Today's Cryptocurrency Price Overview: BTC Drops to $96,000, Altcoins Generally Decline, BGB Shows Significant Increase

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Today's cryptocurrency market has once again experienced severe fluctuations, leading to strong speculative sentiment among global traders and investors. Bitcoin (BTC) price has retreated to $96,000, while Ethereum (ETH), Solana (SOL), and XRP have generally shown downward trends. Nevertheless, Bitget's BGB token has risen against the market trend, achieving significant gains.

The global cryptocurrency market capitalization has declined by about 2.5% in the past day, falling to $3.34 trillion. Meanwhile, market trading volume has increased by 5%, reaching $123.46 billion. Here are today's price dynamics of major cryptocurrencies:

Today's Cryptocurrency Price Performance: BTC, ETH, SOL, and XRP

Due to the Federal Reserve's hawkish interest rate stance, the overall market volatility has intensified, putting downward pressure on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL).

Bitcoin (BTC): Bitcoin's price has dropped by 2.5% in the past 24 hours, currently trading at $96,236. The lowest and highest prices in the last 24 hours were $95,137 and $98,973, respectively. Bitcoin's market dominance stands at 57.05%. Despite the market turbulence, its long-term outlook remains optimistic, with CoinGape reporting that U.S. energy company KULR recently purchased $21 million worth of Bitcoin, reflecting market optimism. However, the market still faces the risk of a pullback, with analysts predicting BTC may dip to $80,000.

Ethereum (ETH): Ethereum's price has decreased by nearly 2% today, currently at $3,380. Its lowest price in the last 24 hours was $3,302.31, and the highest was $3,446. Despite the decline, ETH's open interest (OI) in futures has increased by 1% to $23.47 billion, and derivative trading volume has also grown by 29%. These indicators suggest that the market still has some upward momentum.

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