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Reading: Markets in Turmoil: While BTC and ETH Decline, These 2 Altcoins Are Rising
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Deythere > News > News > Markets in Turmoil: While BTC and ETH Decline, These 2 Altcoins Are Rising
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Markets in Turmoil: While BTC and ETH Decline, These 2 Altcoins Are Rising

cryptocurrency market. The image features Bitcoin and Ethereum logos in the foreground with downwa
Benedikt Krüger
Last updated: September 13, 2024 11:10 am
By
Benedikt Krüger
Published September 13, 2024
3 Min Read
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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.

Contents
  • Bitcoin and Ethereum Price Volatility
  • Solana and XRP Price Movements
  • Top Gaining Altcoins: Quant and Beam
  • Declining Altcoins: Aave, Helium, and THORChain

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%.

image 65 1536x604 1

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.

image 66 1536x650 1

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.

image 67 1536x659 1

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.

image 68 1536x657 1

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.

image 69 1536x685 1

 

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.

image 70 1536x783 1

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.

image 71 1536x686 1

 

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.

image 72 1536x757 1

 

Bitcoin price drop, Ethereum volatility, Quant altcoin rise, Beam altcoin gains, declining altcoins

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ByBenedikt Krüger
Benedikt Krüger is a seasoned blockchain developer and cryptocurrency analyst with 10 years of experience in the field. Starting his career in software development, Benedikt quickly transitioned into blockchain technology, where he has worked on several pioneering projects, including the development of secure blockchain networks and decentralized platforms. His expertise includes blockchain security, cryptographic protocols, and the technical underpinnings of cryptocurrency systems. At DT NEWS, Benedikt provides readers with in-depth technical analysis and expert commentary on the latest trends in the blockchain and cryptocurrency industries, ensuring they stay ahead of the curve in this fast-paced sector.
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