Crypto Price Today: Bitcoin slips below $98,000; Altcoins trade mixed
Ethereum, Dogecoin, Tron, Sui, Avalanche, and Shiba Inu saw gains, climbing as much as 6%.
As of 12:10 pm IST, Bitcoin had slipped 1.5% to $97,808, while Ethereum surged 1.3% to $2,747. Meanwhile, The global cryptocurrency market cap fell by 0.44% to approximately $3.22 trillion in the past 24 hours.
«Bitcoin has faced renewed selling pressure, dropping below $100,000 amid escalating trade tensions between the U.S. and China. This drop comes in response to renewed selling pressure following China's retaliatory tariffs against the United States,» said Shivam Thakral, CEO of BuyUcoin.
«Despite this volatility, Bitcoin dominance has surged to its highest level in four years, indicating strong investor interest in the cryptocurrency as a hedge against inflation and economic uncertainty. Investors are optimistic that while immediate volatility is likely due to tariff concerns, February historically presents a favorable month for Bitcoin,» Thakral said.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Avinash Shekhar, Co-Founder & CEO of Pi42, noted that Bitcoin is exhibiting a bearish trend due to
Read more on economictimes.indiatimes.com
