Bitcoin price has dipped to $83k today with it dropping from the key resistance levels of $85k earlier today. As Bitcoin loses its momentum slightly, leading altcoins have taken a decent drop amid market uncertainty.
As the crypto market enters a period of dimmed activity, trading for Bitcoin and other crypto assets has dropped to record lows. It also coincides with the recent market flush where billions of dollars were wiped out from the market.
At the time of writing, Bitcoin price is trading near $83,880 – down 1.88% in the past 24 hours – with a 24 hour trading volume of $27.2 billion. It marked a daily high of $86,397 while later declining as low as $83,145 hours ago.
While Bitcoin falls slightly below resistance level, leading altcoins have loosen their momentum with ETH and XRP falling 3% while SOL and ADA declines 5% in the past 24 hours. From other top 10 crypto assets, Dogecoin (DOGE) has declined 3.40% while Tron (TRX) has surged 2.3% in the past 24 hours.
From the top gainers, Neo’s GAS token has secured a leading position with a spike of 27% while MANTRA (OM) has continued rising with it seeing a pump of 19% after a drastic crash of 93% earlier this week. On the losing side, MORPHO has dropped 13%, followed by XCN’s 12% and BRETT’s 11% decline.
As per CoinMarketCap data, the global crypto market cap today sits at $2.64 trillion with a 24 hour trading volume of $75.09 billion.
Also read: Memecoins Lose Strength: BONK, SPX, WIF Drops 12% in 24 Hours