The price of Bitcoin has fallen below $93,000
The price of Bitcoin, the leader of the cryptocurrency market, has fallen below $93,000.
Startup.az reports that Bitcoin has declined by 1.27% over the past 24 hours, trading at $92,543. The market capitalization of the leading cryptocurrency stood at $1.84 trillion.
Ethereum also recorded a decline over the past day. The asset’s price fell by 0.55% to $3,249, while Ethereum’s market capitalization amounted to $392.1 billion.
No significant changes were observed among stablecoins. Tether (USDT) decreased by 0.07% over the last 24 hours to $0.999, while USDC fell by 0.04% to $0.9992.
Altcoins showed mixed performance. XRP dropped by 5.9% over the past day to $2.25, while Dogecoin declined by 2.48% to trade at $0.1479.
Other major cryptocurrencies also saw daily fluctuations. Solana rose by 0.18%, BNB by 0.25%, and TRON by 0.75%, while Cardano’s price fell by 3.22%.
Analysts attribute the daily volatility mainly to short-term profit-taking, expectations in U.S. financial markets, and investors reassessing their risk positions.