The crypto prices today recorded a strong bearish turn as Bitcoin (BTC) slumped lower than $42,000 while major altcoins registered notable losses as well. Moreover, Ethereum (ETH), the second-largest crypto by market cap, also slipped below the $2,300 level today. Furthermore, the XRP price was hit massively as it plunged below $0.50 during the session.
Major Crypto Prices Today
The Bitcoin price tumbled below the $42,000 mark today due to recent bearish turn. The Bitcoin price slumped 2.22%, settling at $41,978.95 at the time of writing on Thursday, Feburary 1. On the other hand, it’s trading volume boosted by 11.68% to $25.51 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $823.69 billion
In the altcoin space, the Ethereum price was down by 3.69% to $2,259.05 at press time with market valuation of $271.27 billion. However, ETH recorded a 6.95% hike in its trade volume, reaching $11.03 billion. In addition, the Binance Coin (BNB) price dipped 2.79% in value, reaching $298.61, while its 24-hour trade volume rose by 9.46% to $837.64 million.
Furthermore, the Solana price plunged by a massive 6.71%, reaching $93.71. However, SOL witnessed an 11.15% increase in trade volume to $3.87 billion in the last 24 hours. Furthermore, the XRP price crashed significantly. The XRP price recorded a dip of 2.54%, reaching $0.4972. In addition, XRP’s trading volume plummeted by 23.88% to $1.34 billion.
Meanwhile, the Cardano price slipped by 3.99% to $0.4919. On the contrary, it recorded a 3.30% hike in its 24-hour trading volume, settling at $472.02 million. Meanwhile, in the meme coin market, the Dogecoin price dropped by 1.84% to $0.07873 while its biggest rival, Shiba Inu, registered a 2.41% drop and traded at $0.000008993
Also Read: Breaking: US Fed Keeps Interest Rates Unchanged; Bitcoin Price Inches Down
Top Crypto Prices Today Are
Pepe Coin Plunges 7%
Pepe Coin 1-day Graph, Source: CoinMarketCap
The Pepe Coin (PEPE), a meme crypto, crashed significantly. At press time, the Pepe Coin price was down by 6.87% to $0.0000009112 with a market valuation of $412.11 million. In contrast, its 24-hour trade volume surged by 29.82% to $98.92 million.
SATS Crowned As Top Gainer Today
SATS 1-day Graph, Source: CoinMarketCap
The SATS (1000SATS) crypto, a BRC-20 token, registered a significant profit on Thursday, considering the overall bearish trend. As of writing, the SATS price was up by 6.46% to $0.000524, making SATS the top gainer in the market today. Moreover, its trade volume spiked by a staggering 98.06% to $92.89 million.
Monero Keeps Rebounding From Recent Losses
Monero 1-day Graph, Source: CoinMarketCap
The largest privacy crypto, Monero (XMR), has been on a rebounding spree after it lost significant value last month. The XMR price increased by 4.60% to $167.70 at the time of reporting. In addition, its trade volume soared by 13.04% to $100.18 million. Additionally, Monero recorded a high of $167.63 during the day.
Also Read: Ripple CEO Breaks Silence on Alleged Breach: No Wallet Was “Compromised”
