Markets in Turmoil: While BTC and ETH Decline, These 2 Altcoins Are Rising

As the prices of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) fluctuate, two popular altcoins—Quant (QNT) and Beam (BEAM)—have emerged as the top gainers. Meanwhile, the global crypto market cap rose by 0.15% to reach $2.04 trillion, though trading volume dropped by 15%, settling at $61.35 billion.

Bitcoin and Ethereum Price Volatility

Bitcoin was trading at $57,893 today, experiencing a 0.76% drop over the last 24 hours. The daily low and high for Bitcoin were $57,354 and $58,534, respectively. Despite a $39.02 million ETF inflow, Bitcoin displayed choppy market behavior. Additionally, Bitcoin’s market dominance fell slightly by 0.03% to 56.18%.

Similarly, Ethereum saw a modest decline, trading at $2,359, with a 0.39% daily drop. Its daily low and high were $2,316 and $2,379. Investors also noted a $20.14 million outflow from Ethereum ETFs, contributing to market uncertainty and heightened volatility.

Solana and XRP Price Movements

Solana witnessed nearly a 1% loss, trading at $134. The daily range for Solana was $133.53 to $136.61, and its market cap decreased to $63.03 billion.

However, despite the broader market decline, XRP stood out with a 4.5% increase, trading at $0.5616. XRP’s daily low and high were recorded at $0.5355 and $0.5809. Its market cap reached $31.66 billion, drawing considerable attention from investors.

Top Gaining Altcoins: Quant and Beam

Defying the negative market trend, Quant surged by 9%, reaching $77.27. Quant’s daily low was $70.41, while its high was $77.88. Quant has become a lucrative option for investors looking for gains amid the broader market decline.

Similarly, Beam gained 7%, trading at $0.0144. The lowest and highest prices for Beam were $0.01343 and $0.01454, respectively. Beam, alongside Quant, emerged as one of the altcoins offering positive returns, injecting a dose of optimism into an otherwise bearish market.

Declining Altcoins: Aave, Helium, and THORChain

Among the day’s biggest losers, Aave dropped 6%, falling to $143. Aave’s daily range was $142.12 to $151.38. Likewise, Helium declined by 4%, trading at $7.71.

THORChain also experienced a 3% dip, with prices dropping to $3.88. Its lowest and highest points of the day were $3.81 and $4.07. These fluctuations in the crypto market continue to raise concerns among investors. As Deythere has highlighted, during times of heightened altcoin volatility, investors should remain cautious about the market’s direction.