Cryptocurrency prices are showing bearish momentum today as Bitcoin (BTC) falls below $96,000. BTC and ETH ETFs also saw outflows after a long rally. Major altcoins such as Ethereum (ETH) and Solana (SOL) fell between 3% and 5%. Despite the low prices, Movement (MOVE) and ZEREBRO emerged as the biggest gainers, with MOVE up 30% and ZEREBRO up 56% in the past 24 hours.
Bitcoin price today
Bitcoin (BTC) price is trading at $97,395, down 3% in the past 24 hours. Its 24-hour high and low are $102,849 and $95,671 respectively. BTC has a market capitalization of $1.93 trillion, a trading volume of $94 billion, and a market share of 57.17%.
Ethereum price today
Ethereum (ETH) price is trading at $3,441, reflecting a 6% drop in the past 24 hours. Its 24-hour high and low are $3,721 and $3,334 respectively. Today’s cryptocurrency price shows ETH’s market cap at $413 billion with a trading volume of $57 billion.
Altcoin Market
As for the trend of the altcoin market, although many altcoins have fallen to the bottom, the future is still full of hope. Looking back at 2021, altcoins experienced a strong rebound, while this year's performance of altcoins showed the characteristics of "three steps forward and two steps back". Therefore, investors should remain vigilant and avoid emotional operations.
Although there will be corrections in the bull market, as long as we can hold on and wait until the market picks up, we can seize the opportunity of rebound. The current situation does not mean that the bull market has ended, and the market is still full of opportunities. As long as we grasp the rhythm, investors can cope with market fluctuations by buying small when the market falls slightly and buying large when the market falls sharply.
Is it time to buy at the bottom now?
Perhaps starting today is a good time to buy the bottom of the strong altcoins. Why do you say that? Bitcoin goes up, altcoins go down! Bitcoin goes down, altcoins continue to go down! This is the true portrayal of the market in the past few days! Buy the bottom of these 3 altcoins!
1.SUN
Solana's price today (SOL) is US$193.45, with a 24-hour trading volume of US$9,790,747,920. The price has dropped by -7.62% in the past 24 hours and -14.32% in the past 7 days. With a circulating supply of 479.26 million SOL, Solana's market cap is US$92,724,077,341.
Solana coin (SOL) is the native token of the Solana blockchain platform. It has risen with high performance, low cost, technological innovation and precise market positioning, and has successfully attracted the attention of developers and users through an active community ecology and market promotion.
2.XMR
Today's price of Monero (XMR) is US$197.22, with a 24-hour trading volume of US$134,252,289. The price has dropped by -7.62% in the past 24 hours and -7.21% in the past 7 days. With a circulating supply of 18.45 million XMR, the market cap of Monero is US$3,622,983,009.
XMR, also known as Monero, is an open-source cryptocurrency based on the CryptoNote protocol that has been focused on providing a high degree of privacy and anonymity since its creation in April 2014. Monero's mining algorithm CryptoNight is designed to resist ASIC miners and promote a more decentralized mining ecosystem. In addition, Monero has good scalability and is able to handle large-scale transactions and ensure network security.
3.BNB
Today's price of Binance Coin (BNB) is US$671.73, with a 24-hour trading volume of US$2,312,379,994. The price has dropped by -4.13% in the past 24 hours and -5.16% in the past 7 days. The circulating supply is 145.89 million BNB, and the market capitalization of Binance Coin is US$98,089,734,319.
BNB was originally an ERC-20 standard token based on the Ethereum blockchain and was issued by Binance, a world-renowned cryptocurrency exchange, in July 2017. Binance is one of the world's largest cryptocurrency trading platforms, and its business scope covers trading, storage, lending and other services of various cryptocurrencies.