Bitcoin price drops slightly, Ethereum rejected from $3,000 level, while some altcoins rebound. Solana braces to extend lower, XRP falls below $0.54, Cardano rebounds. Pepe Coin registers significant rebound, Filecoin rallies 13%.
The latest movements in the cryptocurrency market showcase a diverse landscape, with Bitcoin experiencing a slight decline while certain alternative coins show signs of recovery. Ethereum faced resistance at the $3,000 mark, unable to surpass it. Conversely, Cardano demonstrated resilience with a rebound, contrasting the dips observed in XRP and Solana.
Current State of Major Cryptocurrencies
Bitcoin's price dipped below $51,000, marking a decrease of 0.64% to $51,199.89 as of the latest update on Friday, February 23. Over the past 24 hours, Bitcoin's trading volume decreased by 17.85% to $24.77 billion. However, the cryptocurrency maintains a significant market cap of $1 trillion.
Meanwhile, Ethereum's price experienced a modest increase of 0.87% to $2,951.02, with a market valuation of $354.56 billion. However, its trading volume declined by 4.86% to $18.05 billion. Binance Coin (BNB) showed similar patterns, with a 0.90% increase in price to $378.94, accompanied by a notable 31.56% drop in its 24-hour trade volume to $1.75 billion.
Solana faced downward pressure, slipping below $100 to settle at $102.13, down by 1.39%. Its trade volume also decreased by 19.10% to $1.81 billion within the past day. XRP followed suit, falling below $0.54 with a decrease of 0.45% to $0.5394. Additionally, XRP's trading volume saw a notable decline of 21.32% to $1.10 million.
On the other hand, Cardano managed to secure a 0.71% gain, reaching $0.5888. However, its 24-hour trading volume experienced a significant drop of 7.88%, settling at $506.81 million. Amidst the volatility in top cryptocurrency prices, meme coins also witnessed fluctuations. Dogecoin observed a minor increase of 0.12% to $0.08394, while its competitor, Shiba Inu, recorded a 0.63% rise in value, trading at $0.000009518.
Standout Performances Today
Pepe Coin Shows Recovery
Pepe Coin (PEPE), a notable meme cryptocurrency, faced a considerable decline before rebounding. Currently, the price of Pepe Coin stands at $0.000001185, reflecting a 5.91% increase, with a market valuation of $498.22 million. Furthermore, its 24-hour trade volume surged by 43.95% to $142.67 million.
Filecoin Surges by 13%
Filecoin (FIL) emerged as one of the top gainers in today's trading session, experiencing a significant surge. The price of Filecoin soared by 13.31% to $8.40, accompanied by a notable increase in trade volume, which spiked by 50.48% to $873.59 million. During the rally, Filecoin reached a high of $8.47.