Today, the cryptocurrency market price has dropped significantly, with Bitcoin (BTC) falling below $95,000. The prices of major altcoins such as Ethereum (ETH), XRP, Solana (SOL), and Binance Coin (BNB) have fallen to weekly lows. At the time of writing, UNUS SED LEO (LEO) is the only currency that has seen a notable increase, rising just 2% in the past 24 hours. The market crash has led to liquidations worth $1.46 billion in the past 24 hours.
Today's Bitcoin price
The trading price of Bitcoin (BTC) is $97,082, down 2% in the past 24 hours. The highest price in the last 24 hours was $100,358, and the market capitalization of the cryptocurrency is $1.92 trillion, with a 24-hour trading volume of $111 billion. Bitcoin's market dominance remains strong at 55.71%.
According to Farside's data on Monday, the activities of BTC ETFs vary. Fidelity reported inflows of up to $175 million, while the overall inflows for Bitcoin ETFs are $85 million. Meanwhile, Bitwise and ARK reported outflows of $39 million and $34 million, respectively. Data from BlackRock's ETF is still pending, and investors are eagerly awaiting the latest news.
Today's price of Ethereum
The trading price of Ethereum (ETH) is $3,691, down 7% from the previous day. The 24-hour price range for ETH is between $3,523 and $3,954. Ethereum's market capitalization is $445 billion, with a 24-hour trading volume of $60 billion and a market share of 12.93%.
In ETF activity, the total inflow for the ETH ETF is $5.6 million, primarily driven by Fidelity's $30 million. However, Bitwise and ARK reported outflows of $13 million and $4 million, respectively. BlackRock's ETH ETF data is still pending, and the market remains speculative.
Next, if buying the dip, two timing options should be considered:
- If Ethereum breaks through 3800 and holds, then it could be time to buy altcoins.
- If Ethereum tests the bottom again (excluding the previous second dip), and dips below 3600 with reduced volume, it could be time to buy Ethereum or altcoins in batches.
When the market is stagnant, it's best to stay still. Sudden drops like today's are typical in a bull market; it's better to get it over with than to linger in a half-alive state.
1.PEAQ
Today's price of Peaq (PEAQ) is $0.6677, with a 24-hour trading volume of $114,931,866. This indicates a price increase of 10.30% in the past 24 hours and a price increase of 60.57% over the past 7 days.
Peaq is a Layer 1 blockchain designed specifically for DePIN and machine RWA. We know that DePIN and RWA are the two hottest sectors in this bull market, and Peaq is right at the center of it.
2.XYO
Today's price of XYO Network (XYO) is $0.0304, with a 24-hour trading volume of $113,125,335. This indicates a price increase of 16.31% in the past 24 hours and a price increase of 36.72% over the past 7 days.
XYO Coin is a digital currency based on blockchain technology, designed to provide secure and reliable communication and data storage solutions for Internet of Things (IoT) devices.
3.SOS
Today's price of Solana Swap (SOS) is $3.87, with a 24-hour trading volume of $3,774,197. This indicates a price increase of 13.71% in the past 24 hours and a price increase of 63.72% over the past 7 days.
The creation of the SOS token is intended to thank all NFT creators, collectors, and marketplaces for nurturing the entire NFT ecosystem, especially to acknowledge OpenSea's leadership in facilitating NFT transactions.