Highlights of the story
- Bitcoin Update: BTC Price Hits $59,000 Before Rising Back To $60,000
- Ethereum Analysis: ETH Price Remains Stable at $2,411
- Altcoin Watch: CKB and SUI Show Gains, While SATS and HNT Turn Red.
Crypto prices today: The global crypto market has been sideways since the Asian hours. The industry’s market cap is currently $2.09, with gains of 0.07% from the previous day. Amid fears ahead of the FOMC meeting, Bitcoin (BTC) price has regained its $60k level and Ethereum (ETH) continues to hold its $2,400 level strongly. On the other hand, other blue chips such as Solana, Tron, Toncoin, and XRP have shown little to no gains.
Bitcoin Price Today: Will BTC Drop Below $60,000?
After reaching levels around $59,455.6 earlier today, Bitcoin’s price is currently trading at $60,020.48 amid growing fears among crypto investors. Over the past 24 hours, Bitcoin’s trading volume has dropped by 58.43%, signaling a potential downturn.
Are you worried about where the BTC price is headed in the future? Our Bitcoin price prediction will answer that question and more!
Altcoin Prices Today: ETH Maintains $2,400 Level
Ethereum continues to hold its $2,400 level strongly despite growing uncertainty in the business. On the other hand, Solana, XRP, and Toncoin are struggling to maintain their levels around $135, $0.58, and $5.62 respectively.
Today’s top risers:
- CKB rose 22.2% in 24 hours, supported by the current Upbit listing.
- SUI rose by 7.62%, bringing its price to $1.09. This was prompted by the launch of Grayscale Sui Trust.
Biggest losers today:
- SATS price fell by 4.28% to $0.0003028 on broader market trends.
- Helium suffered a loss of 4.22%, pushing its price to $7.21.
The market has been favorable to the bears today, with total 24-hour trading volume dropping by 45.57% to $34.7 billion. Amid the turmoil, the industry saw events such as regulatory developments, including Mercuryo adding USDC to BASE and MoonPay securing an Australian registration. Additionally, MicroStrategy expanded its Bitcoin holdings and Grayscale launched an XRP Trust.
