Bitcoin and Altcoins Experience Mixed Performance in Today's Trading Session (2024)

As the cryptocurrency market continues to grow and evolve, it’s important to stay updated on the most traded cryptocurrencies of the day. Here’s a look at the top 20 most traded cryptocurrencies as of today:

1. Bitcoin (BTC)

Bitcoin continues to hold the top spot as the most traded cryptocurrency of the day. With a market cap of over $600 billion, Bitcoin remains the most influential cryptocurrency in the market.

2. Ethereum (ETH)

Ethereum has consistently been one of the most traded cryptocurrencies, thanks to its smart contract capabilities and decentralized platform. With a market cap of over $300 billion, it’s no surprise that Ethereum is a top contender.

3. Binance Coin (BNB)

Binance Coin has seen a surge in trading volume, thanks to its utility token status on the popular Binance exchange. With a market cap of over $60 billion, Binance Coin is a force to be reckoned with.

4. Ripple (XRP)

Ripple has remained a popular choice for traders, with its focus on cross-border payments and partnerships with major financial institutions. With a market cap of over $30 billion, Ripple continues to be a top traded cryptocurrency.

5. Cardano (ADA)

Cardano has gained attention for its focus on sustainability and scalability, making it a popular choice among traders. With a market cap of over $30 billion, Cardano is making waves in the cryptocurrency market.

6. Dogecoin (DOGE)

Dogecoin has seen a surge in trading volume, thanks to its community-driven approach and social media buzz. With a market cap of over $30 billion, Dogecoin remains a top contender in the cryptocurrency market.

7. Polkadot (DOT)

Polkadot has gained attention for its focus on interoperability and scalability, making it a top choice for traders. With a market cap of over $20 billion, Polkadot continues to be a popular cryptocurrency in the market.

8. Litecoin (LTC)

Litecoin has remained a popular choice for traders, thanks to its fast transaction times and low fees. With a market cap of over $10 billion, Litecoin continues to be a top contender in the cryptocurrency market.

9. Chainlink (LINK)

Chainlink has seen a surge in trading volume, thanks to its focus on decentralized oracle networks. With a market cap of over $10 billion, Chainlink is making waves in the cryptocurrency market.

10. Bitcoin Cash (BCH)

Bitcoin Cash has remained a top traded cryptocurrency, thanks to its focus on fast and inexpensive transactions. With a market cap of over $10 billion, Bitcoin Cash continues to be a popular choice for traders.

11. Stellar (XLM)

Stellar has gained attention for its focus on international remittances and microtransactions, making it a popular choice among traders. With a market cap of over $5 billion, Stellar is a force to be reckoned with.

12. VeChain (VET)

VeChain has seen a surge in trading volume, thanks to its focus on supply chain management and enterprise solutions. With a market cap of over $5 billion, VeChain continues to be a top contender in the cryptocurrency market.

13. Ethereum Classic (ETC)

Ethereum Classic has remained a popular choice for traders, thanks to its compatibility with the Ethereum network. With a market cap of over $3 billion, Ethereum Classic continues to be a top traded cryptocurrency.

14. USD Coin (USDC)

USD Coin has gained attention for its stability and backing by the US dollar, making it a popular choice among traders. With a market cap of over $3 billion, USD Coin is making waves in the cryptocurrency market.

15. Tron (TRX)

Tron has seen a surge in trading volume, thanks to its focus on decentralized content and entertainment platforms. With a market cap of over $3 billion, Tron remains a popular choice for traders.

16. Monero (XMR)

Monero has remained a top choice for traders, thanks to its focus on privacy and anonymity. With a market cap of over $3 billion, Monero continues to be a popular cryptocurrency in the market.

17. Theta Network (THETA)

Theta Network has gained attention for its focus on decentralized video streaming and content delivery. With a market cap of over $3 billion, Theta Network is a force to be reckoned with.

18. Filecoin (FIL)

Filecoin has seen a surge in trading volume, thanks to its decentralized storage and data retrieval network. With a market cap of over $3 billion, Filecoin is making waves in the cryptocurrency market.

19. Neo (NEO)

Neo has remained a popular choice for traders, thanks to its focus on smart contracts and digital identities. With a market cap of over $3 billion, Neo continues to be a top contender in the cryptocurrency market.

20. Tezos (XTZ)

Tezos has gained attention for its focus on self-amending blockchain and decentralized governance. With a market cap of over $3 billion, Tezos is a popular choice among traders.

Here is a list of the top 50 trending cryptocurrencies of the day:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Binance Coin (BNB)
  4. Ripple (XRP)
  5. Cardano (ADA)
  6. Dogecoin (DOGE)
  7. Polkadot (DOT)
  8. Litecoin (LTC)
  9. Chainlink (LINK)
  10. Bitcoin Cash (BCH)
  11. Stellar (XLM)
  12. VeChain (VET)
  13. Ethereum Classic (ETC)
  14. USD Coin (USDC)
  15. Tron (TRX)
  16. Monero (XMR)
  17. Theta Network (THETA)
  18. Filecoin (FIL)
  19. Neo (NEO)
  20. Tezos (XTZ)
  21. Aave (AAVE)
  22. Uniswap (UNI)
  23. PancakeSwap (CAKE)
  24. Solana (SOL)
  25. Elrond (EGLD)
  26. Maker (MKR)
  27. Compound (COMP)
  28. Bitcoin SV (BSV)
  29. Dash (DASH)
  30. Zcash (ZEC)
  31. Algorand (ALGO)
  32. The Graph (GRT)
  33. Decred (DCR)
  34. NEM (XEM)
  35. Chiliz (CHZ)
  36. BitTorrent (BTT)
  37. Shiba Inu (SHIB)
  38. THORChain (RUNE)
  39. Horizen (ZEN)
  40. Qtum (QTUM)
  41. Hedera Hashgraph (HBAR)
  42. Ontology (ONT)
  43. Enjin Coin (ENJ)
  44. Siacoin (SC)
  45. KuCoin Token (KCS)

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Bitcoin and Altcoins Experience Mixed Performance in Today's Trading Session (2024)

FAQs

What is the relationship between Bitcoin and altcoin? ›

The relationship between Bitcoin and Altcoins' prices is often characterized by a correlation. Historically, many Altcoins have shown a tendency to follow the price movements of Bitcoin. When Bitcoin experiences significant price changes, it often influences the broader cryptocurrency market, including Altcoins.

Will altcoins be affected by Bitcoin halving? ›

There's a back-and-forth. A halving is different from a typical price fluctuation, because, for the first time in four years, the catalyst is Bitcoin's design itself. Altcoins (alternative coins), essentially any cryptocurrency other than Bitcoin, are set to receive a knock-on effect from the halving.

How does Bitcoin influence altcoins? ›

The altcoin ecosystem reciprocates the price movements in Bitcoin. However, some tokens will outperform others during the bull market. Investors monitor short-term volatility in altcoins around the time of Bitcoin halving, intending to add altcoins into their portfolio.

Do altcoins outperform Bitcoin? ›

The price of Bitcoin has grown 54% since the start of 2024, and only six altcoins from the top 50 have done any better.

What happens to altcoins when Bitcoin rises? ›

When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.

What is the correlation between BTC and Alts? ›

Here is the relationship between Bitcoin Dominance, BTC price and altcoins. If dominance increase with price then we see a dump in altcoins. If dominance increases and price decreases then we see a heavy dump in altcoins. If dominance decreases and price increases then we see a big pump in altcoins.

Is it better to invest in Bitcoin before or after halving? ›

On average, Bitcoin has increased roughly 125% in halving years. However, the year after a halving tends to produce the best gains. In the year after a halving, Bitcoin returned a whopping 415% on average. That means an investment of $1,000 would be worth more than $5,000.

Will Bitcoin go up or down after halving? ›

Bitcoin prices usually rise for several months following a halving event.

Which altcoins do not follow Bitcoin? ›

But other coins, like Ethereum, Ripple, Litecoin, Cardano, Binance Coin, Polkadot, Dash, Monero, Solana, and Avalanche are strong options for diversifying your crypto portfolio as well.

Should I hold Bitcoin or altcoins? ›

Diversify Your Risk

Many investors look to altcoin for higher risk-reward assets while considering BTC and ETH as blue-chip cryptocurrencies. Given the high risk of altcoins, investors should consider restricting them to a mini portion of their portfolio. The reward opportunity is higher.

How does Bitcoin dominance affect altcoins? ›

A higher Bitcoin dominance suggests that Bitcoin holds a larger market share, while a lower dominance indicates a more distributed market landscape with altcoins gaining traction. Market participants track Bitcoin's market share to understand investment flows and market dynamics and inform their trading strategies.

Why are altcoins bleeding? ›

Altcoins Bleeding In Correction Phase: 'This Is Nothing More Than A Buy The Dip Opportunity,' Says Analyst. Following the spot Bitcoin (CRYPTO: BTC) ETF approval, altcoins witnessed a price drop but analysis by investors pointed out that this is a correction phase and “buy the dip” scenario.

What are the top 3 altcoins? ›

  • Ethereum (ETH) Market cap: $362.2 billion. ...
  • BNB (BNB) Market cap: $86.2 billion. ...
  • Solana (SOL) Market cap: $66.1 billion. ...
  • XRP (XRP) Market cap: $29.0 billion. ...
  • Dogecoin (DOGE) Market cap: $21.5 billion. ...
  • Toncoin (TON) Market cap: $20.2 billion. ...
  • Cardano (ADA) Market cap: $15.8 billion. ...
  • Shiba Inu (SHIB) Market cap: $13.5 billion.
May 13, 2024

Is there a better cryptocurrency than Bitcoin? ›

Other virtual currencies, such as Ethereum, are helping to create decentralized financial (DeFi) systems. Some altcoins have been endorsed as having newer features than Bitcoin, such as the ability to handle more transactions per second or use different consensus algorithms.

Can any other cryptocurrency beat Bitcoin? ›

Ethereum is currently the second largest crypto asset by market capitalisation at around $425 billion. This remains a long way behind bitcoin's total value of around $1.3 trillion, as of March 2024.

What is the relation between BTC dominance and altcoins? ›

If Bitcoin's value increases but its dominance decreases, it may indicate a potential bull market for altcoins. Investors holding mostly BTC may consider diversifying their portfolios by investing in altcoins that could appreciate in price. This cyclical pattern can help diversify portfolios.

Do altcoins pump with Bitcoin? ›

Bitcoin is often bought before the purchase of an altcoin, pushing the price of both coins up. Similarly, if someone wants to cash out on an altcoin, many exchanges require you to first sell that altcoin for Bitcoin, and then sell the Bitcoin for cash, which pushes both prices down at the same time.

What altcoins follow Bitcoin? ›

  • Ethereum (ETH) Market cap: $362.2 billion. ...
  • BNB (BNB) Market cap: $86.2 billion. ...
  • Solana (SOL) Market cap: $66.1 billion. ...
  • XRP (XRP) Market cap: $29.0 billion. ...
  • Dogecoin (DOGE) Market cap: $21.5 billion. ...
  • Toncoin (TON) Market cap: $20.2 billion. ...
  • Cardano (ADA) Market cap: $15.8 billion. ...
  • Shiba Inu (SHIB) Market cap: $13.5 billion.
May 13, 2024

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