The cryptocurrency market saw a significant downturn today as top prices plummeted, with Bitcoin (BTC) even dropping below $65,000 and Ethereum (ETH) dipping below $3,300. Other major altcoins such as Cardano (ADA), Solana (SOL), and XRP also experienced a significant decline.
At the time of writing on Saturday, April 13, the price of Bitcoin was down by 4.98%, reaching $67,582.00. Its trading volume also spiked by 56.89% to $47.40 billion in the last 24 hours, with a market capitalization of $1.33 trillion.
Meanwhile, Ethereum’s price saw a sharp decrease of 8.35%, settling at $3,254.32, with a market valuation of $390.86 billion. Its trading volume also increased by 82.12%, reaching $24.87 billion. Similarly, Binance Coin (BNB) saw a 4.04% drop in price, reaching $590.80, but its trading volume skyrocketed by 134.24% to $2.91 billion.
The bearish trend also affected Solana, with its price dropping by 11.77% to $153.95. However, its trading volume saw a significant increase of 106.97% to $5.50 billion. XRP also experienced a dip of 10.64%, reaching $0.5483, but its trading volume surged by 166.17% to $3.16 billion.
In the altcoin market, Cardano saw a decrease of 13.36% in its price, settling at $0.5111. However, its trading volume saw a staggering increase of 282.83%, reaching $1.26 billion. The popular meme coins, Dogecoin and Shiba Inu, also followed the downward trend, with Dogecoin dropping by 12.47% to $0.1747 and Shiba Inu plummeting by 11.13% to $0.00002465.
Even the trending Solana meme coin, Pepe Coin (PEPE), experienced a massive plunge, with its price down by 20.36% to $0.00000594 and a market valuation of $2.49 billion. However, its trading volume saw a significant increase of 71.58%, reaching $1.29 billion.
With the ongoing bearish trend, none of the top cryptocurrencies were in the green. This decline in prices is also reflected in the liquidation of over $200 million in just one hour. As the market continues to fluctuate, experts are closely monitoring the situation to understand the cause behind this sudden downturn.
In the midst of this market turbulence, it is important to stay updated and informed. Keep an eye on the top crypto prices and market trends to make informed decisions about your investments.
