The post Top coins in red while meme coins rejoice appeared on BitcoinEthereumNews.com.

The crypto market ended Thursday on a shifty note, with most top coins trading in the red zone. At the top, Bitcoin found some solace after gaining 0.25% in the past 24 hours. However, the rest of the top coins, barring BNB and ADA, ended the day losing a notable portion of value. Conversely, a handful of meme coins have picked up pace in the middle of the week. With the majority of the market in the slump, traders are waiting for some stability before they can start investing. Here is the daily crypto update to shed some light on the latest market changes. Bitcoin The biggest crypto in the world is struggling to find its rhythm. However, unlike its peers, the crypto has gained 0.25% value in the past 24 hours. BTC is currently trading near the 64,000-dollar mark, with a 7-day loss of 4.04%. Another important upgrade for the coin comes in the form of 2.4 billion dollars of BTC options that expire today. The development will also determine BTC’s route for the next few days. Ethereum Unlike Bitcoin, Ethereum has lost over 1% in value in the past 24 hours. The coin is nearing the 3,100-dollar mark, having lost 3.90% in the past 7 days. While BTC is constantly trading above the 64k-dollar mark, ETH keeps losing value on a daily basis. At the same time, the Ethereum ETF flows have flipped positive even with ETHE total outflows topping 2 billion dollars. Solana Solana has lost 4.82% value in the past 24 hours, while its 7-day loss stands at 9.20%. The coin was about to hit the 194-dollar mark a few days ago. However, now it is trading at 161.02 dollars, with traders expecting even more fluctuations in the coming days. After the market witnessed a 312…

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Filed under: News - @ August 3, 2024 3:48 am