Crypto Market Today (Feb 24): BTC Slips To $95K, ETH Above $2,700

Crypto Market Today (February 24): A wave of caution engulfed traders and investors as the week kicked off, primarily as Bitcoin (BTC) price waned back to the $95K level. Ethereum (ETH), Solana (SOL), and XRP prices also tanked 1%-5%, mimicking the flagship coin. The meme coin market also saw prices entering the red zone on Monday.

Below are price reports and the latest market updates about some of the top cryptocurrencies.

Crypto Market Today: BTC & Altcoins Reflect Volatility

CoinMarketCap’s data showed that the global crypto market cap was down over 1%, reaching $3.15 trillion at the time of reporting. This statistic underlined the broader market’s waning action today.

Also, Coinglass data showed that over $191 million was liquidated in the past 24 hours. In turn, market watchers witness price volatility today.

BTC Price Slips To $95K

As of press time, BTC price witnessed a 1% decline in value, reaching $95,534.42. The coin’s intraday bottom and peak were $95,270.45 and $96,594.97. BTC saw $25.08 million worth of liquidations over the past day. Nevertheless, the coin’s dominance was up 0.31% to 60.31%.

ETH Price Wanes 2%

ETH price dropped by 2% in the past 24 hours, closing in at $2,710. The coin hit a low and peak of $2,714.12 and $2,850.61, respectively. Ethereum recorded $46.06 million liquidated in the past 24 hours. Meanwhile, the crypto’s market dominance stood at 10.4%.

XRP Price Dips

XRP price also fell by nearly 2.5% in the past 24 hours, exchanging hands at $2.48. The Ripple-backed asset’s intraday bottom and peak were $2.49 and $2.60, respectively. XRP recorded $7.54 million worth of liquidations over the past day. CoinGape reported that Ripple’s XRP encounters key resistance at $2.60 while the price nears a breakout zone.

Solana Pulls Back 5%

SOL price plunged 5.5% in the past 24 hours and is currently trading at $160.78. The coin’s 24-hour low and high were $160.85 and $173.04, respectively. Solana recorded $15.83 million worth of liquidations over the past day.

Meme Crypto Market Mimics Volatility

Dogecoin (DOGE) price saw a 5.5% dip as of press time, trading at $0.2302. Shiba Inu (SHIB) price dropped 4% to $0.00001491. Also, Pepe Coin (PEPE) plummetted 4.5% to $0.000009024. Meme coins are mainly following the broader market trend, waning amid liquidations.

Top Crypto Market Gainers Today

Sonic (S)

Price: $0.9076
24-Hour Gains: +12%

Cronos (CRO)

Price: $0.08952
24-Hour Gains: +5%

Monero (XMR)

Price: $236.29
24-Hour Gains: +1.5%

Top Crypto Market Losers Today

Raydium (RAY)

Price: $3.24
24-Hour Loss: -24%

Hyperliquid (HYPE)

Price: $22.38
24-Hour Loss: -8%

Story (IP)

Price: $4.03
24-Hour Loss: -8%

It’s worth mentioning that the cryptocurrency sector witnesses volatility against the backdrop of rising exploitation attacks. Crypto exchange Bybit suffered an attack recently, with nearly $1.4 billion in ETH drained from the platform.

Further, the stablecoin neobank Infini was hacked in another similar saga, resulting in the drainage of 49.5 million DAI from the platform. The rising cyber-attacks may have triggered a panic selling sentiment among investors, with ETH particularly taking heat.

Meanwhile, despite today’s volatile trend, analyst ‘Titan of Crypto’ has taken to X, projecting optimism over the market’s future prospects. “Altcoins comeback will be legendary,” the analyst states, citing bullish market cap chart formations.