Crypto News- According to data from CoinMarketCap, the cryptocurrency market experienced a surge in selling activity over the last 24 hours, resulting in a collective market valuation decline of 1.91%, bringing it to approximately $1.07 trillion at the current moment. The primary contributors to this market decline were Bitcoin (BTC), Solana (SOL), and Dogecoin (DOGE).
October 10 Crypto Prices: BTC, SOL and DOGE Impact the Market
Bitcoin (BTC):
BTC’s price decreased by 0.85% within the past 24 hours, with the cryptocurrency now trading at $27,659.69. Despite this daily dip, BTC’s performance for the week managed to stay slightly positive, with a 0.09% increase over the past 7 days. It’s important to note that even though BTC’s 24-hour performance was relatively better than many other cryptocurrencies, its sheer market cap dominance means that its losses have a more significant impact on the overall market.
Solana (SOL):
SOL suffered the most significant loss among the top 10 cryptocurrencies listed on CoinMarketCap, with its value dropping by 3.97% during the previous day’s trading. To provide context for SOL’s poor 24-hour performance, the next biggest loser in the same timeframe was Ripple (XRP), which experienced a 2.93% decline. As a result of this notable price drop, SOL was trading at $22.32 at the current moment. Additionally, this daily loss further deepened SOL’s weekly performance into negative territory, with a decline of -7.63%.
Dogecoin (DOGE):
DOGE, the popular meme coin, ranked as the third-largest loser in the cryptocurrency market over the past 24 hours. As per CoinMarketCap data, DOGE’s price was $0.05913 at the time of reporting, following a 2.58% decline in value during the previous trading day. Similar to many other cryptocurrencies, DOGE’s price witnessed significant drops over the past 7 days. This latest 24-hour loss exacerbated DOGE’s weekly performance, resulting in a decrease of -4.93%.
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