Just like yesterday, Bitcoin (BTC) is losing some value again today. The price has dropped below $95,000 and now things are starting to get exciting again. To keep the positive momentum alive, it really shouldn’t go down much further.
In this price update we will tell you exactly how the crypto market is doing.
BTC must now do everything it can
For the second day in a row, the Bitcoin price is under pressure. It failed to hold above $95,000 today. Shortly after the opening of Wall Street, the price fell through this limit.
Within just over half an hour, Bitcoin fell from $95,500 to a low of $94,300. That amounts to a drop of just over 1 percent.
Remarkably, the exact same thing happened yesterday. Bitcoin also fell after the American stock exchanges opened their doors. And on both days, the stock market surprisingly opened in the green.
Additional unrest came from Washington today. President Donald Trump threatened import duties on countries that do not want to cooperate with a US takeover of Greenland. But when he made that statement, Bitcoin was already cautiously recovering.
For Bitcoin, the level around $94,000 is now particularly important. As long as this holds, the decline looks like a normal rebound from last Tuesday’s outbreak. If the price drops below that, the story becomes a lot less comfortable.
At the time of writing, the BTC price is at $ 94,892, 1.92 percent lower than 24 hours ago. In euros, 81,820 is now paid for the largest crypto.
Ethereum and Solana are falling less rapidly
What is striking is that there are quite a few large altcoins that have suffered a less severe blow.
For example, Ethereum (ETH) has lost 1.26 percent of its value and Solana (SOL) has lost 1.22 percent. Ripple (XRP) is in slightly worse shape with a loss of 2.31 percent. The price of XRP is now at $ 2.04 and in this article you can read why it is now getting worse.
Furthermore, Dogecoin (DOGE) is down 3.62 percent and Cardano (ADA) is down 3.65 percent.
The biggest climbers
The lion’s share of the market turns red, but there are some exceptions. Below are the biggest top 100 risers of the past 24 hours:
| Cryptocurrency | Increase in last 24 hours |
|---|---|
| Dash (DASH) | +17,33% |
| Story (IP) | +10,97% |
| Sky (SKY) | +7,22% |
| Chiliz (CHZ) | +3,24% |
| Tezos (XTZ) | +3,21% |
The biggest losers
Then the coins that are hit the hardest. These are the biggest top 100 decliners of the past 24 hours:
| Cryptocurrency | Decrease in the past 24 hours |
|---|---|
| Polygon (POL) | -7,41% |
| SPX6900 (SPX) | -5,11% |
| Athena (ENA) | -5,01% |
| Worldcoin (WLD) | -4,80% |
| Pudgy Penguins (PENGU) | -4,77% |
Source: https://newsbit.nl/crypto-koersupdate-bitcoin-daalt-verder-en-altcoins-bloeden-mee/
