As major altcoins face losses, Bitcoin has fallen below $95,000. In the bearish scenario of today's cryptocurrency market, XDC and XMR have shown increases.
Due to Bitcoin dropping below the $95,000 mark, the cryptocurrency market remains in a bearish zone today. Major altcoins are following the downward trend, with several tokens trading at a loss. THORChain (RUNE) and Injective (INJ) are the worst-performing tokens, both down 11% from their daily highs.
The global cryptocurrency market is down about 2% today, with a total market cap dropping to $3.33 trillion. However, trading volume has slightly increased by 4% in the past 24 hours, reaching $168 billion. Let's take a closer look at the highest market cap cryptocurrencies and their current prices.
Today's cryptocurrency market: BTC, ETH, SOL are in a bearish trend
Today's cryptocurrency market continues to show a bearish trend, with Bitcoin (BTC) down 3%, Ethereum (ETH) down 2%, and Solana (SOL) down 2.5%. Despite the market slump, a positive sign is emerging as Bitcoin whales begin to accumulate BTC again.
Bitcoin Market Today: BTC down 3%, ETF outflows continue
Bitcoin price is trading at $94,508, reflecting a 3% decline in the past 24 hours. BTC's 24-hour low and high are recorded at $92,559 and $96,666 respectively.
According to SoSo Value data, the BTC ETF outflow amounted to $458 million. Fidelity led the decline, selling $258 million worth of Bitcoin. Ark and 21Shares also sold $148 million worth of Bitcoin, while data from BlackRock's ETF remains highly anticipated.
Ethereum Market Today: ETH price fell by 1.5%, ETF outflows surged
Ethereum price fell by 1.5%, currently trading at $3,336. The 24-hour low and high for ETH are recorded at $3,210 and $3,387 respectively.
In the past 24 hours, ETH ETF saw outflows of $159 million, with Fidelity contributing $147 million to the sell-off. Ongoing bearish sentiment continues to affect today's cryptocurrency market, reflecting price declines and substantial capital outflows from major institutions.
XRP Market Today: The only token among the top ten that saw an increase
XRP price is the only currency among the top 10 that has increased, rising by 0.40% in the past 24 hours. Its trading price is $2.35, with a 24-hour low of $2.214 and a high of $2.396. Additionally, Ripple's stablecoin RLUSD has been listed on the Bitstamp exchange, adding more utility to the XRP ecosystem.
Solana Market Today: SOL price down 2%
Solana (SOL) price fell by about 2%, currently trading at $194.93. Its 24-hour low and high are recorded at $189 and $199 respectively.
Today's cryptocurrency market is up
XDC Network
XDC price rose by 7%, currently trading at $0.0973. Its 24-hour low and high are recorded at $0.087 and $0.0975 respectively. With a market cap of $1.45 billion and a trading volume of $59.35 million, XDC stands out amid the overall downturn in today's cryptocurrency market.
Monero
XMR is the second largest gainer today, trading at $196, up 4%. Its 24-hour low and high are recorded at $183 and $201 respectively. Its market cap is $3.61 billion, with a trading volume of $86.49 million.
Hyperliquid (HYPE), GateToken (GT), and NEO tokens are also showing gains in the cryptocurrency market today, with each token rising by 2% to 4% in the past 24 hours. Despite the bearish trend in the broader market, these tokens are performing well.
Today's cryptocurrency market is at a loss
Thorchain
RUNE price fell by 11%, currently trading at $3.91. Its 24-hour low and high are recorded at $3.86 and $4.35, reflecting a significant downturn in today's cryptocurrency market.
Inject
INJ's price dropped by 11% in the past 24 hours, trading at $21.37, with a 24-hour low of $20.54 and a high of $23.88. Despite the downward trend in the market, INJ's price has risen by 11% in the past quarter as interest in AI tokens has grown, and it increased by 13% in the past week after a significant governance proposal in the community.
WIF, MOVE, AIOZ, and SPX have also fallen by 7% to 9% in the past 24 hours. This has intensified the overall bearish sentiment in the market.
Additionally, the hourly chart also shows bearish sentiment in the cryptocurrency market, with Bitcoin down by 0.13% in the past 24 hours. Fartcoin dropped by 4% in the last hour, and major altcoins are also in a losing state, reflecting the ongoing selling pressure in the entire market.
