Bitcoin price has continued decreasing steadily since past week with it today dipping below $94k, marking daily low of $93,400 before quickly jumping
Bitcoin (CRYPTO: BTC) price has continued decreasing steadily since last week, with it today dipping below $94,000, marking a daily low of $93,400 before quickly jumping back above $95,000.
The drop in Bitcoin price is attributed to several factors, including increased outflows from Bitcoin ETFs. As per Farside data, the total outflow from Bitcoin ETFs was $129 million on February 18. The current bearish market sentiment has also fueled increased Bitcoin selling in the past few days.
After recent turmoils and massive upcoming token unlock, Solana (CRYPTO: SOL) price has also continued shrinking, dropping as low as $160 today. SOL price is currently trading at $169 while showing signs of potential reversal from these levels.
Leading altcoins — including BERA, APT, LTC, and TAO — have surged over 10%, while S (Sonic), MKR (Maker), and OM (MANTRA) have also surged 6% in the past 24 hours.
The overall crypto market sentiment remains bearish as leading crypto assets (BTC, ETH, and XRP) trades sideways without showing significant price action in the past few days.
Trending Crypto TodayTop Daily GainersAccording to Coinmarketcap data, the global crypto market cap today sits at $3.16 trillion with a 24 hour trading volume of $103.43 billion.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
