Bitcoin and Ethereum, the two largest cryptocurrencies, experienced some losses in their prices on Monday. However, they managed to stay above important support levels. Meanwhile, other cryptocurrencies such as Immutable and Bonk witnessed significant gains and losses, respectively, over the past 24 hours.
As of the time of writing, the global crypto market cap decreased to $1.79 trillion, indicating a 1.3% decline in the span of 24 hours. Bitcoin was trading at $47,820, down by 0.7%, while Ethereum fell by approximately 1.8% to reach $2,477.
Let’s take a closer look at the top gainers and losers in the cryptocurrency market over the past 24 hours.
Gainers:
1. Immutable (IMX/USD)
– Price: $2.96
– 24-hour gain: 9%
2. Bitcoin Cash (BCH/USD)
– Price: $273.25
– 24-hour gain: 3.4%
3. Mina (MINA/USD)
– Price: $1.35
– 24-hour gain: 2.8%
4. Klaytn (KLAY/USD)
– Price: $0.2254
– 24-hour gain: 2.4%
5. Gnosis (GNO/USD)
– Price: $253.40
– 24-hour gain: 2.1%
Losers:
1. Bonk (BONK/USD)
– Price: $0.00001209
– 24-hour drop: 9.1%
2. Dymension (DYM/USD)
– Price: $6.92
– 24-hour drop: 8.2%
3. Manta Network (MANTA/USD)
– Price: $2.73
– 24-hour drop: 7.5%
4. Ronin (RON/USD)
– Price: $2.62
– 24-hour drop: 7.2%
5. dYdX (ethDYDX) (ETHDYDX/USD)
– Price: $2.85
– 24-hour drop: 5.3%
It’s important to note that cryptocurrency prices are highly volatile, and their values can change rapidly. Investors and traders should exercise caution and conduct thorough research before making any investment decisions.
In conclusion, while Bitcoin and Ethereum experienced some price declines, they remained above key support levels. Immutable emerged as the top gainer, whereas Bonk turned out to be the biggest loser in the past 24 hours. The cryptocurrency market continues to be a space of significant fluctuations, emphasizing the need for careful analysis and risk management.
