Yet again, the cryptocurrency market is predominantly in the red as Bitcoin (BTC) struggles to reclaim the $40K mark. On the other hand, major altcoins like Ripple (XRP) and Dogecoin (DOGE) marked some gains and are up respectively by 5% and 4%.
Bitcoin hovering at $40,000
Despite some green moves, the first half of April was not kind to crypto markets. Bitcoin, for its part, started the month near $46,000. Since then, it has gone through significant turbulence and at one point fell below $40,000.
Yesterday (April 14) was a relatively positive day for the leading digital asset as it maintained $41K and even crossed $42K at some point. Nonetheless, earlier today, following the red trading session on Wall Street, the bears took control and pulled BTC below $40,000 once again.
BTC managed to recoup some of the losses and is currently trading at just over $40,000, around 2.5% below its USD valuation 24 hours ago. Its total market cap is around $763 billion.
Ripple and Dogecoin are on the Green
As it typically happens, most alternative coins followed bitcoin and are also in the red. The second-largest cryptocurrency – Ether – is down by around 2.5%.
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Luna (Terra’s native token) has lost around 7% of its USD valuation despite the protocol’s multiple BTC purchases over the past few weeks. NEAR (another asset that was in the spotlight recently) also headed south and is down 6%.
However, a handful of large caps are in the green corner as those that recorded the most significant gains are Ripple and Dogecoin. XRP is up by over 5% and is currently trading at nearly $0.8, its highest level for the past week.
The very first memecoin also headed north, marking an increase of around 4%. DOGE is often praised by the richest person in the world – Elon Musk. Yesterday, the CEO of Tesla made a $43 billion bid to acquire one of the world’s biggest social media platforms – Twitter, which could have been a bullish factor for DOGE’s rise.
The global cryptocurrency market cap is now $1.88 trillion, a 2% decrease over the last day.
