The cryptocurrency market has entered a slight bearish phase, with Bitcoin dropping below $104,000 and altcoins following suit, except for Ethereum showing some recovery.
Bitcoin Price Decline
Bitcoin price recorded a daily high of $105,581.85 and a low of $103,646.36 with an intraday trading volume of $47.68 billion, indicating a significant drop of over 17%. At the time of writing, BTC was trading at $103,867.50, down over 1% in the last 24 hours. The BTC market capitalization stands at $2.18 trillion with a dominance of 63.9942%.
Trends in Cryptocurrencies
Ethereum price witnessed an increase of just over 1%, reclaiming the $2,500 mark. The ETH price has ranged between $2,480 and $2,510 over the past hour. XRP mirrored a similar price movement, down over 1% at $2.14, with a 37.9% drop in its 24-hour trading volume to $2.902 billion. Solana also reflects similar price action, dropping over 1%.
Cryptocurrency Market Capitalization Overview
According to CoinMarketCap data, the global cryptocurrency market was valued at $3.34 trillion at the time of writing, marking an increase of 0.12% today. However, the 24-hour trading volume for crypto markets has decreased by 19% to $112.20 billion.
Currently, the cryptocurrency market is witnessing a decline in prices for several key tokens, although Ethereum is showing slight positive dynamics. This may indicate potential changes in market sentiment amid rising geopolitical tensions.
