Top cryptocurrencies price on February 23: Bitcoin falls below $51,300; Internet Computer, Chainlink decline up to 4%
crypto tokens traded mixed with a negative bias on Friday. Bitcoin, Solana, XRP, Avalanche, Chainlink, Toncoin, and Internet Computer were trading in the red, while Ethereum, BNB, Cardano, Dogecoin, Polkadot, Polygon, and Shiba Inu were trading in the green.
At 11:30 p.m., Bitcoin was trading 0.5% lower at $51,229, while Ethereum was up 0.9% at $2,958. Meanwhile, the global cryptocurrency market cap fell 0.25% to around $1.95 trillion in the last 24 hours.
Even though BTC is currently showing range-bound price action, on-chain data based on LTH (Long Term Hodler) behavior suggests that there may finally be a pattern formation that has been historically linked to bull runs, said Parth Chaturvedi, Investments Lead, CoinSwitch.
Meanwhile, CoinDCX Research Team, said that in the last 24 hours, the crypto market showed a slight bearish sentiment with the first net outflow from BTC ETF since January 25, 2024, signaling bearishness.
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Among top cryptocurrencies, Internet Computer fell 4%, and Chainlink declined 2%. Whereas Polygon surged 4.4%.
The total volume in DeFi is currently $5.63 billion, 7.5% of the total crypto market 24-hour volume. The volume of all stablecoins is now $68.27 billion, which is 90.92% of the total crypto market 24-hour volume, as per data
