Crypto Prices Today April 4: Bitcoin Drops To $65K, Ethereum At $3200, SOL & XRP Dip

Cryptocurrency prices experienced a downturn on April 4th, with Bitcoin (BTC) dropping to $65,000 and Ethereum (ETH) falling below $3,300. Altcoins such as XRP, Cardano (ADA), and Solana (SOL) also saw significant losses. Despite the bearish sentiment, Binance Coin (BNB) managed to gain value. The overall market remained volatile, with meme coins like Dogecoin and Shiba Inu also facing price declines.

Crypto Market Declines as Bitcoin Falls, Altcoins Struggle

The cryptocurrency market faced a downturn on Thursday, with major digital assets experiencing significant losses. Bitcoin (BTC), the market leader, sank to $65,000, while Ethereum (ETH), the second-largest cryptocurrency, dropped below the $3,300 mark. Other prominent altcoins, including XRP, Cardano (ADA), and Solana (SOL), also suffered notable declines.

Bitcoin Slumps to $65,000

Bitcoin's price fell by 1.03% to reach $65,441.33 at the time of writing. The cryptocurrency's trading volume plummeted by 33.23% to $31.32 billion in the last 24 hours, indicating a decrease in trading activity. As a result, Bitcoin's market capitalization stood at $1.28 trillion.

Ethereum Dips Below $3,300

Ethereum, the blockchain platform that hosts decentralized applications (dApps), saw its price decline by 0.78% to $3,284.74 at press time. The cryptocurrency's market capitalization stood at $394.55 billion. ETH's trading volume dropped by 27.98% to reach $14.90 billion, reflecting a decline in market enthusiasm.

Binance Coin Defies Trend

In contrast to the broader market trend, Binance Coin (BNB), the native token of the Binance cryptocurrency exchange, managed to gain 3.77% to reach $577.48. However, its 24-hour trade volume decreased by 3.67% to $2.26 billion, suggesting a cautious approach by traders.

Solana, XRP, and Cardano Decline

Solana, the blockchain platform that offers high-speed transactions, saw its price approach the $190 mark once more. The SOL token declined by 3.34% to settle at $182.11. Its trading volume witnessed a 15.94% drop to $3.81 billion.

XRP, the native token of the Ripple blockchain, extended its slide below the $0.59 level. The XRP token recorded a slump of 1.94% to reach $0.5879. Its trading volume decreased by 5.83% to $2.00 billion.

Cardano, the proof-of-stake blockchain platform, tumbled 2.72% to $0.5706. ADA, the native token of Cardano, experienced a 26.08% decline in its 24-hour trading volume, settling at $466.28 million.

Meme Coins Suffer

The crash in the crypto market also affected the meme coin arena. Dogecoin (DOGE), the popular Shiba Inu-themed cryptocurrency, declined by 5.94% to $0.1743. Its rival, Shiba Inu (SHIB), dipped by 3.60% and traded at $0.00002616.

Pepe Coin Plunges

Pepe Coin (PEPE), a highly hyped Solana-based meme coin, suffered a significant value drop today. At press time, PEPE's price had fallen by 6.63% to $0.00000679, with a market capitalization of $3.08 billion. Its 24-hour trade volume slumped by 25.35% to $609.78 million.

Ethena Soars

Amidst the market downturn, Ethena (ENA), the native token of Ethena Labs, recorded an impressive surge of nearly 24%. ENA emerged as the top crypto gainer for two consecutive days. The Ethena price rose by 23.78% to $1.01 at the time of reporting. However, its trade volume declined by 3.08% to $2.62 billion. During the rally, ENA set a new all-time high of $1.30.