Story Highlights
- Bitcoin Price Update: BTC price falls below $60k, holds on to $58k level.
- Ethereum Analysis: ETH price loses its firm hold at the $2,400 level.
- Altcoin Watch: SUI, FTM show gains, while CKB, FET prices slump.
The cryptoverse has commenced the week on a bearish note. The industry’s market cap has decreased by 2.36% to $2.04 trillion. However, trading volumes have surged by 77.80%, reaching $62.59 billion. Currently, Bitcoin is priced at $58,687.58, while Ether is holding steady at $2,307.8. SOL and XRP have faced declines, losing 2.67% and 2.14% in value, respectively.
Bitcoin Price Today: What to Expect Next?
Bitcoin (BTC) is currently trading around $58,757.33, showing a negative gain of 2.05%. This dip can be attributed to the prevailing fear and uncertainties stemming from news surrounding Trump, the FED rate hike, and the upcoming presidential elections. Despite the price drop, trading volumes have increased by 111% from the previous day. As the market stabilizes, there’s a possibility that Bitcoin could reclaim the $60k mark.
Curious about the future trajectory of Bitcoin? Our comprehensive Bitcoin Price Prediction provides in-depth insights and forecasts.
Altcoins Prices Today: Ether Price Plummets 4%
Earlier today, Ethereum (ETH) experienced a sharp decline, dropping to $2,260 amidst growing concerns related to the FED’s announcements and an increase in FUD (Fear, Uncertainty, and Doubt). This has resulted in the lowest ETH/BTC ratio since April 2021. Other major altcoins such as Solana, XRP, and Toncoin have also seen declines, with their prices falling by 2.43%, 2.33%, and 2.4%, respectively.
Top Gainers Today:
- SUI price has risen by 4.29% to $1.11, supported by strong technicals.
- Fantom (FTM) price has increased by 1.98%, reaching $0.498, driven by its Sonic Testnet and wallet credit scoring system.
Top Losers Today:
- CKB price has corrected by 8.4% to $0.01553 after a previous uptrend.
- FET has lost 7.8% of its value, bringing its price down to $1.30.
Amidst the market volatility, Microstrategy continues to bolster its Bitcoin portfolio. The company has recently acquired an additional 18,300 BTC worth $1.1 billion, increasing its total holdings to 244,800 BTC.
