Cardano becomes the only altcoin that posted gains today while Solana, Dogecoin, and BNB face pressure.
Crypto prices today reflect mixed sentiments, as large cryptocurrencies exhibit divergent performance trends. The today is $4.02 trillion, a 1.3% change in the last 24 hours at press time. Bitcoin price is still above the all-important $112,000 mark.
CoinDCX research team commented, “The past weekend was largely bearish for the Bitcoin price and the entire market as the levels bottomed close to $110,600. Meanwhile, Ethereum remains above $4700 after marking a new ATH at $4,955. XRP trades above $3, BNB over $875, Solana above $205, Dogecoin over $0.22, and Cardano above $0.91. This suggests that altcoins are gaining momentum and hence, the markets could be heading towards an Altseason. The top gainers for the day include VeChain with over 6.6% rise, followed by Hyperliquid by over 4.32%, Theta Network, Story, and Algorand by over 3% each. On the flipside, Pump.fun drops by over 6.55%, Lido DAO by 6.12% and Aerodrome Finance, Pudgy Penguins & Athena by over 5% each.”
Ethereum is showing resilience, pushing above $4,700 amidst mixed altcoin action. Major altcoins have witnessed a slight correction today, except for Cardano, Tether, and USDC. Macroeconomic developments and regulatory changes are influencing the crypto market today,
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