Crypto Market Update, February 18: Bitcoin Steadies at $ 96,000, Sonic Rallies 17 %, Solana Stubles
The cryptocurrency market remained volatile on February 18, where Bitcoin (BTC) was trading near 96,000 dollars, while ETHEREM (ETH) acquired 2 %.
However, XRP and Solana (SOL) saw losses, reflecting the constant continuous uncertainty.
Despite the volatile movement, Sonic (S) has emerged as the best performance, increasing 17 % in the past 24 hours.
The broader encryption market continues to face pressure from the high American inflation and the unchanged interest rates, which kept the investors cautious.
However, a rise in trading volume indicates an increase in market activity, as some assets see the increase in demand.
The maximum Crypto Global market decreased by 0.26 % from the previous day, settling at $ 3.18 trillion.
The recession reflects the broader economic concerns, especially in US monetary policy expectations.
Nevertheless, the market participation increased, as the total coding trading volume increased 56.04 % to 94.67 billion dollars in the past 24 hours.
Bitcoin is still stable, Ethereum edges are higher
- Bitcoin (BTC): BTC was traded at $ 95,858, an increase of 0.12 % from yesterday. The leading cryptocurrency recorded a daily decrease of $ 95,243 and a height of 97,032 dollars. Meanwhile, the dominance of the Bitcoin market increased slightly to 59.83 %, indicating the relative strength in the market.
- ETHEREUM (ETH): ETH has seen a 2 % profit, as it rose to $ 2712, with a highest 24 hours of $ 2,848. Investors seem to accumulate ETH before possible network promotions and broader market movements.
- XRP: Despite the positive developments of the US dollar -backed Stablecooin (RLUSD), which amounted to 120 million symbolic brands, the price of XRP 2 % decreased to $ 2.66. The distinctive code has been traded between $ 2.61 and $ 2.73 in the past 24 hours.
- Solana (SOL): The Sol price decreased by 4.5 % to 177.96 dollars, amid the declining whale activity and the low DeX trading volumes. Solana’s work indicates a decline in investor confidence, which leads to short -term sale pressure.
The highest winners are encrypted today
source: Coinmarketcap
Sonic (s) – an increase of 17 %
- Price: 0.626 dollars
- The main engine: The total value of Sonic (TVL) reached 426.66 million dollars, indicating an increase in market confidence.
MKR (MKR) – 7 %
- Price: $ 1063
- The main engine: an increase in futures for open benefits (OI) to 69.71 million dollars, enhanced investor morale.
Berracein (bera) – 6 %
- Price: $ 5.98
- Main motor: 23 % in OI’s futures to $ 144.29 million in bullish momentum.
With the unification of Bitcoin near 96 thousand dollars and Altcoins, a mixed movement, the merchants remain cautious about short -term movements.
The total economic concerns, organizational developments, and institutional flows are likely to constitute the next step for the market.
Will BTC stop 97 thousand dollars, or a decline waving on the horizon? Stay tuned for more updates.
The post Crypto Market Update, February 18: Bitcoin Steadies at $ 96,000, Sonic Rallies 17 %, Solana Stumpions first on Invezz
