Bitcoin has fallen below $84,000 today after hitting a high of $87,300 the day before. This decline has also affected several altcoins, including XRP and SOL, which have lost over 4% in the past 24 hours.
Sharp Decline in Bitcoin Prices
After reaching a daily high of $86,444, Bitcoin's price dropped to $83,709. The 24-hour trading volume also saw a remarkable decrease of 35%. Currently, Bitcoin is trading near $83,900, showing a 1.5% drop today.
Altcoin Weakness: XRP and SOL
Alongside Bitcoin's decrease, several altcoins struggled to maintain their levels. XRP and SOL lost almost 5% from their daily highs. The price of XRP hit $2.51 and fell nearly 4% to $2.37, while SOL surged to $132 before dropping to $126.14 today.
Market Situation in Other Cryptocurrencies
ETH hit a high of $2,006 but failed to maintain that range, falling to $1,953 earlier today. However, the overall market sentiment around ETH remains bullish, with analysts expecting it to surge above $2,500 in the coming days. Among other notable price actions, XDC experienced a 7% pump, while CAKE, KAVA, BERA, and IP surged nearly 5% in the past 24 hours. On the downside, PI Coin led the top losers by falling over 24%.
Today's global crypto market cap sits at $2.74 trillion with a 24-hour trading volume of $73 billion. While Bitcoin and major altcoins show volatility, some cryptocurrencies continue to experience growth.
