BTC Wanes To $96K, Altcoins Mainly Mimic Dip, BGB Up 22%

BTC Wanes To $96K, Altcoins Mainly Mimic Dip, BGB Up 22%


The post BTC Wanes To $96K, Altcoins Mainly Mimic Dip, BGB Up 22% appeared on BitcoinEthereumNews.com.

The crypto prices today have once again showcased a turbulent shift, setting off waves of speculations among traders and investors globally. Bitcoin (BTC) price backtracked to the $96k level, whereas Ethereum (ETH), Solana (SOL), and XRP mirrored a slumping movement. However, it’s worth mentioning that Bitget’s BGB token has defied the broader market trend to witness unprecedented gains. Meanwhile, the global crypto market cap was recorded slipping nearly 2.5% over the past day, reaching $3.34 trillion. Besides, the total market volume from yesterday witnessed a 5% increase to $123.46 billion. Let’s delve deeper into the top coins and their price action on December 27. Crypto Prices Today: BTC, ETH, SOL, & XRP Take Heat Amid the broader market’s recent volatility due to the U.S. Fed’s Hawkish stance with rate cuts, top cryptos such as BTC, ETH, XRP, and SOL face heat across the broader market. Bitcoin continued backtracking, reaching the $96K level today, whereas ETH, SOL, and XRP prices cracked 2%-4% intraday. Here’s a brief report on the top crypto prices today. Bitcoin (BTC) Price Today BTC price witnessed a 2.5% drop in the past 24 hours and is currently trading at $96,236. Its 24-hour low and high were $95,137 and $98,973, respectively. Bitcoin’s market dominance stood at 57.05% today, indicating a dominant market stance for the flagship crypto. Besides, long-term prospects for the coin remain optimistic in light of the asset witnessing heightened buying. CoinGape reported that American energy management company KULR had purchased $21M worth of BTC recently. Although this buying projects optimism over the crypto’s future prospects, it’s also worth considering the recent market volatility. Another CoinGape report revealed that the crypto eyes a correction to $80K in the wake of the current market trends. Market participants remain apprehensive in light of these stats. Ethereum (ETH) Price…



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *