to $0.0000009112, with a market valuation of $412.11 million. In contrast, the 24-hour trading volume increased by 29.82% to $98.92 million.
SATS is crowned top gainer today
SATS (1000SATS) crypto, a BRC-20 token, recorded significant gains on Thursday considering the overall bearish trend. At the time of writing, SATS price has increased by 6.46% to $0.000524, making SATS the top gainer on the market today. Additionally, trading volume increased by 98.06% to $92.89 million.
Monero continues to recover from recent losses
Monero (XMR), the largest privacy cryptocurrency, has rebounded sharply after losing significant value last month. At the time of report, XMR price was up 4.60% to $167.70. Additionally, trading volume increased by 13.04% to $101.8 million. Additionally, Monero hit an intraday high of $167.63.
Also read: Ripple CEO breaks silence on breach allegations: wallet was not “compromised”
