The cryptocurrency market has displayed a strong bullish comeback as the total valuation sees a jump of over 6% today. As the United States of America (USA) enters the Israel and Iran war, resulting in accelerating geopolitical tensions, Bitcoin and crypto market suffered huge losses.
Bitcoin Price Crashed to $98,000 Today
The BTC price has displayed significant price volatility over the past 24 hours. The largest crypto token experienced a crash to $98,286.21 during the late Asian trading hours. However, it witnessed a bounceback after this resulting in it reclaiming the $103,000 mark, making it a jump of over 5%.
With a listing value of $103,259.43, it has recorded a trading volume of $59.58 billion, a change of -8.87%. Moreover, with a market capitalization of $2.05 trillion, it has dominance of 64.7546%.
On the other hand, the Ethereum price has made an impressive run today with a jump of approximately 11% despite recording a drop of 22.38% in its trading volume to $23.23 billion. This brings the market valuation of the largest altcoin to $285.37 billion.
Following in the footsteps, the XRP and Solana tokens have recorded a similar price action by adding 9% and 11.5% respectively. This has resulted in both the tokens breaking out of their important resistance levels in the daily time frames.
Trending Cryptos Today
Top Gainers & Losers Today
GainersLosersSonic (S): +17.86%PAX Gold (PAXG): -1.57%Fartcoin (FARTCOIN): +16.82%Tether Gold (XAUt): -1.26%SPX6900 (SPX): +16.20%—
Crypto Market Cap Overview
As per latest readings of CoinMarketCap data, the valuation of the global cryptocurrency market has dropped to $3.16 trillion with an intraday trading volume of $134.76 billion, a change of -8.19%. With this, the Fear & Greed index is valued at 37, highlighting Fear-like situations in the market. Additionally, the altcoin season index is at 16, suggesting a strong Bitcoin season.
Also Read: 3iQ’s XRP ETF Leads Canadian Market with $32M AUM After Launch
