Cryptocurrency prices are down today. The $93,000 price for Bitcoin also affected altcoins. In particular, the market was bearish, with Helium (HNT) down 12% and Quant (QNT) down 10%. Global market capitalization fell 1.5% to $3.22 trillion, while trading volume rose 50% to $139 billion, reflecting increased activity despite the downturn. Meanwhile, large long positions were liquidated following the declines. Here are the details
Bitcoin price and other cryptocurrencies in the midst of a decline
Bitcoin (BTC) price fluctuated after recent highs, falling below $93,000. Ethereum (ETH) struggled along with Ripple (XRP) and Solana (SOL) in a bearish trend. These major cryptocurrencies mirrored the overall bearish trend, with investors closely watching their next moves. Bitcoin price was trading at $92,503 today, down about 1.5% in the last 24 hours. The 24-hour low and high were $91,487 and $95,080, respectively. According to Farside Investors, BTC ETFs recorded an outflow of $415 million, marking two consecutive days of outflows.
Ethereum price traded at $3,336 today, down 2.4% in the last 24 hours. The 24-hour low and high were $3,304 and $3,432, respectively. Ethereum’s trading volume reached $26 billion, up a remarkable 66%. XRP price traded at $2.02 today, with a 24-hour low of $2.00 and a 24-hour high of $2.139. It fell 5% in the last 24 hours. Solana (SOL) price traded at $190 today, down 1% in the last 24 hours. The 24 hour low and high were $186 and $196 respectively. The market capitalization was $91 billion and the trading volume was $3.21 billion.
Who were the top gainers and losers?
The biggest gainer of the day was ZEREBRO. Zerebro (ZEREBRO) price traded at $0.55 today. Also, as we reported as Kriptokoin.com, PEPE coin also jumped with the Elon Musk move. On the other hand, DeXe (DEXE) price rose 8% today, trading at $13.88. The EigenLayer, Morpho and Goatseus Maximus coins have gained 3 to 5% in the last 24 hours, reflecting the positive momentum in the market.
On the other hand, HNT price fell 12%, making it the worst performing coin in the last 24 hours. Additionally, the price of QNT fell 10% and is currently trading at $105. Stacks (STX), AAVE and Fantom (FTM) prices fell 7 to 8% in the last 24 hours, reflecting a challenging market. Cryptocurrency prices showed significant declines today, contributing to the overall bearish trend.
Large liquidations took place
Besides that, the hourly charts are currently continuing to trend bearish with Bitcoin (BTC) and most of the top altcoins falling over the past hour. However, in good news, Janover Inc signaled a positive move for crypto adoption by agreeing to accept Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) for payment of certain services. Meanwhile, according to Coinglass data, $202 million worth of long positions were liquidated in 24 hours. There were also $87.77 million worth of short liquidations. Thus, a total of 289 million dollars was liquidated across the entire network.
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