Bitcoin (BTC) price has dipped to $83k while dropping nearly 10% in the past 24 hours. It fell from the daily high of $93,600 to the lowest $83,100 amid increased selling pressure. Following the downtrend, Solana (SOL) price has dropped over 15% in reversal to what it witnessed during Sunday’s pump.
As per market data, Bitcoin is currently trading at $83,300 with a 24 hour trading volume of $74 billion. Since hitting a weekly high of $94,800 on Sunday, BTC price has now dipped over 11% while dropping overall 23% from it’s all-time high.
Bitcoin (BTC) Price Drops – Source: Coinmarketcap
Solana (SOL) is one of the largest losers today with it dropping over 14% and losing nearly $10 billion in market cap. It is currently down 53% from the all-time high of $294, marked on 19 January. Other leading altcoins – ETH, XRP and ADA – have also declined over 12% in the past 24 hours.
The sell-off in the crypto market today is largely influenced by heavy downtrend in U.S. stocks with SP 500 seeing 2% decrease and Dow Jones losing 650 points in the last trading hours.
Trending Crypto Today
- BCH (Bitcoin Cash)
- TRX (Tron)
- WHITE (WhiteRock)
- RED (RedRock)
- OP (Optimism)
Top Gainers Today
- PI (Pi Coin): +10%
- GPS (GoPlus Security): +9%
Top Losers Today
- S (Sonic): -24%
- VIRTUAL (Virtuals Protocol): -21%
- IP (Story): -21%
- WIF (Dogewifhat): -21%
- ADA (Cardano): -20%
As per Coinmarketcap data , the global crypto market cap today sits at $2.75 trillion – down 9.86% in the past 24 hours.
