Major crypto such as Bitcoin (BTC) and Ethereum (ETH) failed to rebound from Friday’s significant decline. However, the largest memecoins had some resilience despite the widespread sell-off.
According to the statistics, the global cryptocurrency market saw a decline of more than 1 percent during the last day. The total market capitalization is around $1.02 trillion. According to Coinglass, almost $200 million has been liquidated in the previous twenty-four hours.
While Bitcoin values suffered, big meme currencies such as Dogecoin and Shiba Inu managed to increase in value. The market capitalization of meme currencies increased by 3% during the last twenty-four hours, reaching $17.1 billion.
Over the last twenty-four hours, the price of Shiba Inus has increased by 4.5%. At the time of publication, SHIB is trading at an average price of $0.000013. Its 24-hour trading volume has increased by around 4% to $946 million. However, the Shiba Inu has been sold for more than $1.86 million in the last day.
According to Whalestats, the largest ETH whale added about $5,1 million worth of the dog theme meme currency. The top 2000 Ethereum wallets now contain Shiba Inu coins valued at $163,6 million.
Over the previous twenty-four hours, the price of the biggest meme-based cryptocurrency, Dogecoin, increased by almost 2%. At the time of writing, DOGE is trading at an average price of $0.070. Its 24-hour volume of trade is $619 million. According to the statistics, around $1.86 million worth of Dogecoin has been liquidated during the previous 24 hours.
In contrast, the price of Bitcoin, the biggest cryptocurrency, decreased by almost 3% during the last day. At press time, the average price of Bitcoin was $21,249. The 24-hour trade volume decreased 10% to $31.7 billion.
Reports claim that Bitcoin prices might surpass the latest market panic and increase in value. Over the previous 24 hours, more than $36.6 million has been cashed out of Bitcoin.
However, Ethereum prices saw a significant decline of 5% within the same time. At press time, ETH is trading at an average price of $1,632.9.
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