Crypto market capital continues to decline by 1.28%. The market cap is currently around $2.45 billion, a change of 94.5% from a year ago.
Leading cryptocurrencies like Bitcoin are experiencing a possible knock-on impact from the traditional markets, where the Japanese yen fell to its lowest level in 34 years against the U.S. Dollar.BTC), Solana (SOLDogecoin is a cryptocurrency (DOGEAll of these products have seen their prices fall in the past 24 hours.
Bitcoin
According to data provided by CoinMarketCap.com, Bitcoin’s current price is $63,284, a drop of 2.32% from the previous 24 hour period.
The number one cryptocurrency recorded an average trading volume in that time of $22,89 billion. This was the second highest amount for the past 24 hours.
![The crypto market cap is hovering at $2.45 trillion as Bitcoin, Solana and Ethereum face downward pressure.](https://crypto.news/app/uploads/2024/04/image-14.png)
Bitcoin is currently in the negative over various timeframes. While the price of Bitcoin is more than 118% above where it was a year earlier, the other periods are also negative.
The current price, for example, represents a drop of 10% over the past 30 days. It also signifies an overall decline of 6.7% in a period lasting two weeks, as well as a modest loss (1.3%) during the seven-day span.
Solana, which is ranked fifth in the top cryptocurrencies in terms of market capitalization, saw its price drop by over 4% within 24 hours.
The coin currently trades at $137.21, with a volume of trading just above $2.4 billion in a 24 hour period.
![The crypto market cap is hovering at $2.45 trillion as Bitcoin, Solana and Ethereum face downward pressure.](https://crypto.news/app/uploads/2024/04/image-15.png)
SOL’s performance hasn’t improved over time.
Price has dropped by 25.6% in the last 30 days. The following are some of the most effective ways to increase your ROI: CoinGecko
This also represents a drop of nearly 8% over 14 days as well as 2.6% in 7 days.
Ethereum
Ethereum has bucking the trend of general decline, although modestly. It was currently trading around $3,137 at the time this article was written, a slight increase of 0.23% over the previous day.
A slight increase in trading volume was accompanied with a 24 hour trading volume of $10.2 billion. This made ETH, after Tether and Bitcoin, the third-most traded cryptocurrency.
![The crypto market cap is hovering at $2.45t, as Bitcoin, Solana and Ethereum face downward pressure.](https://crypto.news/app/uploads/2024/04/image-15.png)
Ethereum has made more gains in the past seven days, as its current price is 4% higher than it was one week ago.
The bearish mood that has seemed to wash over the crypto markets in the past month did not spare ETH. In that period, it has lost over 12% of its market value.
Dogecoin
Dogecoin, the biggest meme token, also lost some value over the past 24 hours.
In that period, the dog-themed currency lost nearly 3% in price. Dogecoin is trading at $0.1451, which means its value has dropped by more than 30 percent from the previous month.
![The crypto market cap is hovering at $2.45t, as Bitcoin, Solana and Ethereum face downward pressure.](https://crypto.news/app/uploads/2024/04/image-15.png)
The performance of the coin is also reflected in other memes, such as Pepe.PêDogwifhatWIFShiba Inu, Shiba (SHIBAll of these are currently losing money, with losses between 2.92 and 7.87%.