Bitcoin (BTC) Price Correction Continues, KAS Leads Top Gainers Amid Market Drop

The prices of cryptocurrencies – primarily influenced by Bitcoin – today still reflect stable market positions with decent corrections.

Cryptocurrency prices today remained largely stable with decent corrections, primarily driven by Bitcoin. However, the total crypto market cap now stands at $2.24 trillion, indicating a decrease of 1.26% over the past day.

Bearish Sentiment on Bitcoin Rises

In the midst of sluggish price corrections, Bitcoin (BTC) has maintained a steady presence around the $61,000 mark for the past two days. As a result, the world’s leading cryptocurrency has seen a slight dip of 1.50% over the past 24 hours, trading at $60,619 at the time of writing.

While the Bitcoin ecosystem has been observing mixed price actions over the past few days, analysts are pointing out that this serves as a warning sign of extreme market vulnerability. Bullish sentiment toward Bitcoin has decreased by 7.65%, although most investors still appear to be banking on the coin’s long-term value.

Moreover, data from CoinMarketCap shows that both Ethereum (ETH) and Solana (SOL) have responded to the market slide with slight price volatility, indicating decreases of 0.63% and 1.09%, respectively. This moderate downtrend extended to other major and minor altcoins, with the exception of KAS, which defied the market trend and posted notable gains.

KAS Leads Top Gainers

Despite ranking far below the top 20 cryptocurrencies by market capitalization, Kaspa (KAS) outperformed top cryptocurrencies on the last day with notable price gains.

KAS is currently trading at $0.1758, up an impressive 9.30% over the past 24 hours. This positive KAS price trend points toward sustained efforts in advancing its network capabilities and garnering interest from investors.

This positive trend was also observed in Maker (MKR), which saw a price surge of 7.45%. MKR is trading at $2,525 at the time of writing. MKR’s price increase suggests that its network efforts managed to capture the attention of investors even in a troubled market condition.

Interestingly, TON also joined the positive trend with a sluggish movement that showed an increase of 1.44% over the last day. This slight price increase brought TON to trade at around $7.

The above is the detailed content of Bitcoin (BTC) Price Correction Continues, KAS Leads Top Gainers Amid Market Drop. For more information, please follow other related articles on the PHP Chinese website!