Bitcoin (BTC) has once again become the center of attention as it experienced a significant dip, falling to the $96,000 range on Wednesday after briefly reaching a high of $102,000. This sharp fluctuation is part of the ongoing volatility in the cryptocurrency market, with other major altcoins such as Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) also taking hits.
As of now, the global crypto market cap stands at $3.35 trillion, showing a 24-hour dip of 6.25%. Let’s take a closer look at the reasons behind these movements and how the market is responding.
Bitcoin Price Today: A Roller Coaster Ride
Bitcoin’s price currently sits at $96,197.46, marking a 24-hour loss of 5.53%. Despite the dip, Bitcoin remains a dominant force in the market, with its price fluctuating between highs and lows. In India, BTC is priced at Rs 85.52 lakh.
Analysts have noted that Bitcoin’s recent high of $102,700 coincided with stronger-than-expected U.S. economic data, which led to a rise in U.S. Treasury yields and prompted a wave of profit-booking across the crypto and stock markets.
Ethereum (ETH) and Other Altcoins in the Red
Ethereum, the second-largest cryptocurrency by market capitalization, has also seen a downturn, with its price currently at $3,349.23. This represents an 8.83% loss in the past 24 hours. Ethereum’s .
.
Top Crypto Gainers and Losers
Despite the overall market decline, certain cryptocurrencies are defying the trend and seeing notable gains. Bitget Token (BGB) has emerged as one of the top gainers, rising by 2.50% in the last 24 hours. Other top gainers include Injective (INJ), which saw an 11.24% increase, and Filecoin (FIL), up by 10.17%.
On the other hand, Hyperliquid (HYPE) has suffered the biggest loss, with a 16.25% drop in the past day. Other notable losers include Celestia (TIA), Pudgy Penguins (PENGU), and dYdX (DYDX), each experiencing double-digit losses.
#CryptoMarketDip
As of now, the global crypto market cap stands at $3.35 trillion, showing a 24-hour dip of 6.25%. Let’s take a closer look at the reasons behind these movements and how the market is responding.
Bitcoin Price Today: A Roller Coaster Ride
Bitcoin’s price currently sits at $96,197.46, marking a 24-hour loss of 5.53%. Despite the dip, Bitcoin remains a dominant force in the market, with its price fluctuating between highs and lows. In India, BTC is priced at Rs 85.52 lakh.
Analysts have noted that Bitcoin’s recent high of $102,700 coincided with stronger-than-expected U.S. economic data, which led to a rise in U.S. Treasury yields and prompted a wave of profit-booking across the crypto and stock markets.
Ethereum (ETH) and Other Altcoins in the Red
Ethereum, the second-largest cryptocurrency by market capitalization, has also seen a downturn, with its price currently at $3,349.23. This represents an 8.83% loss in the past 24 hours. Ethereum’s .
.
Top Crypto Gainers and Losers
Despite the overall market decline, certain cryptocurrencies are defying the trend and seeing notable gains. Bitget Token (BGB) has emerged as one of the top gainers, rising by 2.50% in the last 24 hours. Other top gainers include Injective (INJ), which saw an 11.24% increase, and Filecoin (FIL), up by 10.17%.
On the other hand, Hyperliquid (HYPE) has suffered the biggest loss, with a 16.25% drop in the past day. Other notable losers include Celestia (TIA), Pudgy Penguins (PENGU), and dYdX (DYDX), each experiencing double-digit losses.
#CryptoMarketDip
Отказ от отговорност: Включва мнения на трети страни. Това не е финансов съвет. Може да включва спонсорирано съдържание. Вижте Правилата и условията.
BTC
94 396,62
-0.81%
Отговори 0