In a rather theatrical turn of events, the illustrious Bitcoin has plummeted to a mere $82,000, a staggering 7.6% drop from its daily zenith of $89,100. One might say it’s a classic case of “what goes up must come down,” but in this circus, it seems the clowns are in charge!
Since the 21st of February, our dear Bitcoin has shed over 11% of its value, marking a weekly low of $82,200 yesterday. This dramatic price action has obliterated more than $260 billion from Bitcoin’s market cap, while spot Bitcoin ETFs are experiencing a rather unfortunate $2.43 billion in weekly outflow. Oh, the irony!
According to the ever-reliable Coinmarketcap, Bitcoin is currently trading at $86,300, which is a delightful 20% lower than its all-time high of $109,111, achieved on the 20th of January. A round of applause for our resilient cryptocurrency!
As the crypto market takes a nosedive, several altcoins are bleeding profusely, losing their support zones despite valiant attempts at buying. Solana (SOL), that once-mighty altcoin, has dipped to a disheartening $130 in the past 24 hours. It seems the tides are not in its favor!
Currently, SOL is trading at $140, down 18% over the past week. The tension surrounding the impending unlock of billions worth of Solana tokens is adding to the market’s delightful chaos. Who knew crypto could be so dramatic?
In the realm of other major altcoins, Ethereum (ETH) is also feeling the pinch, down 5% and hovering around $2,350, while XRP is trading at $2.21, down 3% in the past 24 hours. It’s a veritable soap opera of losses!
Moreover, mid-cap altcoins – including XDC, QNT, KAS, DEXE, OM, XMR, and MNT – have also been caught in this whirlwind of volatility this week. What a time to be alive!
Trending Crypto Today
Top Gainers Today
Top Losers Today
- ETH (Ethereum): -6%
- DEXE (DeXe): -5%
- KAS (Kaspa): -5%
- XDC (XDC Network): -5%
- MNT (
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2025-02-27 11:33