Crypto prices today (February 21) have sparked mixed investor sentiments as tokens have hovered into both red and green territories. Bitcoin (BTC) price crossed the $98K level on Friday, whereas Ethereum (ETH) traded above the $2,700 level. Simultaneously, Solana traded above the $170 mark, indicating leading coins saw growing market support. However, XRP has lost nearly 2% over the past day and is below the $2.7 level.
Notably, the recently launched Story (IP) token skyshot in value, emerging as the day’s top market gainer. Mentioned below are some of the latest market updates and how the leading crypto prices have been delivering in the past 24 hours.
Crypto Market Today: How Are BTC, ETH, SOL, and XRP Performing?
It’s worth noting that the global crypto market cap was up nearly 1% from yesterday, sitting at $3.23 trillion. Further, the total market volume in the past 24 hours rose by nearly 8% to $90.13 billion. In line with this stat, BTC, ETH, and SOL traded in the green as of press time.
Bitcoin Price Claims $98K
BTC price gained over 1% in the past 24 hours, closing in at $98,220. The flagship crypto’s intraday low and high were $96,805.78 and $98,767.19, respectively. Notably, Bitcoin’s market dominance rose by 0.23% to 60.31% today, indicating that the altcoin sector encountered more volatility.
ETH Price Jumps Marginally
ETH price witnessed a highly turbulent action over the past day and rested at $2,748 as of press time, up 0.2%. The coin’s 24-hour low and high were recorded to be $2,708.22 and $2,770.03, respectively. Notably, Ethereum’s dominance slipped to 10.25% today, per CoinMarketCap data. ETH price faces vital resistance at $2,800, a break above which could propel further gains.
XRP Price Slips
However, XRP price dropped over 2% in the past 24 hours and is currently sitting at $2.65. The Ripple-backed asset hit an intraday bottom and peak of $2.64 and $2.74, respectively. Notably, the odds of an XRP ETF have further risen as Grayscale’s filing enters SEC review mode. Given that the approval is secured ahead, the price could leverage considerable bullish support and pump.
SOL Price Springs
SOL price witnessed a slight uptick of 0.5% intraday and is currently trading at $174.55. The coin hit a low and high of $170.99 and $176.59 in the past 24 hours. The broader market trend appears to prevent the coin from gaining further.
Meme Crypto Prices Today
Meanwhile, Dogecoin (DOGE) price saw a 1.5% decline in value and exchanged hands at $0.253. Similarly, SHIB price dropped 0.5% to $0.00001552.
However, Pepe Coin (PEPE) jumped over 1% intraday, closing in at $0.000009722. Even FLOKI saw a pump of over 3% to $0.00009888.
Top Gainer Crypto Prices Today
Story (IP)
Price: $4.78
24-hour Gains: +68%
The new AI project stole the spotlight with its intellectual property (IP)-focused blockchain and associated IP token launch last week, now emerging as a hot trend with phenomenal price gains.
Sonic (S)
Price: $0.9372
24-hour Gains: 30%
Sonic price rises against the backdrop of strong market technicals and rising investor support, as indicated by a weekly surge of over 75% and rising market cap, now at $2.78 billion.
Maker (MKR)
Price: $1,405
24-hour Gains: +18%
Notably, Maker price soars against the backdrop of massive MKR burns, as per recent Whale Alert data on X.
Top Loser Crypto Prices Today
Bitget Token (BGB)
Price: $4.65
24-hour Loss: -4%
Aptos (APT)
Price: $6.37
24-hour Loss: -3%
Ethereum Classic
Price: $20.91
24-hour Loss: +3%
In conclusion, market watchers continue to extensively eye the crypto prices with uncertainty amid mixed trends. Although a strategic Bitcoin reserve bill is looming in the U.S. and numerous altcoin ETF-related filings have been made, whale accumulations & prices are stagnant. Crypto market analyst Ali Martinez further revealed on X that the recent BTC accumulation trend score signaled whales are either distributing or not accumulating. In turn, an uncertain sentiment continues to brew among traders and investors globally.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitcoin Breaches $98K, Ethereum, Dogecoin Flat As SEC Relaxes Crypto Enforcement: Top Analysts Are Focused On This Level For A Potential BTC Upside MSN
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The crypto market on Saturday again garnered investor attention across the globe, with coins mainly illustrating rising price trajectories. Bitcoin (BTC) price traded near the $98K level on February 15, whereas Ethereum (ETH), Solana (SOL), and XRP prices pumped 1%-10%. Notably, even the meme coin market has mirrored a bullish action, with the particular sector’s market cap soaring 6.5% to $75.66 billion.
Here’s a brief report on some of the most trending coins for the day and how they are delivering across the market.
Crypto Market On February 15: BTC & Altcoins Show Signs Of Recovery
Despite macroeconomic heat, the global cryptocurrency market cap jumped 1.8% intraday, reaching $3.26 trillion. Further, even the global market volume saw a 5% increase to $107.9 billion. In turn, traders and investors remain optimistic amid a renewed bullish movement in the market.
BTC & ETH Gain Over 1%
BTC price witnessed an uptick of slightly over 1% in the past 24 hours, reaching $97,839. The coin’s intraday bottom and peak were $96,342.81 and $98,819.47, respectively. Notably, BTC recorded $38.57 million worth of liquidations in the past 24 hours, with $25.45 million in short.
Simultaneously, ETH price also increased by 1% intraday and is currently at $2,725. The crypto’s 24-hour low and high were $2,680.03 and $2,790.02, respectively. Ethereum recorded slightly over $27 million worth of liquidations over the past day, with $14.53 million in short.
XRP Price Soars 10%
XRP price skyshot nearly 10% in the past 24 hours, now trading at $2.81. The coin’s intraday bottom and peak were $2.54 and $2.83, respectively. Notably, the Ripple Labs-backed asset sees a phenomenal rising trajectory as an XRP ETF seems to be imminent. CoinGape recently reported that the U.S. SEC acknowledged 21Shares XRP ETF filing right after Grayscale’s.
Solana Price Jumps 2%
SOL price witnessed an uptick of nearly 2% as of press time, reaching $198. The coin’s 24-hour low and peak were $195.04 and $205.13, respectively. Solana currently trades in sync with the broader cryptocurrency market’s rising movement.
Meme Crypto Market Reflects Highly Bullish Action
Simultaneously, meme coins have stolen the spotlight on Saturday with remarkable price gains. Dogecoin (DOGE) price saw a pump of over 7% intraday, reaching $0.2808. Further, even Shiba Inu (SHIB) surged over 3% to $0.00001695. Pepe Coin (PEPE) witnessed gains worth nearly 5% and exchanged hands at $0.00001032.
Moreover, the recent hot buzz of the dog-themed meme coin community, CZ’s dog-named token BROCCOLI’s price surged 347% to $0.06676 amid rising crypto whale accumulations.
Top Crypto Market Gainers Today
MANTRA (OM)
Price: $7.66
24-Hour Gains: +36%
Notably, OM price also hit a new ATH intraday at $7.89. The token soars in tandem with a 55% surge in its futures OI, reaching $647.11 million, per Coinglass data.
Official TRUMP (TRUMP)
Price: $21.98
24-Hour Gains: +34%
The TRUMP meme coin also pumps alongside a 38% increase in its futures OI to $700.44 million, underscoring heightened market interest in the asset amid broader trends.
Dogwifhat (WIF)
Price: $0.7085
24-Hour Gains: +15%
WIF price also surged against the backdrop of a 17% increase in its futures OI to $243.04 million.
Top Crypto Market Losers Today
PancakeSwap (CAKE)
Price: $2.50
24-Hour Loss: -10%
Bitget Token (BGB)
Price: $5.30
24-Hour Loss: -6%
Onycoin (XCN)
Price: $0.02195
24-Hour Loss: -5%
In conclusion, despite macroeconomic events such as Trump’s new tariffs and U.S. CPI & PPI data putting pressure on the crypto market, today’s bullish trajectory solidifies optimism over future movements.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto Price Today: Bitcoin jumps above $98K ahead of Fed Chair Powell’s testimony; Cardano, Sui surge up The Economic Times
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The crypto market on Wednesday again illustrated a volatile movement after showing signs of recovery recently. Bitcoin (BTC) price slipped back to the $98K level over the past day, whereas altcoins like Ethereum (ETH), Solana (SOL), and XRP have mainly mimicked a waning movement. However, MELANIA meme coin defied the broader market trend, trading dominantly in the green zone.
Here’s a closer look at some of the most trending coins for the day and how they are delivering.
Crypto Market Volatility Sparks Investor Concerns
Despite Trump’s new tariffs being paused and the broader market showing signs of recovery yesterday, a highly volatile movement kicked in on February 5. Cryptocurrency prices mainly dropped, with the global market cap further shrinking by 2.84% to $3.22 trillion. Also, the total market volume declined 24.46% from yesterday, reaching $193.74 billion.
Bitcoin Price Fluxes Near The $98K Level Amid Crypto Market Volatility
At the time of reporting, BTC price lost nearly 3% in value and exchanged hands at $98,054. The flagship coin’s 24-hour low and high were $96,208.11 and $100,826.91, respectively. Notably, the current waning action aligns with BTC recording $123.44 million worth of liquidations intraday, per Coinglass data. However, Bitcoin’s market dominance was up 0.07% to 60.40%.
Ethereum Price Cracks Over 3%
ETH price mimicked a waning action in tandem with the broader crypto market trend, down slightly over 3% to $2,721. The coin’s intraday bottom and peak were $2,636.17 and $2,869.51, respectively. It’s worth mentioning that Ethereum recorded $146.76 million worth of liquidations in the past 24 hours, signing with the price dip.
XRP Price Drops 8%
Further, the Ripple Labs-backed cryptocurrency witnessed an alarming 7% fall over the past day, reaching $2.51. The coin’s 24-hour low and high were $2.44 and $2.73, respectively. Notably, XRP price pulled back amid the network facing issues regarding consensus running and validations, as spotlighted by Ripple CTO David “JoelKatz” Schwartz on X.
Solana Price Drops In Sync
Meanwhile, SOL price mirrored the broader market trend, dipping nearly 4% to $207. The coin’s 24-hour low and high were $202.85 and $218.30, respectively.
Meme Crypto Market Wanes
Simultaneously, meme coins like DOGE, SHIB, and PEPE also tanked remarkably. DOGE price was down by over 6% intraday, resting at $0.2642. SHIB price slipped by 2% over the past day and is now trading at $0.00001593. Further, PEPE price plunged over 4% and is currently sitting at the $0.00001 level.
Top Crypto Market Gainers Today
Official Melania Meme (MELANIA)
Price: $1.68
24-Hour Gains: +16%
Sui (SUI)
Price: $3.67
24-Hour Gains: +4%
Pudgy Penguins (PENGU)
Price: $0.01343
24-Hour Gains: +4%
Hyperliquid (HYPER)
Price: $25.58
24-Hour Gains: +3%
Top Crypto Market Losers Today
Ethena (ENA)
Price: $0.5962
24-Hour Loss: -9%
Aerodrome Finance (AERO)
Price: $0.8903
24-Hour Loss: -8%
Jito (JTO)
Price: $2.89
24-Hour Loss: -7.5%
Kaspa (KAS)
Price: $0.09811
24-Hour Loss: -7%
Overall, broader market sentiments remain optimistic about long-term prospects, given recent developments around a U.S. Bitcoin reserve. Notably, Crypto Czar David Sacks revealed that the U.S. is currently evaluating the creation of a strategic Bitcoin reserve, CoinGape reported. In turn, market experts eagerly await the bullish development, with some expecting a better state of prices across the sector in the future in light of this development.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrency prices today showed overall gains, with the global crypto market cap rising 3.50% to $3.44 trillion. The total trading volume over the last 24 hours has decreased by 16% due to Christmas. The Crypto Fear and Greed Index is stable at 73 today, indicating “Greed” sentiment.
Bitcoin (BTC) price today holds above $98,000 after retracing from the $99K level. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) showed signs of recovery after profit booking as investors anticipate a Santa Claus rally. Meme coins DOGE and SHIB also surged 3% and 4% in the last 24 hours.
Meanwhile, Fartcoin, Pudgy Penguins (PENGU) and Movement (MOVE) lead the gainers today, with FARTCOIN skyrocketing over 70% over the last day. Here’s an overview of the leading cryptocurrencies by market capitalization and price movements.
Cryptocurrency Prices Today: BTC, ETH, XRP, & Other Altcoins Rebound
The cryptocurrency market witnessed moderate gains in prices today, with Bitcoin (BTC) and Ethereum (ETH) rebounding more than 4% and 3%, respectively. This has fueled a bullish sentiment, triggering a recovery in broader market due to expectations of a Santa Claus rally.
Bitcoin Price Today
Bitcoin (BTC) price hit a high of $99,404 today, with the price currently trading above $98,200. BTC jumped more than 4% as it rebounded from a 24-hour low of $93,689. Meanwhile, the trading volume has dropped 25% to $44 billion from a $70 billion average yesterday. Bitcoin’s market dominance rose to 56.71%, up 0.47% over the last day.
As per SoSoValue, BTC ETFs recorded $338.4 million in net outflows on Tueday. It’s the fourth consecutive outflow from spot Bitcoin ETFs causing negative sentiments in the market. BlackRock Bitcoin ETF (IBIT) recorded its largest outflow of $188.7 million. Fidelity’s FBTC had an outflow of $83.2 million, followed by ARKB with $75 million.
While Bitcoin has rallied nearly 115% this year, most mining stocks have performed poorly. Among the 25 listed companies, only 7 have achieved positive returns, including CORZQ up 327%, WULF up 169%, BTDR up 167%, HUT up 91%, IREN up 72%, NB2 up 58%, CIFR up 33%. Whereas, ARB fell 84%, and HIVE fell 29%. Meanwhile, Russia bans crypto mining in six regions till 2031, sparking concerns.
Ethereum Price Today
Ethereum (ETH) price jumped 3%, with the price currently trading at $3,490. The 24-hour low and high are $3,381 and $3,535, respectively. However, the trading volume has declined 28% over the last 24 hours, indicating a decline in interest from traders.
While spot Bitcoin ETFs lost shine, spot ETH ETFs recorded second consecutive inflows on Tuesday. The net inflow was $53.6 million, as per Farside data, with BlackRock’s iShares Ethereum ETF (ETHA) witnessing $43.9 million in inflow.
Ethereum developers are eyeing Fusaka upgrade as the next major upgrade after the Pectra. The enhancements will help Ethereum and its associated Layer-2 solutions sustain their decentralized finance (DeFi) growth momentum.
XRP Price Today
XRP price is trading at $2.30, a 2% increase in the last 24 hours. The 24-hour low and high are $2.22 and $2.35, respectively. With a market cap of $131.63 billion and a trading volume of $5.74 billion today. The cryptocurrency saw its prices gain upside momentum today despite a 29% decline in trading volume.
Analysts predicted a potential 60% surge in the coming days. Ripple’s RLUSD stablecoin saw its listing on major exchanges including Bullish and Singapore’s Independent Reserve.
Solana Price Today
Solana (SOL) price jumped 4% in the last 24 hours, with the price now changing hands at $198.61. SOL needs to reclaim above the $200 psychological level to continue further gains. It saw an intraday low and high of $189 and $201.63, respectively, with trading volume down 15% over the last 24 hours.
Binance and founder Changpeng “CZ” Zhao argued the US SEC failed to support multiple allegations and the court must dismiss the lawsuit. This includes claims against the SEC considering tokens such as Solana (SOL) listed on the exchange as securities.
Meme Cryptocurrency Prices Today
Meme coins have also shown signs of recovery today. Dogecoin (DOGE) was up by over 3%, trading at $0.333, while Shiba Inu (SHIB) also gained 4%, trading at $0.0000234. Other top meme coins like Pepe Coin, Bonk, Floki and WIF were up 2%-4% in the last 24 hours.
Top Gainers Cryptocurrency Prices Today
Fartcoin Lead Crypto Market Today
FARTCOIN price rallied over 70% in the last 24 hours, with the price now trading at $1.20. It hit a 24-high of $1.29 after gaining from a 24-hour low of $0.738. The market cap surged 65% to $1.19 billion and trading volume shot up 30% in the last 24 hours.
Pudgy Penguins
PENGU price jumped nearly 20% in the last 24 hours, with the price now trading at $0.036. Trading volume has increased by 183% in the last 24 hours, hitting a 24-high of $0.03929. Pudgy Penguins (PENGU) token jumped following its listing on the leading Korean crypto exchange Bithumb.
Movement
MOVE jumped 18% in the last 24 hours, with the price currently trading at $1.01. The 24-hour low and high are $0.8169 and $1.14, respectively. Moreover, the trading volume has increased 101% over the last 24 hours, indicating a rise in interest among traders.
Top Losers Cryptocurrency Prices Today
Virtual Protocol
VIRTUAL price fell by 4% in the last 24 hours, now trading at $3. The cryptocurrency prices today show that the 24-hour low and high at $2.91 and $3.22, respectively. The market cap fell to $3 billion and the trading volume is down 20% to $304 million.
XDC Network
XDC price has dropped by 3% in the last 24 hours, with the price currently changing hands at $0.08206. The cryptocurrency prices today show that the 24-hour low and high at $0.0813 and $0.08531, respectively.
Besides, the crypto market has continued to hold upside momentum in the last few hours with positive signs of further upside in Bitcoin (BTC), Ethereum (ETH), and major altcoins. Traders are expecting a rally after Christmas from the year’s end crypto options expiry.
Varinder Singh
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrency Prices Today, December 11: The crypto markets have shown mixed reactions within 24 hours. BTC traded within the range of $93K to $98K, staying in the zone. Ethereum briefly dropped below $3,500. XRP also fell below $2 but rose by 6% in the past 24 hours.
XDC Network emerged as the top gainer, jumping 20% during the same period. ONDO (ONDO) was also up by 18%, reflecting strong momentum. The global market cap dipped by approximately 1%, now at $3.40 trillion. Overall trading volume declined by 7%, currently at $305 billion. Let’s delve deeper into the price movements and trends for top cryptocurrencies on December 11.
Cryptocurrency Prices Today: BTC Holds Steady, ETH Dip 2%, XRP Soars 6%
After a market crash on Monday, where BTC touched a low of $94K, cryptocurrency prices today showed signs of recovery, with BTC now trading above $97K. Ethereum saw a 2% drop, while other top coins like BNB and SOL declined by 1% to 2%.
Bitcoin Price Today
Bitcoin (BTC) price was trading at $97,198, with a high of $98,210 and a low of $94,263. Its market cap stood at $1.92 trillion, with a trading volume of $104 billion. Market dominance climbed back to 55.90%, showing Bitcoin’s continued strength in the crypto space.
Cryptocurrency prices today also highlighted significant institutional activity, signaling increasing investor interest. SoSo Value reported a daily inflow of $143 million into BTC ETFs, while data from BlackRock is still awaited. Fidelity emerged as a key buyer, recording $210 million in inflows. Meanwhile, Grayscale’s GBTC saw $62 million in sales, reflecting contrasting investor sentiment.
In other news, MicroStrategy is reportedly aiming for inclusion in the Nasdaq 100 index. This move underscores its strong market performance and growing recognition in the broader financial ecosystem.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,663, marking a 1% decline in the last 24 hours. Its 24-hour low and high were $3,518 and $3,772, respectively. The market cap stood at $440 billion, with a trading volume of $55 billion. Ethereum maintained a market dominance of 12.80%, securing its position as the second-largest cryptocurrency by market cap.
Cryptocurrency prices today also showed significant inflows into Ethereum ETFs. ETH ETFs saw a total inflow of $224 million, with $202 million attributed to Fidelity, while data from BlackRock remains awaited.
In other developments, Goldman Sachs CEO David Solomon expressed plans to expand operations into Bitcoin and Ethereum markets if regulatory conditions change. Solomon emphasized that, as a regulated banking institution, the firm is currently unable to buy or sell Bitcoin or any other digital currencies directly.
XRP Price Today
XRP price was trading at $2.30, reflecting a 6% jump in the last 24 hours. Its 24-hour low and high were $1.91 and $2.40, respectively, with a market cap of $13 billion and a trading volume of $26 billion.
Cryptocurrency prices today also revealed notable whale activity in the XRP market. According to a CryptoQuant update, XRP whales have transferred over 2.66 billion XRP to Binance over the past 30 days. Analyst J.A. Maartun highlighted that this marks the highest whale movement since April 2024, indicating significant market dynamics.
Solana Price Today
Solana (SOL) price was trading at $218, reflecting a 4% jump in the last 24 hours. Its 24-hour low and high were $203 and $219, respectively, with a market cap of $103 billion and a trading volume of $8.23 billion.
Cryptocurrency prices today also brought attention to optimistic predictions for Solana. Bitwise has forecasted that Solana, along with Bitcoin and Ethereum, will reach new all-time highs in 2025. This projection highlights growing confidence in the long-term potential of these major cryptocurrencies.
Meme Cryptocurrency Prices Today
Meme coins are showing positive bullish momentum today. Dogecoin (DOGE) is up by approximately 1%, now trading at $0.39. Shiba Inu (SHIB) jumped over 6%, reaching $0.00002711.
Other top meme coins like PEPE, BONK, and WIF have seen a slight dip, down by just 2% in the past 24 hours. Despite the decline, the overall trend in the meme coin market appears to be more optimistic.
Top Cryptocurrency Gainer Prices Today
XDC Network
XDC price saw a remarkable 20% increase in the last 24 hours, making it the top gainer for today. It is currently trading at $0.092, with a 24-hour low of $0.07722 and a high of $0.093. This surge reflects strong market interest and growth in the XDC network.
Ondo
Cryptocurrency prices today showed strong momentum as ONDO price traded at $1.66, marking an 18% jump over the past 24 hours. Its 24-hour low was $1.40, with a market cap of $2.32 billion and a trading volume of $733 million. ONDO emerged as the second top gainer for today, reflecting impressive growth in the market.
Bitget Token
Bitget Token (BGN) price was trading at $2.92, reflecting a 17% jump over the last 24 hours. Its 24-hour low was $2.40, with a market cap of $4.1 billion and a trading volume of $325 million. This positive momentum highlights significant growth in Bitget Token’s market performance.
Top Cryptocurrency Loser Prices Today
Movement
Movement (MOVE) has been the worst performer for the last 24 hours, experiencing a massive 311% drop in its price, now trading at $0.6862. Its 24-hour high was $1.44, with a market cap of $1.55 billion and a trading volume of $5.366 billion. Cryptocurrency prices today reflect this drastic decline, making MOVE a notable outlier in an otherwise stable market.
Aerodrome Finance
AERO price was trading at $1.86, reflecting a 9% drop. Its 24-hour high was $2.021, with a market cap of $1.32 billion and a trading volume of $106 million. This decline in price highlights the current fluctuations in cryptocurrency prices today.
Ethena
ENA price was down by 6% and is now trading at $0.9087. Its 24-hour low and high were $0.85 and $1.0183, respectively, reflecting the recent volatility in its price movement.
Besides this, cryptocurrency prices today appear bullish on the hourly chart, with major coins like Bitcoin and top altcoins up by 1% to 2% in the last hour. This positive momentum suggests a short-term recovery as the market shows signs of strength.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Bitcoin price has continually tested resistance levels above $95,000 in its pursuit to reach and surpass the anticipated $100,000 all-time high. Following its surge to $98,000, a crypto analyst has asserted that the BTC price has officially entered the parabolic phase of this four-year market cycle.
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Bitcoin Price Enters Parabolic Phase
Popular crypto analyst Rekt Capital has declared to his 517,800 followers on X (formerly Twitter) that Bitcoin, the world’s largest cryptocurrency, has officially and completely transitioned into its “Parabolic Upside phase” this bull cycle. The analyst shared a chart illustrating the coin’s price action during the 2021 bull run and the current bull cycle.
After its halving event in 2022, the Bitcoin price experienced a massive rally that pushed it to its 2021 all-time high of over $64,000. At the time, Bitcoin had experienced a significant correction before fully entering its bullish upside phase.
Interestingly, a similar trend can also be seen in this bull cycle, signaling a possibility of more price rallies. In the last few months, the BTC price entered a re-accumulation phase characterised by slight declines and consolidation before recording a subsequent rally above $99,000.
Rekt Capital disclosed that after BTC hit $98,000, the pioneer cryptocurrency had successfully entered its parabolic upside phase. This phase suggests that Bitcoin could rise even higher, matching analysts’ expectations in this bull market.
On November 27, Rekt Capital also shared a post illustrating the crypto asset’s steady progression into the parabolic phase. He pointed out that the cryptocurrency was on the verge of exiting a reaccumulation phase and transitioning into the parabolic upside, as indicated by the green zone on the price chart.
Bitcoin Price: $100,000 ATH – Now Or Never
The crypto community is on an intense bullish ride, as analysts and investors widely anticipate the Bitcoin price surge to $100,000. The leading cryptocurrency has been trading just shy of the $100,000 mark, experiencing a price increase above $98,000 at some point in the past week.
A crypto analyst identified as Trader of Crypto on X is tapping into this strong bullish trend, announcing that “the clock is ticking” for Bitcoin to reach $100,000. His statement underscores how close Bitcoin is to reaching the milestone during this cycle.
Trader of Crypto has also stated that it is only a matter of time before Bitcoin breaks past the anticipated $100,000 all time high. While the analyst has maintained a bullish outlook on Bitcoin, he has also presented a price chart that suggests that the cryptocurrency could experience a crash towards $46,757 if bears take over.
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The Bitcoin price is currently trading at $96,965, marking a 1% increase in the past 24 hours, according to CoinMarketCap.
Featured image from Pexels, chart from TradingView
Cryptocurrency Prices Today, November 23: The broader market movement on Saturday sparked bullish momentum globally. Bitcoin remains steady at $98K, while major altcoins like ADA, XRP, and AVAX surged between 14% and 25%. Notably, Hedera (HBAR) and Stellar (XLM) emerged as top performers, registering jumps of 25% to 55% in the last 24 hours.
Simultaneously, the global crypto market cap witnessed a 1.5% increase in the past 24 hours, currently at $3.33 trillion. However, the total market volume declined by 12% from yesterday and is now at $219 billion. Let’s dive into a brief report on the top cryptocurrencies by market cap and their price movements on November 23.
Cryptocurrency Prices Today: BTC Holds Steady, ETH & SOL Unchanged, XRP Soars 15%
Bitcoin (BTC) remains stable at $98K, holding its position for the past 24 hours. Similarly, Ethereum (ETH) and Solana (SOL) have shown no significant movement during this period. However, XRP has surged by 14%, leading the gainers. Among the top meme coins, Dogecoin and Shiba Inu have also witnessed a 9% increase in the last 24 hours, reflecting positive momentum in the cryptocurrency prices today.
Bitcoin Price Today
BTC price chart appears steady, currently trading at $98,550. Its intraday low and high are $97,222 and $99,655, respectively. Bitcoin’s market cap is $1.95 trillion, with a 24-hour trading volume of $76 billion.
According to Sosovalue data, 22.85 million BTC flowed out of 12 BTC ETFs. However, BlackRock’s IBIT data is still awaited. With a dominance of 58.59%, Bitcoin remains the largest cryptocurrency by market cap.
Ethereum Price Today
Ethereum (ETH) remains unchanged, currently trading at $3,333. Its 24-hour low and high are $3,262 and $3,428, respectively, showing minimal price movement. ETH has gained 7% over the past week, indicating positive short-term performance. With a market cap of $400 billion, ETH remains strong in the market.
The 24-hour trading volume for Ethereum is $38 billion, and it commands a market dominance of 12%. ETH ETFs saw an outflow of 8.47 million, and BlackRock’s IBIT data is yet to be released, which may further influence the market.
Solana Price Today
Solana (SOL) is down by 2% in the last 24 hours, currently trading at $255. Its 24-hour low and high are $252 and $263, respectively, showing slight fluctuations. Over the past week, SOL has risen by 17.5%, reflecting strong growth. With a market cap of $121 billion and a 24-hour trading volume of $7 billion, Solana remains the fourth-largest cryptocurrency globally.
XRP Price Today
XRP price has jumped by 15% in the last 24 hours, currently trading at $1.566. Its 24-hour low and high are $1.367 and $1.621, respectively, showing strong volatility. XRP has surged by 75% in the past week and 200% in the last 30 days, reflecting impressive growth. With a market cap of $89 billion and a trading volume of $20 billion, XRP is now the sixth-largest cryptocurrency by market cap.
Meme Coins Performance Today
Dogecoin (DOGE) has increased by 9% and is currently trading at $0.42. Its 24-hour low and high are $0.3858 and $0.4296, respectively, showing solid market movement.
Similarly, Shiba Inu (SHIB) is also up by 9%, trading at $0.00002698. Its 24-hour low and high are $0.00002437 and $0.00002749, respectively, reflecting positive momentum.
On the other hand, other meme coins like PEPE, BONK, and WIF have experienced declines of 2% to 8% in the past 24 hours. These drops indicate some volatility in the meme coin sector.
Top Cryptocurrency Gainer Prices Today
Stellar
Stellar (XLM) price is currently trading at $0.44, marking an impressive 55% increase in the last 24 hours. Its 24-hour low and high are $0.2766 and $0.4624, respectively, reflecting significant volatility and strong market momentum.
Hedera
Hedera (HBAR) is currently trading at $0.1542, up by 25% in the last 24 hours. Its 24-hour low and high are $0.1275 and $0.1681, respectively, showing strong price fluctuations and growth.
Cardano
Cardano (ADA) price is up by 24% and is currently trading at $1.09. Its 24-hour low and high are $0.85 and $1.137, respectively, reflecting significant movement, and it is the ninth-largest cryptocurrency by market cap.
Top Cryptocurrency Loser Prices Today
Peanut the Squirrel
Peanut the Squirrel (PNUT) is down by 13% in the last 24 hours and is currently trading at $1.11. Its 24-hour low and high are $1.04 and $1.31, respectively, indicating a decline in its price.
Popcat (SOL)
Popcat (POPCAT) is down by 9% and is currently trading at $1.43. Its 24-hour low and high are $1.415 and $1.612, respectively, showing a decline in price over the past day.
Raydium
Raydium (RAY) is down by 8% in the last 24 hours and is currently trading at $5.98. Its 24-hour low and high are $5.913 and $6.432, respectively, indicating a decrease in price during this period.
Besides, the hourly time frame chart continues to spark bullish momentum for cryptocurrency prices today. BTC is up by 0.4%, ETH is up by 0.5%, and Dogecoin has risen by 4%, sparking discussions among traders and investors about future price movements.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
- Analyst says the miss is a surprise, “a black swan”
- Bitcoin price has faced increased sell-off pressure in the last two weeks
- As of writing, BTC is trading near $55,000, after having touched a 30-day low of $54,311 early Friday
- PlanB reiterates that Bitcoin price could still hit $100,000 by the end of 2021
PlanB, the analyst behind the stock-to-flow (S2F) model that has projected Bitcoin price surging beyond $100,000 by the end of the year, has admitted his prediction of $98,000 at the end of November might be a “first miss,” since he started charting BTC’s monthly targets.
While he maintains that Bitcoin price will still hit its S2F milestones, he has come out to say this one (the $98k target) is “an outlier” that has not happened before in the past ten years.
Where’s the Bitcoin price today?
Bitcoin rallied to a new all-time high of $69,044.77 on 10 November according to data from CoinGecko, an analytics platform that tracks and aggregates BTC price on all the major trading platforms.
Since then, the benchmark crypto’s price has spiraled lower and currently sits around 20% off that landmark level. As of writing, Bitcoin is at $54,488, nearly 5% in the past 24 hours and over 15% in the past two weeks.
With downside pressure across the markets and sentiment south only days to the end of November, PlanB has acknowledged the monthly close will not hit the targeted price.
Floor model $98K Nov close will probably be a first miss (after nailing Aug, Sep, Oct). S2F model not affected and indeed on track towards $100K. pic.twitter.com/QO3bRUoGo3
— PlanB (@100trillionUSD) November 25, 2021
“An outlier, a black swan”
PlanB says the fact that Bitcoin has failed to break higher is a surprise, but does he think Bitcoin can still hit $100,000 this year?
According to him, that’s still the prediction based on the stock-to-flow model.
He says the target set to be missed (November), was modeled on the prediction tool dubbed “floor model” and not S2F. Thus, Bitcoin will still hit the targeted $100,000.
“I see this miss as an outlier, a black swan that has not occurred in the data last 10 years,” he noted as some on crypto Twitter seized on his admission to criticize him.
Notably, PlanB was spot on with his Bitcoin prices for August and September at $47,000 and $43,000 respectively. The monthly close for October was however about 3% off, with Bitcoin priced around $63,000 at the time.
Some observers say the ‘second miss’ is an indicator that the analyst’s predictions are misleading. However, as with many other investors and traders, PlanB says people need to take responsibility for their investments.
It is indeed absurd that when you publish information for free, somehow people make you responsible for their investment decisions and actions. Everybody is responsible for their own (investment) decisions and actions. Blaming others is a sign of immaturity: NGMI.
— PlanB (@100trillionUSD) November 25, 2021
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