Highlights
Crypto prices on Tuesday have continued stirring up market uncertainty, mainly illustrating an extended sluggish performance. Bitcoin (BTC) price continues to hover around the $96K level on Feb 18, although Ethereum (ETH) gained slightly by 2%. Besides, XRP and Solana (SOL) prices dropped 2%-5% in the interim, solidifying investor uncertainty. Nevertheless, Sonic (S) emerged as the day’s top gainer, defying the broader turbulence.
Here’s a brief collection of some of the most trending coins for the day and how their prices are delivering in the market
Notably, the global cryptocurrency market cap was down by 0.26% from yesterday, reaching $3.18 trillion. This data indicated that the broader market faces some heat at the moment, primarily attributable to macroeconomic factors such as rising U.S. inflation and unchanged interest rates. However, the total market volume was up 56.04% to $94.67 billion intraday. Let’s dig deeper into the coins’ prices for today.
After a notable sideways trading session, BTC price exchanged hands at $96,258, up marginally by 0.07% from yesterday. The coin’s intraday low and peak were $95,243.54 and $97,032.24, respectively. Bitcoin’s dominance was up 0.10% from yesterday, reaching 59.83%.
Simultaneously, ETH price gained roughly 2% in the past 24 hours and closed in at $2,712. The coin’s 24-hour low and high were $2,640.18 and $2,848.78, respectively.
Meanwhile, XRP’s price plunged nearly 2% intraday, reaching $2.66. The Ripple-backed asset’s 24-hour bottom and peak were $2.61 and $2.73, respectively. Notably, XRP’s price slips despite Ripple’s USD (RLUSD) stablecoin hitting a new milestone with 120 million tokens circulating in supply.
Also, SOL price dipped by 4.5% in the past 24 hours, reaching $177.96. Its intraday bottom and peak were $175.26 and $186.82, respectively. Notably, CoinGape reported that Solana’s price dipped amid bearish whale maneuvers, declining DEX volumes, and other stats indicating a loss of market confidence in the asset.
Price: $0.626
24-Hour Gains: +17%
Notably, Sonic’s price rises amid its TVL hitting a high of $426.66 million, signaling heightened market confidence in the asset.
Price: $1,063
24-Hour Gains: +7%
MKR soars alongside a slight increase in its futures OI to $69.71 million.
Price: $5.98
24-Hour Gains: +6%
Notably, BERA’s price has shot up in tandem with a 23% increase in its futures OI to $144.29 million.
Price: $2.72
24-Hour Loss: -11%
Price: $17.25
24-Hour Loss: -8%
Price: $0.7921
24-Hour Loss: -7%
Overall, despite the broader market turbulence, renowned crypto analyst Titan of Crypto took to X, projecting a bullish outlook for prices. “Alts are set to bounce soon, IMO,” the analyst claims, spotlighting historical charts. Traders and investors continue to monitor asset prices, expecting an optimistic trajectory shift shortly ahead.
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