Crypto prices today (February 19): Bitcoin (BTC) and leading altcoins prices again encountered a severe waning action recently, generating investor apprehensiveness across the broader landscape. BTC price dipped to touch a $93K low intraday, whereas Ethereum (ETH), Solana (SOL), and XRP prices cracked 1%-6% during the same period. Notably, the bearish momentum in the market is primarily attributable to a couple of risk factors, encompassing macroeconomic heat and other market statistics that are reducing investor appetite.
Here’s a brief report on some of the most buzzworthy coins for the day and the latest updates within the market that rationalize a bearish movement.
Crypto Prices Today Wane Alarmingly: Here’s Why
According to a recent CoinGape report, trade war speculations continue to rise as Donald Trump eyes new import tariffs. As a result, global markets took a hit, with risk assets like crypto facing severe heat amid investor uncertainty surrounding the sector’s outlook ahead.
Moreover, the U.S. Fed’s hawkish stance on monetary policies, signaling no rate cuts any time soon, has added to market concerns. Reportedly, traders anticipate only one Fed rate cut this year, further bringing heat to cryptocurrency prices. It’s worth mentioning that the digital assets sector recorded $348.88 million liquidated in the past 24 hours, per Coinglass data, aligning with the abovementioned factors causing market turmoil.
BTC Price Hits $93K Low Amid Crypto Market Heat
As of press time, BTC price traded at $95,659, down by 1% over the past day. The flagship coin swooped to a $93K low in the past 24 hours. This dipping trajectory aligns with $100.46 million worth of liquidations in the Bitcoin market, per Coinglass data. However, the coin’s dominance remained up by 0.47% from yesterday to 60.30%, signaling altcoins took more blows.
ETH Price Slips 1%
ETH price saw a slight fall of 1% over the past day, reaching $2,688. The coin’s 24-hour low and high were $2,606.90 and $2,730.28, respectively. Ethereum recorded $50.84 million worth of liquidations over the past 24 hours. Nevertheless, the crypto’s market dominance remained at 10.3%.
XRP Price Drops 4%
Ripple Labs-backed XRP price tanked by 4% intraday and is currently sitting at $2.55. The coin’s 24-hour low and high were $2.47 and $2.66, respectively. XRP’s fall aligns with $11.51 million worth of liquidations in the Ripple market intraday. However, it’s also worth mentioning that the U.S. SEC acknowledged Bitwise’s XRP ETF recently, glimmering hope for future prospects.
Solana Price Slumps 6%
SOL price crashed 6% from yesterday to reach $167, aligning with the broader market trend. Its bottom and peak in the last 24 hours were $161.31 and $177.94, respectively. Solana recorded a notable $36.77 million liquidated over the past day.
Meme Crypto Prices Today Mimic Broader Trend
Simultaneously, DOGE price was down over 2% today, trading at $0.2516. The meme coin saw $9.08 million liquidated over the past day, rationalizing a waning movement in sync with the broader market.
Similarly, SHIB price plunged by over 3% intraday and stood at $0.0000152. Also, PEPE and TRUMP prices cracked nearly 6%, closing in at $0.000009283 and $16.29, respectively.
Top Gainer Crypto Prices Today
However, some tokens have defied the broader market downtrend and hovered into the green zone on February 19.
Maker (MKR)
Price: $1,186.27
24-Hour Gains: +12%
Notably, MKR defies the broader market sentiment, seeing heightened investor interest, as flagged by a 33.72% spike in its futures OI to $93.07 million today.
Berachain (BERA)
Price: $6.44
24-Hour Gains: +8%
Similarly, BERA’s futures OI jumped over 2% to reach $146.53 million despite the recent investor uncertainty surrounding risk assets.
Litecoin (LTC)
Price: $133.09
24-Hour Gains: +7%
LTC saw a nearly 13% spike in its futures OI to $851.41 million, underscoring rising market interest amid soaring bets of a Litecoin ETF launch shortly ahead.
Top Loser Crypto Prices Today
Virtuals Protocol (VIRTUAL)
Price: $0.9898
24-Hour Loss: -14%
Ethena (ENA)
Price: $0.4196
24-Hour Loss: -11%
Raydium (RAY)
Price: $4.20
24-Hour Loss: -10%
Despite the broader waning price actions today, market watchers eagerly await a bounce back to previous levels. Meanwhile, BTC price gained by 0.02% within the hourly time frame, whereas ETH slipped by 0.01% within the same duration, indicating that further volatility may be expected as the day longs.
The post Crypto Prices Today (Feb 19): BTC Touches $93K Low, Altcoins Tumble In Sync appeared first on CoinGape.
