Bitcoin has rejected the $94k mark, trading around $92,600. TRUMP Coin surged 32%, while many altcoins turned red. Overall market sentiment has been mixed, showing signs of instability. The global crypto market cap sits at $2.89 trillion today.
Bitcoin’s price, after a surge earlier this week, found itself firmly rejecting the $94,000 mark today. The cryptocurrency now trades around $92,600, having dipped slightly by 0.89%. Trading volume for Bitcoin is clocked at a hefty $36.36 billion, with fluctuations taking it from a peak of $94,106 down to a low of $91,733 within the day.
Meanwhile, the inauguration of Paul Atkins as the SEC chair has, at least temporarily, injected some positive sentiment into the crypto market. However, this impetus seems to be waning as short-term investors appear to be selling off in response to the lack of sustained positivity.
Among the altcoins, Ethereum is down 3.58%, clinging to a price of $1,751. XRP and DOGE have also seen declines of nearly 5%. Other notable performers like SOL, BNB, and ADA are down 2.5%, fueling a broader trend of falling prices across the altcoin segment.
On a brighter note, TRUMP Coin stands out today, boasting a remarkable 32% gain in the last 24 hours. Following closely behind, XCN has experienced a 16% rise, while the losses are led by IMX and DEXE, with drops of 13% and 12% respectively.
