Bitcoin price has steadily decreased today with it dipping below $85k

ETH loses $2,000 support level and falls to $1,900 after a sharp decline. Coinciding both these leading crypto assets, large-cap alts like XRP, SOL and ADA have also declined 5%

The price of Bitcoin has steadily decreased today with it dipping below $85k while ETH loses $2,000 support level and falls to $1,900 after a sharp decline. Both these leading crypto assets clocked in a 5% loss in the past 24 hours while large-cap alts like XRP, SOL and ADA have also declined 5%.

Bitcoin price was trading above $87k earlier today but later losing the momentum, it fell nearly 3% from the daily high of $87,676 to as low as $84,880 in late trading hours. The downtrend is also expected to continue ahead of the last trading session of the week in U.S. stock markets.

At the time of writing, Bitcoin is trading around $85,000 – down 2% – with a 24 hour trading volume of $30.82 billion.

ETH Continue Losing While XRP, ADA & SOL Falls 5%

ETH has been trending crypto today as it fell nearly 5% in a sharp drop earlier in morning while dropping even more 2% to as low as $1,880 on leading exchanges. At the time of writing, ETH price is trading near $1,890 – down 6.3% in the past 24 hours.

While there is no specific reason behind ETH’s drastic drop today, people are attributing it to recent transitions where traders are unloading huge amounts of ETH for DAI and other low-risk assets.

Major altcoins have fallen over 5% today as Bitcoin and ETH fumbles. The most popular alt-trio, XRP, ADA and SOL are down 6%, 5% and 5% respectively.

On the top gainers’ side, GRASS and SAFE are leading with a 9% spike while CRO, FORM and LAYER have surged nearly 5% in the past 24 hours. Meanwhile, ZETA has declined over 20%, leading the daily losers’ chart, followed by BEAM’s 15%, KAITO’s 13% and LDO’s 10% drop.

Trending Crypto Today

Today’s Top Gainers

Today’s Top Losers

As per Coinmarketcap data, the global crypto market cap today sits at $2.77 trillion with a 24 hour trading volume of $88.38 billion.