While showing signs of recovery above $100,000, Bitcoin has now failed to catch up with the price uptrend and fell to $95k during early trading hours.
The drop in Bitcoin price comes as the FED chair Jerome Powell denies launching of a Central Bank Digital Currency (CBDC) until he is incharge. Besides, the recently turned bearish market sentiment further fueled selling.
As Bitcoin loses its momentum, several altcoins have shrunk significantly in price downtrend with ENA, CRV, TIA and TAO dropping most. Most of the top 100 crypto assets are currently down over 9%, losing all gains from the past day.
Major altcoins – including SOL, DOGE, XRP, LINK, ADA and AVAX – have taken a major hit with all downtrading at the price drop of nearly 6% in the past 24 hours.
According to Coinmarketcap data, the crypto market cap has today dropped 3.1% to $3.14 trillion. The 24 hour trading in crypto currently sits at $101 billion.
B3 (B3)
Pi (IOU)
BERA (Berachain)
LAYER (Solayer)
ONDO (Ondo Network)
PI (Pi Network): +72%
LMT (Limitus): +36%
IDEX (IDEX): +33%
AZERO (Aleph Zero): +25%
PRQ (PARISQ): +22%
Read: Pi Network to Launch Open Network on Feb 20, Pi Jumps 80%
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