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Cryptocurrency News Articles

Cryptocurrency Market Update: Stunning Developments in Meme Coins and Major Tokens!

Nov 18, 2024 at 01:27 pm

The cryptocurrency market continues to captivate investors with remarkable performances across various assets. Bitcoin (BTC) remains steady

Cryptocurrency Market Update: Stunning Developments in Meme Coins and Major Tokens!

Bitcoin (BTC) price remained largely stable on Monday evening, continuing to hover above the key psychological level of $90,000. The world’s largest cryptocurrency by market capitalization experienced a strong rally last week, reaching a new all-time high on Thursday. However, BTC’s gains were capped on Monday, as the cryptocurrency encountered resistance at the $92,000 level.

Other major cryptocurrencies performed positively on Monday evening. Ethereum (ETH) price rose by about 1%, trading above $3,100. Solana (SOL) and XRP also recorded gains of 9% and 3%, respectively, continuing their strong rallies from last week.

Meme coins performed well on Monday evening, with Dogecoin (DOGE) and Shiba Inu (SHIB) experiencing gains of 8% and 6%, respectively. DOGE continued to trade above $0.30, while SHIB remained above the $0.000040 level.

Among the biggest gainers on Monday were MANTRA (OM) and Hedera (HBAR). OM price surged by 40%, trading above $1.10, while HBAR rose by 30%, continuing its strong rally from last week.

The global crypto market capitalization increased by 2% over the past 24 hours to reach $3.05 trillion. Trading activity in the crypto market also declined slightly over the past 24 hours, with trading volumes dropping by 10%.

News source:bitperfect.pe

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