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HomeBitcoinCrypto Prices Today: Bitcoin, Ethereum Slip Into Red While KAS Surges

Crypto Prices Today: Bitcoin, Ethereum Slip Into Red While KAS Surges

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The broader cryptocurrency market showed signs of weakness on Wednesday morning, with the price of Bitcoin and other cryptocurrencies falling. While Bitcoin retreated from the 21-month high, smaller coins also slipped into the red.

However, Bitcoin’s recent price surge has triggered calls for a new crypto bull market, buoyed by expectations that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) by Jan 10.

Bitcoin price slid 1.24% over the last 24 hours to $45,155, with its market capitalization standing at $884.96 billion. The 24-hour trading volume, however, jumped nearly 28% to $30.24 billion.

Beyond Bitcoin, Ethereum — the second largest crypto — fell over 2% to $2,369. At press time, its market capitalization stood at $284.78 billion. Ether’s trading volume over the last 24 hours surged over 37% to $11.17 billion.

Other tokens were also weak, with Tether price down 0.02% and BNB off 0.45%. Solana plunged nearly 6% in the last 24 hours to $108.16 while XRP rose marginally to $0.632. Memecoins also fell, with Dogecoin dropping over 2%, and Shiba Inu sliding over 2.5%.

The drop in prices of cryptocurrencies was reflected in the global crypto market, which slid nearly 0.46% to $1.74 trillion. However, the fear and greed index level stood at 74, indicating investor sentiment is greed, meaning they’re still keen on buying.

Top 3 Cryptos For Today

Pepe Coin

The price of Pepe Coin has fallen over 4% over the last 24 hours to $0.000001367, sending its market cap tumbling by over 4% to $574.5 million. However, its trading volume over the last 24 hours was up nearly 3% at $73.14 million.

Pepe Coin Price Chart  Crypto Prices Today: Bitcoin, Ethereum Slip Into Red While KAS Surges svg xml  3Csvg 20xmlns
Pepe Coin Price Chart

Kaspa (KAS)

While major cryptocurrencies fell on Wednesday, KAS investors were rolling in dough, with the token rising nearly 2% to $0.12 over the last 24 hours. The optimism was reflected in its market cap, which expanded by 1.86% to $2.6 billion. The 24-hour trading volume surged over 30% to over $36.56 million.

KAS Price Chart  Crypto Prices Today: Bitcoin, Ethereum Slip Into Red While KAS Surges svg xml  3Csvg 20xmlns
KAS Price Chart

Arbitrum (ARB)

The price of Arbitrum jumped over 9% over the last 24 hours to $1.89. The token has appreciated more than 47% in the last seven days and is sitting at a market cap of $2.41 billion. As of writing, its trading volume stood at $1.3 billion.

Arbitrum Price Chart  Crypto Prices Today: Bitcoin, Ethereum Slip Into Red While KAS Surges svg xml  3Csvg 20xmlns
Arbitrum (ARB) Price Chart; All Image Credits: CoinMarketCap

Also Read: Bitcoin Spot ETFs to Attract Pension Funds, Forecasts CBOE Digital

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Crypto Prices Today: Bitcoin, Ethereum Slip Into Red While KAS Surges svg xml  3Csvg 20xmlns

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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