Story Highlights
- Bitcoin Update: BTC price brushes $59k levels, before rising back to $60k
- Ethereum Analysis: ETH price shows a strong hold at $2,411.
- Altcoin Watch: CKB, SUI show gains, while SATS, HNT paint red.
Crypto Prices Today: The global cryptocurrency market has been relatively stable since the Asian trading hours. The industry’s market cap currently stands at $2.09 trillion, reflecting a modest gain of 0.07% over the previous day. Despite the uncertainty surrounding the FOMC meeting, Bitcoin (BTC) has managed to reclaim its $60k level, while Ethereum (ETH) continues to hold strong at the $2,400 mark. In contrast, other major cryptocurrencies such as Solana, Tron, Toncoin, and XRP have shown minimal to no gains.
Bitcoin Price Today: Will BTC Fall Below $60k?
After briefly touching levels around $59,455.6 earlier today, Bitcoin’s price has currently risen to $60,020.48. This fluctuation comes amidst growing fear among investors in the crypto space. Over the last 24 hours, Bitcoin’s trading volume has decreased by 58.43%, which could signal a potential downturn ahead.
Are you concerned about where the BTC price is headed in the future? Our Bitcoin Price Prediction offers insights and much more!
Altcoins Prices Today: ETH Sustains the $2,400 Level
Ethereum continues to maintain its strong hold at the $2,400 level, despite the prevailing uncertainty in the market. In contrast, other altcoins like Solana, XRP, and Toncoin have been struggling to hold their respective levels around $135, $0.58, and $5.62.
Top Gainers Today:
- CKB surged 22.2% in the last 24 hours, supported by its recent listing on Upbit.
- SUI gained 7.62%, bringing its price to $1.09, driven by the launch of the Grayscale Sui Trust.
Top Losers Today:
- SATS price dropped by 4.28% to $0.0003028, influenced by broader market trends.
- Helium recorded a loss of 4.22%, bringing its price down to $7.21.
The market has been more favorable to the bears today, with the total 24-hour trading volume dropping by 45.57% to $34.7 billion. Amidst the market turmoil, several notable events have taken place, including regulatory developments such as Mercuryo adding USDC to BASE and MoonPay securing Australian registration. Additionally, MicroStrategy has expanded its Bitcoin holdings, and Grayscale has launched an XRP Trust.
