Today Bitcoin hit $106,000 but soon returned to lower levels. Similar fluctuations are observed in other leading cryptocurrencies like Ethereum and XRP.
Current Situation of Bitcoin
Bitcoin reached a high of $106,000 earlier today but has steadily dropped since then. At the time of writing, Bitcoin's price was around $104,335, showing an increase of 0.03% in the last 24 hours. The trading volume has remained low at only 0.71% over the same 24-hour period.
Ethereum Price Analysis
Ethereum's price has declined below $2500 today, experiencing a 0.13% drop over the past 24 hours. It has fluctuated from a daily high of $2,565 to a low of $2,493. Ethereum is facing similar sentiment issues as Bitcoin, having consolidated within the range of $2,800 to $2,331 over the last month, which may lead to a potential breakout.
XRP Price Dynamics
XRP’s price mirrors a similar pattern to Ethereum and continues to range sideways between $2.332 and $2.069. Currently, the cryptocurrency is trading at $2.13, slightly down by 0.52% from a daily high of $2.16. XRP trading volume over the past 24 hours has dropped by 7.31% to $2.01 billion.
At this point, the overall investment climate in the crypto market remains neutral, while a significant number of liquidations may have impacted the volatility of major currencies.
