Crypto Price Today Live: Bitcoin below $23,700; Shiba Inu, BNB slip over 4%

The cryptocurrency markets had been buying and selling within the purple on Friday with a lack of over 3% within the final 24 hours. Bitcoin (BTC) fell 4.1% to $23,695, whereas Ethereum (ETH) was simply above the $1,650 stage. BTC quantity within the final 24 hours stood at roughly $38.98 billion, rising 6.82% within the final 24 hours.

“After briefly hitting the six-month excessive of US$25,000 on Thursday, the worth of Bitcoin dropped to US$23,800 as a result of sudden enhance within the Producer Value Index (PPI). Regardless of this setback, BTC has nonetheless elevated by 73% from its lowest level a month in the past. The PPI information might need made traders apprehensive about inflation and financial insurance policies,” Edul Patel, Co-founder and CEO at Mudrex mentioned.

Different prime crypto tokens had been additionally buying and selling decrease on Friday. Shiba Inu declined by over 6%. BNB, XRP, Cardano and Dogecoin had been additionally buying and selling with cuts. The worldwide cryptocurrency market cap was buying and selling decrease round $1.08 trillion, falling 3.13% within the final 24 hours.

The overall quantity in DeFi is at present $7.93 billion, 9.84% of the entire crypto market 24-hour quantity. The amount of all stablecoins is now $74.32 billion, which is 92.22% of the entire crypto market 24-hour quantity.

The market cap of Bitcoin, the world’s largest cryptocurrency, was round $457 billion, with a dominance of about 42.24%, a lower of 0.42% over the day, in response to CoinMarketCap.

“The crypto market is shifting in the direction of a extra mature part the place traders are holding onto their positions and including recent property to their portfolios with each dip. The second half of 2023 appears promising for BTC as we’re approaching Bitcoin halving which is due in Could 2024,” Shivam Thakral, CEO of BuyUcoin mentioned.

Crypto Cart: Fast Look (Source: coinmarketcap.com, knowledge as of 12.28 hours, IST on February 17, 2023)

Bitcoin $ 23,665 -4.1%
Ethereum $1,656 -2.1%
Tether $1 -0.01%
BNB $307.67 -4.83%
XRP $0.388 -3.17%
Dogecoin $0.08629 -3.89%
Cardano $0.3943 -3.70%
Polygon $1.41 3.03%
Polkadot $6.72 1.11%
Tron $0.06754 -4.91%
Litecoin $99.67 -2.11%
Shiba Inu $0.00001305 -5.57%
Solana $22.64 5.06%

(Notice: Value change in final 24 hours)

(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Instances)