Crypto market today: Bitcoin and altcoins see decline amid market uncertainty
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The cryptocurrency market remained cold on February 19, with Bitcoin (BTC) hovering around $95K.
Ethereum (ETH), Solana (SOL), and XRP recorded losses ranging from 1% to 6%, sparking concerns among investors.
The bearish sentiment is driven by multiple macroeconomic factors like trade war fears and hawkish monetary policies.
The escalating trade war speculations following President Donald Trump’s push for new import tariffs have rattled global markets.
Risk assets, including cryptocurrencies, have suffered amid growing uncertainty.
Additionally, the Federal Reserve’s stance on maintaining high interest rates for an extended period has further dampened investor sentiment.
Market expectations now suggest only one potential rate cut this year, reducing appetite for high-risk investments like digital assets.
In the past 24 hours, the crypto market saw liquidations totaling $348.88 million.
Bitcoin price falls to $93K amid liquidations
Bitcoin’s price dropped to an intraday low of $93,000 before recovering slightly to trade at $95,191 at press time, marking almost a 1% decline in the last 24 hours.
The downturn coincided with $100.46 million in Bitcoin liquidations.
Despite the dip, Bitcoin’s dominance in the market rose by 0.47% to 60.30%, indicating that altcoins bore the brunt of the decline.
Ethereum, XRP, and Solana face losses
- Ethereum (ETH): ETH price slid 1% to $2,688, with a 24-hour range of $2,606.90 to $2,730.28. Liquidations in the Ethereum market reached $50.84 million. However, its market dominance held steady at 10.3%.
- XRP: The Ripple-backed asset tumbled 4% to $2.55, touching a low of $2.47 during the day. XRP witnessed $11.51 million in liquidations, though optimism remains after the U.S. SEC acknowledged Bitwise’s XRP ETF application.
- Solana (SOL): SOL faced a steeper 6% drop, trading at $167 with a daily low of $161.31. The asset recorded $36.77 million in liquidations.
Dogecoin (DOGE) lost over 2%, trading at $0.2516, with $9.08 million in liquidations.
Source: CoinMarketCap
Meanwhile, Shiba Inu (SHIB) declined 3% to $0.0000152. Other meme tokens, including PEPE and TRUMP, plunged nearly 6%, settling at $0.000009283 and $16.29, respectively.
Despite the widespread decline, a few cryptocurrencies managed to stay in the green:
- Maker (MKR): Up 12% to $1,186.27, with a notable 33.72% increase in futures open interest (OI) to $93.07 million.
- Berachain (BERA): Gained 8% to $6.44 as its futures OI climbed over 2% to $146.53 million.
- Litecoin (LTC): Rose 7% to $133.09, fueled by a 13% surge in futures OI to $851.41 million, amid speculation of an upcoming Litecoin ETF.
Biggest losers
- Virtuals Protocol (VIRTUAL): Plunged 14% to $0.9898.
- Ethena (ENA): Dropped 11% to $0.4196.
- Raydium (RAY): Fell 10% to $4.20.
Other alt/meme coins like PancakeSwap, PAX Gold, Paxos Standard, Peercoin, Pendle, Pepe, Polkadot, Polygon, Potcoin, Power Ledger, Pundi X, Pyth Network, Qtum, Quant, QuarkChain, Ravencoin, Raydium, ReddCoin, Ren, and Render came under pressure due to the broader market effect and were showing volatility in prices at the time of writing.
The post Crypto market today: Bitcoin and altcoins see decline amid market uncertainty appeared first on Invezz
In This News
Coins
$ 68.83K
+5.11%
$ 2.05K
+6.72%
$ 1.41
+3.83%
$ 55.10
+5.71%
$ 1.64K
+6.64%
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Coins
$ 68.83K
+5.11%$ 2.05K
+6.72%$ 1.41
+3.83%$ 55.10
+5.71%$ 1.64K
+6.64%Share:
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Crypto market today: Bitcoin and altcoins see decline amid market uncertainty
Share:
The cryptocurrency market remained cold on February 19, with Bitcoin (BTC) hovering around $95K.
Ethereum (ETH), Solana (SOL), and XRP recorded losses ranging from 1% to 6%, sparking concerns among investors.
The bearish sentiment is driven by multiple macroeconomic factors like trade war fears and hawkish monetary policies.
The escalating trade war speculations following President Donald Trump’s push for new import tariffs have rattled global markets.
Risk assets, including cryptocurrencies, have suffered amid growing uncertainty.
Additionally, the Federal Reserve’s stance on maintaining high interest rates for an extended period has further dampened investor sentiment.
Market expectations now suggest only one potential rate cut this year, reducing appetite for high-risk investments like digital assets.
In the past 24 hours, the crypto market saw liquidations totaling $348.88 million.
Bitcoin price falls to $93K amid liquidations
Bitcoin’s price dropped to an intraday low of $93,000 before recovering slightly to trade at $95,191 at press time, marking almost a 1% decline in the last 24 hours.
The downturn coincided with $100.46 million in Bitcoin liquidations.
Despite the dip, Bitcoin’s dominance in the market rose by 0.47% to 60.30%, indicating that altcoins bore the brunt of the decline.
Ethereum, XRP, and Solana face losses
- Ethereum (ETH): ETH price slid 1% to $2,688, with a 24-hour range of $2,606.90 to $2,730.28. Liquidations in the Ethereum market reached $50.84 million. However, its market dominance held steady at 10.3%.
- XRP: The Ripple-backed asset tumbled 4% to $2.55, touching a low of $2.47 during the day. XRP witnessed $11.51 million in liquidations, though optimism remains after the U.S. SEC acknowledged Bitwise’s XRP ETF application.
- Solana (SOL): SOL faced a steeper 6% drop, trading at $167 with a daily low of $161.31. The asset recorded $36.77 million in liquidations.
Dogecoin (DOGE) lost over 2%, trading at $0.2516, with $9.08 million in liquidations.
Source: CoinMarketCap
Meanwhile, Shiba Inu (SHIB) declined 3% to $0.0000152. Other meme tokens, including PEPE and TRUMP, plunged nearly 6%, settling at $0.000009283 and $16.29, respectively.
Despite the widespread decline, a few cryptocurrencies managed to stay in the green:
- Maker (MKR): Up 12% to $1,186.27, with a notable 33.72% increase in futures open interest (OI) to $93.07 million.
- Berachain (BERA): Gained 8% to $6.44 as its futures OI climbed over 2% to $146.53 million.
- Litecoin (LTC): Rose 7% to $133.09, fueled by a 13% surge in futures OI to $851.41 million, amid speculation of an upcoming Litecoin ETF.
Biggest losers
- Virtuals Protocol (VIRTUAL): Plunged 14% to $0.9898.
- Ethena (ENA): Dropped 11% to $0.4196.
- Raydium (RAY): Fell 10% to $4.20.
Other alt/meme coins like PancakeSwap, PAX Gold, Paxos Standard, Peercoin, Pendle, Pepe, Polkadot, Polygon, Potcoin, Power Ledger, Pundi X, Pyth Network, Qtum, Quant, QuarkChain, Ravencoin, Raydium, ReddCoin, Ren, and Render came under pressure due to the broader market effect and were showing volatility in prices at the time of writing.
The post Crypto market today: Bitcoin and altcoins see decline amid market uncertainty appeared first on Invezz
In This News
Coins
$ 68.83K
+5.11%$ 2.05K
+6.72%$ 1.41
+3.83%$ 55.10
+5.71%$ 1.64K
+6.64%Share:
In This News
Coins
$ 68.83K
+5.11%$ 2.05K
+6.72%$ 1.41
+3.83%$ 55.10
+5.71%$ 1.64K
+6.64%Share:
Read More
U.S. President Donald Trump’s Company Files Spot ETF Application for Bitcoin, Ethereum, and a Surprise Altcoin