The cryptocurrency market witnessed a rollercoaster ride today, with Bitcoin (BTC) rebounding after a steep dip and altcoins showing mixed performances.
While BTC reclaimed some losses, JasmyCoin (JASMY) stole the spotlight with a remarkable 36% surge.
Meanwhile, Solana (SOL) emerged as the top gainer among major cryptocurrencies, rising 6%, as market sentiment remains cautiously optimistic.
Bitcoin holds steady after sharp drop
Bitcoin experienced a dramatic dip earlier in the day, touching a 24-hour low of $91,998 after briefly surpassing the $103,000 mark.
At the time of writing, BTC was trading at $97,541, reflecting a 4% drop over the past 24 hours.
Despite the downturn, Bitcoin remains up 33% over the past month, maintaining its market cap at $1.93 trillion.
The dip triggered over $649 million in liquidations, signaling heightened market volatility.
Institutional activity also made headlines, with Fidelity acquiring $47 million in BTC, while Grayscale sold $148 million in GBTC shares but added $95 million worth of BTC ETFs.
Ethereum edges up despite market swings
Ethereum (ETH) managed to buck the broader trend, posting a 1% gain over the past 24 hours.
Trading at $3,859, ETH recorded a daily high of $3,956 and a low of $3,683.
The second-largest cryptocurrency by market cap boasts a valuation of $465 billion, with a 24-hour trading volume of $57 billion.
Solana and XRP
Solana (SOL) emerged as a standout performer, climbing 6% to trade at $241.
Its market cap stands at $228 billion, supported by a trading volume of $9.41 billion in the last 24 hours.
SOL’s bullish momentum has solidified its position as one of the top 10 cryptocurrencies by market cap.
In contrast, XRP experienced a minor setback, trading at $2.30 with a 2% decline in the last 24 hours.
Despite the dip, its market cap remains robust at $131 billion, supported by a trading volume of $17 billion.
JasmyCoin sees 36% surge
JasmyCoin (JASMY) was the day’s top performer, skyrocketing 36% to trade at $0.05225.
Over the past week, JASMY has doubled in value, recording a staggering 160% gain for the month.
The meme coin segment saw mixed results, with Dogecoin (DOGE) and Shiba Inu (SHIB) each dropping 2%.
However, smaller meme coins like PEPE and Bonk managed to eke out gains of 1% to 4%, offering a glimmer of positivity in the segment.
Top losers: IOTA, Algorand, and VeChain
On the downside, IOTA and Algorand (ALGO) shed 9% and 8%, respectively, while VeChain (VET) lost 7%.
These declines highlight the challenges faced by some altcoins amid broader market turbulence.
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