Today's cryptocurrency prices show a bearish trend for Bitcoin and altcoins. The market is awaiting U.S. employment data, while meme coins are exhibiting mixed reactions.
Today's cryptocurrency market shows a general bearish trend for Bitcoin (BTC), Ethereum (ETH), and major altcoins like XRP. Bitcoin hit a low of $92,000, ETH dropped by about 2.51%, and XRP fell by 3%. This series of declines coincides with the market closely watching the upcoming U.S. employment data, which is expected to be released later today. A strong labor market report could impact interest rate expectations, leading to fluctuations in cryptocurrency valuations.
The total market capitalization of the global cryptocurrency market also declined, falling by about 1.68%, currently maintaining a total market cap of around $3.25 trillion. Meanwhile, the overall trading volume saw an 11% reduction, ultimately settling at $155 billion. Furthermore, the Fear and Greed Index currently reads 43, reflecting a neutral state of market sentiment, neither overly optimistic nor overly pessimistic.
Today's cryptocurrency prices: BTC, ETH, XRP, and SOL struggle to maintain key levels
The price of Bitcoin (BTC) fell to $92,000, continuing the recent bearish trend. Ethereum (ETH) also did not escape, dropping 2.51%. XRP and Solana (SOL) similarly suffered losses in the overall weak market environment, with XRP down 3% and SOL also recording losses. However, amid this market turbulence, CleanSpark announced that its treasury has successfully mined over 10,000 BTC, demonstrating some resilience in the face of market volatility.
Today's Bitcoin price
The price of Bitcoin (BTC) earlier today touched a low of $91,231, followed by a rebound, and the current trading price is $93,433. At the time of writing, this leading cryptocurrency has dropped 1%, indicating some pressure in the market. Its market capitalization has also fallen below the $2 trillion mark again, currently stabilizing around $1.85 trillion. According to data from Coinglass, $43 million in liquidations occurred in the Bitcoin market over the past 12 hours, with $33 million involving long positions and $9 million involving short positions, reflecting the balance and changes in forces between bulls and bears in the market.
Today's Ethereum price
The current trading price of Ethereum (ETH) is $3,245, experiencing a 2.55% drop over the past 24 hours. During this period, ETH hit a low of $3,159 and reached a high of $3,341. Despite the overall bearish sentiment in today's cryptocurrency market, analysts at CoinGape have expressed an optimistic view, pointing out that ETH has the potential to reach new all-time highs. This prediction is partly based on a significant event where Fidelity deposited up to 103 million ETH into Coinbase, which may have sparked renewed interest and attention in Ethereum.
Today's XRP price
XRP's current trading price is $2.28, showing a 3% drop over the past 24 hours. During this period, XRP's lowest trading price was $2.23, while the highest reached $2.36. Additionally, reports indicate that Ripple Labs transferred 300 million XRP to an anonymous wallet, raising market concerns about potential selling behavior, further increasing the uncertainty of XRP's price.
Today's Solana price
The trading price of Solana (SOL) is $188, down about 4% over the past 24 hours. Its 24-hour low was $182, while the high reached $195. The token faces some downward pressure, continuing the broader bearish trend.
Today's Meme Crypto prices
When Bitcoin fell to around $92,000, the Meme cryptocurrency market reacted differently. Among them, Dogecoin (DOGE) dropped about 4%, with a current trading price of $0.326. In contrast, Shiba Inu (SHIB) showed some stability, with its trading price remaining flat compared to yesterday, slightly rising to $0.00002129.
Other well-known meme coins such as PEPE, PENGU, and BONK also generally experienced about a 4% decline over the past 24 hours.
However, on the hourly chart, the market seems to be experiencing a certain degree of recovery. Bitcoin and major altcoins have shown upward trends in the past hour, with the market turning green. Notably, AI16Z has performed particularly well during this period, rising 2% in the past hour, demonstrating relatively strong market performance.
