Crypto Price Today: Bitcoin struggles below $96,000; Ethereum, Solana drop up to 6%
Bitcoin and major altcoins traded lower on Monday, February 24, as the market faced pressure from a major crypto hack and technical resistance levels.
As of 12:07 PM IST, Bitcoin slipped 0.6% to $95,708, while Ethereum declined 2.5% to $2,725. The global crypto market cap dropped 1.5% to $3.14 trillion in the past 24 hours.
«Bitcoin continues to struggle below the $96,200 resistance. Most altcoins remain significantly down from their recent all-time highs. The latest pullback was triggered by one of the largest crypto hacks, where a hacker exploited ByBit to withdraw $1.4 billion in ETH to an unknown address,» said CoinSwitch Markets Desk.
«Bitcoin remains range-bound between $95,000 and $97,000. However, a breakout toward $100,000 seems imminent, though a local low around $94,000 may be tested before an uptrend,» said Vikram Subburaj, CEO of Giottus.
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View Details»Also Read: Bitcoin’s drop: A chance for retail investors to buy the dip? Here’s what experts say
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