Crypto Prices Today: BTC, SOL, DOGE Take Their Toll on the Market

CoinMarketCap indicated that the cryptocurrency market was hit with a wave of sell volume over the past 24 hours. Subsequently, the market’s collective valuation was down 1.91% and estimated to be around $1.07 trillion at press time. The losses of Bitcoin (BTC), Solana (SOL), and Dogecoin (DOGE) had the biggest impact on the market during the past day of trading.

Bitcoin (BTC)

BTC’s price had slipped 0.85% over the past 24 hours. Consequently, the market leader was trading hands at $27,659.69 at press time. Despite the negative daily performance, BTC’s weekly performance was clinging onto the green zone, as the cryptocurrency’s price remained up 0.09% over the past 7 days.

Daily chart for BTC/USDT (Source: TradingView)

Although BTC’s 24-hour performance was among the best, the effect of its 24-hour loss on the cryptocurrency market is far greater than that of the losses of individual altcoins during the same time period. This is mainly due to the fact that BTC is currently the largest cryptocurrency in terms of market cap.

Solana (SOL)

SOL was the biggest loser in CoinMarketCap’s top 10 list of the biggest cryptocurrencies. Throughout the past day of trading, the Ethereum-killer saw its value decrease by 3.97%. To put SOL’s poor 24-hour performance into perspective, the next biggest loser for the same time period was Ripple (XRP), with a loss of 2.93%.

Daily chart for SOL/USDT (Source: TradingView)

As a result of SOL’s notable price drop, the altcoin was trading at $22.32 at press time. Furthermore, the daily loss pushed SOL’s weekly performance further into the red zone, subsequently forcing it down to -7.63%.

Dogecoin (DOGE)

The leading meme coin, DOGE, was the 3rd biggest loser in the cryptocurrency market during the past 24-hour cycle. At press time, CoinMarketCap data indicated that the altcoin’s price stood at $0.05913. This was after DOGE saw its value drop by 2.58% during the past trading day.

Daily chart for DOGE/USDT (Source: TradingView)

Similar to the majority of cryptocurrencies in the market, DOGE’s price has dropped substantially over the past 7 days. This latest 24-hour loss did not do the altcoin’s weekly performance any favors, as it pushed it down to -4.93%.

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