Cryptocurrency prices today: Bitcoin holds above $96,000; XRP, Chainlink surge up to 30%
volatility. As of 11:42 am, Bitcoin was down 0.1% at $96,158, after hitting a daily low of $94,482 and a high of $97,430.
Last week, the cryptocurrency experienced significant volatility, dipping to an intraday low of $90,770 on Wednesday.
«Bitcoin remains range bound, holding just above $96,000. It experienced a 2% drop yesterday after reports of the US government transferring $2 billion worth of BTC to Coinbase, which created implied selling pressure,» said Vikram Subburaj, CEO of Giottus.
«Despite strong performance in Bitcoin spot ETFs in November and continued accumulation by MicroStrategy, Bitcoin faces resistance at $98,000, with $94,600 serving as a key support level,» Subburaj added.
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 and CEO of Pi42, noted, «Traders are paying a 17% annualized premium for leveraged BTC positions, signaling strong demand. Bitcoin options are trading at an 8% discount, indicating reduced hedging demand and a bullish outlook. Stability in futures markets is also evident, with funding rates for perpetual contracts
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