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Bitcoin sees a marginal drop of 0.22%, while Ethereum registers a decline of 1.17% in cryptocurrency values.

Crypto Update: Bitcoin’s value slips by 0.22%, Ethereum sees a 1.17% decrease in prices.

Cryptocurrency Market Slips by 0.55% to $1.17 Trillion; Pepe (PEPE) Emerges as the Hottest Trend. VeChain (VET) Leads Gainers, Stacks (STX) Suffers Losses.

The global cryptocurrency market experienced a 0.55% decline, reaching a total value of $1.17 trillion on Friday morning. Simultaneously, the overall trading volume plummeted by 33.97% to $38.67 billion over the past 24 hours.

In terms of popularity, Pepe (PEPE) emerged as the most trending cryptocurrency, exhibiting a notable increase of 7.84% to $0.000001585 compared to the previous day. Its 24-hour trading volume rose by 14% to $758 million.

Among the gainers, VeChain (VET) demonstrated strong performance, surging by 7.42% to $0.0181. With a 24-hour trading volume of $735 million, it showcased its market strength. On the other hand, Stacks (STX) faced losses, declining by 7.92% from the previous day, as reported by coinmarket.com.

Here’s a breakdown of the current prices of popular cryptocurrencies:

Bitcoin: Bitcoin experienced a 0.22% decrease, now valued at $30,047.84. Its 24-hour trading volume stood at $18.45 billion. As the leading cryptocurrency, Bitcoin maintained its top position on Coinmarketcap with a market dominance of 49.8%.

Ethereum: Ethereum faced a 1.17% decline, settling at $1,885.38. The 24-hour trading volume for Ethereum was recorded at $6.95 billion.

Tether: Tether observed a marginal 0.02% increase, reaching $1 within the last 24 hours. Tether’s trading volume during this period was $27.1 billion, securing its third-place ranking on Coinmarketcap.com.

In the altcoin space:

Solana (SOL) recorded a 2.49% drop, currently valued at $16.81 over the past 24 hours.

Cardano (ADA) experienced a 0.58% decline, with its price standing at $0.2931. Ranked seventh, Cardano’s 24-hour trading volume amounted to $278 million.

Binance (BNB) encountered a 2.88% decrease, settling at $243.83. The trading volume for Binance fell by 26.34% to $576.15 million.

Meme Coins:

Dogecoin (DOGE) witnessed a 1.22% decline, now valued at $0.0666 over the past 24 hours.

Shiba Inu recorded a 1.62% decrease, currently priced at $0.000007922.

Decentralized Finance (DeFi):

Avalanche (AVAX) experienced an 0.89% decline, settling at $12.82. The 24-hour trading volume for Avalanche decreased by 21%.

Aave (AAVE) showcased a loss of 1.17%, with its price standing at $56.

Yearn.Finance (YFI) suffered a 2.97% decline, reaching $6,349 in the past 24 hours. The trading volume for Yearn.Finance was reported at $16.08 million.

Also read this article: Official: United States to Introduce Domestic Renewable H-1B Visas


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