Bitcoin price has continued decreasing steadily since past week with it today dipping below $94k, marking daily low of $93,400 before quickly jumping back above $95,000.
The drop in Bitcoin price is attributed to increased outflows from Bitcoin ETFs. As per Farside data, the total outflow from Bitcoin ETFs was $129 million on 18 February. The current bearish market sentiment has also fueled increased Bitcoin selling in the past few days.
Following recent turmoils and massive upcoming token unlock, Solana (SOL) price has also continued shrinking with it 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 Today
- SOL (Solana)
- LTC (Litecoin)
- ZBCN (Zebec Network)
- HBAR (Hedera)
- HYPE (Hyperliquid)
Top Daily Gainers
- IP (Story): +29%
- TAO (Bittensor): +13%
- BERA (Berachain): +13%
- APT (Aptos): +12%
- GNO (Gnosis): +12%
According to Coinmarketcap data, the global crypto market cap today sits at $3.16 trillion with a 24 hour trading volume of $103.43 billion.
Also Read: AVAX Price Stagnates as Whale Activity Slows Down
