Major cryptocurrency prices continue to fall amid a bearish market sentiment. Bitcoin and Solana are particularly affected by this trend.
Current Bitcoin Market Situation
Bitcoin's price has been steadily decreasing since last week, dipping below $94,000 today, with a daily low of $93,400 before quickly bouncing back above $95,000. This drop is attributed to increased outflows from Bitcoin ETFs, which amounted to $129 million on February 18.
Price Movement of Solana and Major Altcoins
Following recent turmoils and upcoming token unlock, Solana's (SOL) price continues to decrease, reaching as low as $160. Meanwhile, leading altcoins such as BERA, APT, LTC, and TAO have surged over 10% in the past 24 hours.
Overall Market Trends Overview
The overall market sentiment remains bearish as leading crypto assets like BTC, ETH, and XRP trade sideways without significant price action. According to Coinmarketcap, the global crypto market cap today is $3.16 trillion.
Despite a widespread decline in major cryptocurrency prices, some altcoins are showing positive performance, yet overall market sentiment remains negative.
