Crypto Market Update: STRK Plunges 5%, ICP Dips as WIF Gains 6%

• STRK falls 5.97% to $0.6044, while ONDO trades at $1.09 after a $1.05 low.
• ICP dips to $9.83, showing a 2.09% daily loss and a 5.09% volume surge.
• WIF gains 2.17%, rebounding from the $2.11 low, with a 35% weekly increase.

The global cryptocurrency market has recently dipped 1.07% to a still-robust $2.38 trillion valuation. Despite this downturn, major players like Bitcoin and Ethereum have relatively stabilized, with Bitcoin holding strong at just over $64,500 and Ethereum hovering around $3,400.

However, not all digital assets have fared as well in these turbulent waters. Tokens such as WIF, ICP, STRK, and ONDO have been significantly impacted, mirroring a dramatic 19.24% plunge in total market volume over the past day.

STRK Falls Over 5%, ONDO Recovers from $1.05 Low

Despite recording positive price action on the weekly chart, Starknet (STRK) saw one of the most significant declines. Over the past 24 hours, STRK’s price fell by 5.97%, opening at $0.6471 and reaching an intraday low of $0.588 before stabilizing at $0.6044.

This decline has further impacted its market capitalization, which now stands at $882.58 million, ranking it 78th. STRK’s 24-hour trading volume decreased by 10% to $82.77 million. Despite these challenges, STRK’s weekly performance shows a slight increase of 1.19% compared to its opening price of $0.598.

Similarly, Ondo (ONDO) has declined by 3.01% over the past 24 hours. Currently, ONDO is trading at $1.09, having rebounded from an intraday low of $1.05. Despite the recent losses, ONDO has shown long-term bullish tendencies, maintaining a weekly gain of over 9%. The market cap for ONDO is reported at $1.51 billion, ranking it 57th.

ICP Price Dips to $9.83 Amid WIF’s 6% Gain

ICP has displayed considerable volatility, fluctuating between an intraday low of $9.82 and an intraday high of $10.44 in the last 24 hours. At the time of reporting, ICP’s price is $9.83, marking a 2.09% dip for the day.

Notably, ICP’s price has plummeted by 98.68% from its all-time high of $750.73, recorded three years ago. ICP’s market cap has decreased by 1.99% to $4.59 billion, positioning it 24th in the rankings. Conversely, ICP’s 24-hour trading volume surged 5.09% to $157.19 million.

In contrast to the general market trend, the WIF token has shown a positive trajectory with a 6.63% gain in the last day, now trading at $2.36. This marks a rebound from an intraday low of $2.11.

The bullish momentum is further reflected in WIF’s weekly performance, increasing by over 42%. Moreover, WIF’s market capitalization has risen by 7.47% to $2.36 billion, ranking it 44th. However, the trading volume for WIF has dropped by 24.40% to $415.9 million, indicating prevailing negative sentiment.

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