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Cryptocurrency News Articles
Discover the latest price movements, trading volumes, and market caps for Bitcoin and more
Nov 05, 2024 at 01:36 pm
Today’s cryptocurrency market shows varied trends across key digital assets. Bitcoin, Ethereum, and several major altcoins reflect minor shifts
Bitcoin, the world’s largest cryptocurrency by market cap, saw a slight decrease in value over the past 24 hours, trading at $68,293.30 at the time of writing. This marks a 1.15% decline from the previous day. However, BTC maintained a high market cap of $1.35 trillion, with a substantial 24-hour trading volume of $45.81 billion.
Bitcoin's price movements have a significant impact on the broader crypto market. As the leading cryptocurrency, it often sets the tone for other digital assets, especially those that follow a similar trend. This interconnectedness highlights the importance of Bitcoin's performance in shaping the overall market direction.
Among altcoins, several key tokens also experienced minor shifts in value.
Ethereum, the top smart contract platform, saw a slight decrease in price, trading at $2,427.85 with a 24-hour drop of 1.76%. ETH had a market cap of $292.35 billion and a daily trading volume of $17.76 billion.
As the platform hosting a vast ecosystem of decentralized applications (dApps), ranging from DeFi protocols to NFT marketplaces, Ethereum's performance is closely tied to the activity and interest within these sectors.
Binance Coin, another major smart contract platform, traded at $557.01 with a small 0.71% decline over the past 24 hours. BNB had a market cap of $81.26 billion and a trading volume of $895.31 million.
As the native token of Binance, the world’s largest cryptocurrency exchange by trading volume, Binance Coin's price often correlates with activities on the exchange.
Solana, known for its high-performance blockchain, traded at $159.90, reflecting a 1.73% decrease over the past day. The smart contract platform had a market cap of $75.30 billion and a 24-hour trading volume of $3.49 billion.
Solana's strength lies in its fast transaction speeds and low fees, making it a popular choice for dApps and Web3 development. Its high throughput capability continues to attract attention in the market.
XRP, designed as a digital payment currency, showed an increase of 0.39% today, trading at $0.5076. XRP’s market cap was $28.87 billion, with a 24-hour trading volume of $1.10 billion.
XRP appeals to those interested in cross-border payments and efficient transaction processing, offering a relatively stable, centralized solution within the decentralized space. Ripple's partnerships in the financial sector contribute to XRP's presence in the market.
Dogecoin stood out today with a notable 24-hour increase of 7.12%, trading at $0.1624. DOGE had a market cap of $23.81 billion and a 24-hour trading volume of $3.24 billion.
Initially created as a meme coin, Dogecoin has surprisingly gained traction through its strong community and widespread acceptance for minor transactions. Its rising popularity on social media often contributes to sudden changes in its value.
Tron, another prominent smart contract platform, traded at $0.1627, showing a 24-hour decrease of 1.79%. TRX had a market cap of $14.06 billion, with a trading volume of $393.04 million.
The Tron network is popular for its high throughput, supporting dApps and content-sharing platforms. TRX continues to attract developers and investors interested in building decentralised applications on a reliable platform.
Cardano's current price was $0.3299, with a minor 0.60% decline over the last 24 hours. ADA, known for its academic and research-based approach, had a market cap of $11.80 billion and a trading volume of $340.50 million.
Cardano's proof-of-stake consensus and strong focus on sustainability make it a unique player among smart contract platforms.
Toncoin, trading at $4.61, showed a decrease of 5.58% in the past 24 hours. The TON network had a market cap of $11.74 billion, with a daily trading volume of $259.17 million.
Designed to offer decentralised solutions for messaging and social applications, Toncoin remains an intriguing choice for developers and investors aiming to integrate blockchain with social media.
Shiba Inu, another popular meme coin, is currently trading at $0.00001733,
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