Crypto Price Analysis 9-23: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CELESTIA: TIA, INTERNET COMPUTER: ICP
The cryptocurrency market dropped over 2% in the past 24 hours after being hit by nearly $1.7 billion in liquidations as leveraged positions were wiped out. The market also came under pressure from token unlocks and mixed macroeconomic signals. Crypto stocks also tumbled as investors didn’t take too kindly to the latest acquisition spree from treasury companies.
Bitcoin (BTC) registered a sharp decline on Monday, falling from around the $116,000 mark to a low of $111,676 during the ongoing session. However, it rebounded from this level to reclaim $112,000. BTC is down nearly 2% over the past 24 hours, trading around $112,753.
Meanwhile, Ethereum (ETH) registered an even larger decline, falling from $4,500 to a low of $4,150 before moving to its current level. The altcoin is trading around $4,188, down 2% in the past 24 hours. Ripple (XRP) fell below the $3 mark on Monday as markets plunged. However, it has steadied itself and is marginally down over the past 24 hours,...