- Dogecoin gained 4% and saw high trading volume of $2.7 billion while the broader crypto market sold off
- Ethereum dropped below $2,000 again, losing over 4% in the last 24 hours. Bitcoin held steady above $36,000 but was down 2%
- Solana cooled off after a big run, losing over 9%. Other major cryptos like XRP and Avalanche also saw significant losses
The crypto market took a hit Friday morning with major digital assets like Ethereum and Solana seeing significant losses. However, Dogecoin, the original meme coin, bucked the trend and made gains.
Dogecoin Pumps Up 4%
At the time of writing, Dogecoin was up 4% over the past 24 hours, trading at around $0.008. The meme coin has gained over 10% in value over the past week, according to CoinGecko data.
High Trading Volume for Dogecoin
In the past day, $2.7 billion worth of DOGE has changed hands. The meme coin’s trading volume has only been higher in 2023 around key events like Elon Musk changing Twitter’s logo and a developer teasing a Dogecoin upgrade.
Ethereum Drops Below $2,000 Again
Elsewhere, Ethereum lost the $2,000 per coin level it reached last week. At the time of writing, ETH has shed over 4% of its value, trading at $1,941.
Bitcoin Holds Steady Above $36,000
Bitcoin, the largest digital asset, was still trading above $36,000 but saw a 2% dip in the last 24 hours. Bitcoin’s market dominance has slid slightly to 51%.
Solana Cools After Big Run
Solana, which had been on a major run lately, lost over 9% and was trading at $56.82. The 7th largest crypto by market cap is down nearly 5% in the past day after surging last week.
Other Major Cryptos See Losses
XRP lost over 5% in the past day, trading at $0.059 Friday morning. Avalanche, which had surged on JP Morgan news, lost over 10% trading at $20.97.
Conclusion
The broader crypto market experienced a sell-off Friday morning, but Dogecoin bucked the trend and pumped up in value. The meme coin saw high trading volume as major cryptos like Ethereum and Solana cooled off from their recent rallies.
