Cryptocurrency Price Today: Bitcoin Price Falls Almost 2%; Shiba Inu Down 15%

Bitcoin price on Friday fell 1.88% but was still above $34,000 at $34,104.76 per token at the time of filing this story. The price of the world's largest cryptocurrency Bitcoin has seen a rally and it surged beyond the $35,000 mark for the first time since May 2022.

The recent rally in Bitcoin price is backed by optimism among investors regarding the availability of Bitcoin funds on conventional stock exchanges. According to Reuters, this buzz is due to BlackRock's bitcoin ETF being listed on the Depository Trust and Clearing Corp's controlled list, operated by Nasdaq for stocks and ETFs. The current trend shows that expectations of Bitcoin ETF approval and listing have resulted in a rise in demand for the cryptocurrency.

Ethereum price was down 0.29% at $1,790.47 per token, according to CoinMarketCap data. Ethereum is the world's second-largest cryptocurrency with a market capitalization of $215,252,646,556.

Today, the global crypto market cap is down 1.14% at $1.26 Trillion. The total crypto market volume over the last 24 hours stood at $47.87 Billion, down 4.93%. The total volume in DeFi is currently $4.57 Billion, 9.54% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.44 Billion, which is 88.66% of the total crypto market 24-hour volume.

How are meme coins performing today?

Meme currencies traded lower today.

Dogecoin: The price of Dogecoin fell 1.42% at $0.07139 per token on Friday. Dogecoin has a market cap of $10.11 Billion.

Shiba Inu: Shiba Inu price nosedived 15% at $0.000000001028 per token on Friday. At this price, the meme currency Shiba Inu has a market cap of $1.13 Million.

Pepe Coin: The price of Pepe Coin (PEPE) fell 1.70% at $0.0000000002359 per token today.

How Are Other Altcoins Performing Today?

XRP:

Ripple's XRP price was down 0.31% at $0.5532 on Friday. XRP is ranked number 5 out of all 8,825 active cryptocurrencies listed on CoinMarketCap.

Cardano:

Cardano price slumped 0.34% at $0.2849 per token at the time of writing this article.

Solana:

Solana price was down 0.56% at $32.25 per token on Friday. Solana is the world's 7th largest cryptocurrency in terms of market cap.

Polkadot:

Polkadot price was down 3.28% at $4.17 per token at the time of writing this article. With a market cap of $5,247,466,635, Polkadot is the world's 16th largest cryptocurrency in terms of market cap.