Due to the sharp decline of top digital assets in a significant adjustment, today's cryptocurrency prices are generally disappointing.
After experiencing a wave of market adjustments in top assets, cryptocurrencies are sinking into a sea of red. From the chart, today's cryptocurrency prices show a gloomy sentiment, with BTC, ETH, SOL, and XRP in a state of loss.
Today's cryptocurrency prices: Top coins encounter losses
According to data from CoinMarketCap, the flagship cryptocurrency Bitcoin (BTC) has fallen nearly 2% today, trading at $87,000, dampening enthusiasm for Bitcoin's surge towards $90,000.
The decline of Bitcoin has dragged down other assets, with the largest altcoin Ethereum falling 3.1%, slightly above $2,000. By market cap, the fourth-largest cryptocurrency has dropped nearly 4%, currently trading at $2.36.
After the dismissal of the Ripple SEC case, the asset failed to rebound, falling 38.27% from its historical high of $3.84. Moreover, Solana (SOL) is trading at $137, with its market cap down 5%.
Despite increasing interest from institutional investors in Polymarket's SOL deposits and BlackRock's BUIDL fund launched on the network, this sixth-largest token has erased its previous gains. On the other hand, Cardano (ADA) has dropped to $0.7, with its market cap shrinking nearly 5% during this adjustment.
For the ninth-largest cryptocurrency, the prediction for ADA to reach $10 seems out of reach, as daily trading volume is less than $1 billion, confirming widespread optimism. Chainlink (LINK) is trading at $15.19, down 1.68%. Daily trading volume is over 12%, indicating that LINK's price may rise in the near future.
Memecoins are achieving impressive gains
While other currencies in the market are declining, meme coins are rising against the trend. Shiba Inu (SHIB) price increased nearly 4%, trying to eliminate a zero from the current price. Dogecoin (DOGE) continues its upward trend, rising 2% based on its reserves, trading at $0.1945.
The daily trading volume of DOGE matches the enthusiasm of price predictions that promote the memecoin's strong rise. The biggest gainer is PEPE, which has risen nearly 7% in the past day. With its market cap continuously increasing, the daily trading volume of this memecoin reached $1 billion, up 96% from the previous day.
Despite strong gains, Ark Invest's Cathie Wood stated that the value of memecoins will likely decrease in the coming days. However, the rise of memecoins did not prevent the global cryptocurrency market cap from falling 2% today, closing at $2.84 trillion.
