The Cryptocurrency Bazaar on 21 February witnessed mixed movements crossing the $ 98,000 mark to Bitcoin (BTC), while the Etharium (Ath) and Solan (Sol) posted a minor advantage.
The total global crypto market capitalization was $ 3.23 trillion, which was growing about 1% from the previous day.
Meanwhile, the total market volume increased by 8% to $ 90.13 billion, exposing increased trading activity in digital assets.
Despite the widespread uptard, the XRP faced pressure down to lose about 2% in the last 24 hours.
The latest data indicates an increase in instability in altcoins, as bitcoin dominances up to 60.31%, which reflects investor preference for the leading cryptocurrency leading in the market spirit.
Bitcoin inch close to $ 100K
In the last 24 hours, the price of bitcoin exceeded 1%, trading at $ 98,388. Flagship Cryptocurrency recorded an intraday lower of $ 96,805.78 and high level of $ 98,767.19.
Source: Coinmarketcap
Standing uptrend continues to speculate about bitcoin’s ability to break the psychologically significant $ 100,000 mark.
The latest data shows that bitcoin dominance in the Crypto market increased 0.23%, reaching 60.31%. This change shows that investors are seeking asylum in bitcoins amid growing uncertainty in the ultachoine sector.
If the speed persists, the BTC may soon test new heights, further attracts institutional interest.
Etherium and Solan Gain
A marginal growth of 0.2%in the atherium value was seen, which settled at $ 2,748. The 24-hour range of the coin fluctuated between $ 2,708.22 and $ 2,770.03.
The dominance of the atherium slipped up to 10.25%, indicating weaker investor enthusiasm compared to bitcoin. The major resistance remains at $ 2,800, and a breakout above this level can run forward movement.
Source: Coinmarketcap
Solana (Sol) experienced a slight 0.5% increase, currently traded at $ 174.55. The coin’s intraday was $ 170.99, while its high high reached $ 176.59.
The value of the broad market affects the value action of the soul, closely seen to a breakout or signs of consolidation with traders.
Source: Coinmarketcap
Grassscale enters the review of ETF filing as XRP drops
The price of XRP fell more than 2% in the last 24 hours, slipping to $ 2.65. The token reached the $ 2.64’s intraday low and a high level of $ 2.74.
Despite the decline, expectations for an XRP exchange-traded fund (ETF) received traction as Grassscale’s application entered the review process of US Securities and Exchange Commission (SEC).
The probability of an XRP ETF approval may significantly affect the price trajectory of the token, possibly reverse its recent damage. However, the regulator is still emerging with uncertainty, the XRP is susceptible to the market.
Mem coins see mixed performance
Between meme cryptocurrency, Dogcoin declined by 1.5%.
Meanwhile, Pepe Sikka (Pepe) increased to $ 1% to $ 0.000009722, and Floki recorded a 3% increase, traded at $ 0.00009888.
With broad crypto market volatility, investors are closely monitoring the price movements and regulatory development that can shape future trends.
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