The cryptoverse has commenced the week on a bearish note. The industry’s market cap is down by 2.36% to $2.04 Trillion. However, the trading volumes have risen by 77.80% taking the numbers to $62.59B. Currently, Bitcoin price is at, $58,687.58, Ether on the other hand is holding its price at $2,307.8. SOL and XRP prices have borne the brunt with a loss in prices by 2.67% & 2.14%.
BTC price is hovering around $58,757.33, with gains being negative by 2.05%. The price has dipped amidst fear and uncertainties resulting from news around Trump, the FED rate hike, and the presidential elections. However, the volumes have risen by 111% over the previous day. We can expect the Bitcoin price to reclaim the $60k mark as the heated situation normalizes.
Concerned about where the BTC price is headed in the future? Our Bitcoin Price Prediction answers that and much more!
Earlier today, the ETH price dropped to $2,260 amidst rising concerns around FED’s announcements and growing FUD. Resulting in ETH’s lowest ETH/BTC ratio since April 2021. Other top altcoins like Solana, XRP, and Toncoin prices are down 2.43%, 2.33%, and 2.4%.
Top Gainers Today:
Top Losers Today:
In the middle of the turmoil, Microstrategy continues to add more Bitcoin to its portfolio. It has now purchased 18,300 BTC worth $1.1 billion, raising its total holdings to 244,800 BTC
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