BTC has fallen below $95,000, while MOVE and HYPE experienced significant losses of 20% and 19%, respectively, in today's cryptocurrency market.
The cryptocurrency market continues to show a bearish trend today, with Bitcoin (BTC) falling below $95,000. The global cryptocurrency market is down about 2% to $3.27 trillion, with trading volume down 15% to $138 billion. The Fear and Greed Index has dropped from 59 to 54, reflecting a neutral sentiment.
In the past 24 hours, major altcoins have also experienced declines of 2% to 5%. Movement (MOVE) price plummeted by 20%, followed closely by Hyperliquid (HYPE) with a 19% drop. Notably, HYPE has been the top gainer over the past two days, recently entering the top 20 by market cap.
The good news is that former US President Donald Trump, who supports Bitcoin, appointed Bo Hines as the Executive Director of the Presidential Digital Asset Advisory Council. The council is chaired by David Sacks and aims to promote innovation and development in digital assets.
Today's Cryptocurrency Market: BTC, ETH, XRP, and SOL are down
Bitcoin (BTC) prices have fallen for three consecutive days, dropping from $99,000 to $94,000. Major altcoins are also showing the same downward trend, with Ethereum (ETH) down 2% and XRP down 4%. Meme coins also reflect Bitcoin's trend, dropping between 2% and 4% in the past 24 hours.
Today's Bitcoin Price
In today's cryptocurrency market, Bitcoin (BTC) trading price is $94,686, down 2% in the past 24 hours. Its 24-hour low and high are $93,797 and $97,371, respectively, with a market cap of $1.88 trillion and a trading volume of $46 billion.
Additionally, prominent gold investor Peter Schiff proposed an alternative plan for Bitcoin as a strategic reserve. This proposal sparked further discussion in the cryptocurrency market today, reflecting increasing debate in the field.
Ethereum Today's Price
Ethereum (ETH) trading price is $3,284, reflecting a drop of about 2% in the past 24 hours. Its 24-hour low and high are $3,220 and $3,401, respectively, with a market cap of $394 billion and a trading volume of $26 billion. Ethereum's market share is 12%.
In other news, a cryptocurrency analyst posted that an expert predicted the recent Ethereum price drop was the last one, paving the way for a potential five-digit bull market rebound. This prediction has sparked optimism among investors, expecting a recovery in the near future.
Today's XRP Price
XRP's trading price today is $2.18, down 2% in the past 24 hours. Its market cap is $124 billion, making it the fourth-largest cryptocurrency by market cap.
Ripple Labs CTO David Schwartz recently shared insights about the company's RLUSD stablecoin. He discussed how stablecoins can benefit users and developers, marking an important step in Ripple's product offering.
Solana Today's Price
SOL trading price is $182, with a 24-hour low of $176 and a high of $187. The market cap is $87 billion, and the trading volume is $4 billion, reflecting the solid position of cryptocurrency in today's market.
Meme Coin Today's Price
The meme coin sector is also showing the same bearish trend, with Dogecoin (DOGE) down 3% in the past 24 hours, trading at $0.3173. Shiba Inu (SHIB) is also down 2%, trading at $0.00002177.
On a positive note, other well-known meme coins, such as PEPE, BONK, and WIF, have seen gains between 1% and 4% in the past 24 hours. A cryptocurrency analyst recently posted on Twitter about the potential price trend of Shiba Inu, emphasizing key support levels.