Crypto prices today (February 21) have sparked mixed sentiments among investors as tokens have fluctuated between red and green territories. Bitcoin (BTC) crossed the $98K mark, while Ethereum (ETH) traded above $2,700. Solana also saw an increase, trading above $170. However, XRP lost nearly 2% and is below $2.7. The newly launched Story (IP) token emerged as the top gainer of the day.
In the global crypto market, the total market cap was up by 1% at $3.23 trillion, with the total market volume rising by 8% to $90.13 billion in the past 24 hours. Bitcoin price gained over 1% and closed in at $98,220, with Ethereum price also seeing a marginal increase, resting at $2,748. XRP price dropped by over 2%, currently sitting at $2.65, while SOL price experienced a slight uptick of 0.5% and is trading at $174.55.
Market analyst ‘Ash Crypto’ highlighted a significant accumulation of 4,700 ETH worth $12.93 million, indicating a potential rally ahead. XRP price could leverage bullish support if Grayscale’s ETF filing gets approval. Meanwhile, meme cryptos like Dogecoin and SHIB saw declines, while Pepe Coin and FLOKI saw gains. The top gainer of the day was Story (IP) with a 57% increase, followed by Sonic (S) and Maker (MKR) with gains of 30% and 18% respectively.
On the other hand, the top losers of the day were Bitget Token (BGB), Aptos (APT), and Ethereum Classic, all experiencing losses. Market watchers are closely monitoring the crypto prices amid uncertain trends, particularly with the looming Bitcoin reserve bill in the U.S. and various altcoin ETF filings. Crypto market analyst Ali Martinez noted that whale accumulations and prices are stagnant, leading to uncertainty among traders and investors globally.
In conclusion, while leading cryptos like BTC, ETH, SOL, and XRP continue to show mixed performance, the overall market is witnessing fluctuations with both gains and losses. With the crypto market cap on the rise and increased market volume, investors are closely monitoring the market developments to make strategic investment decisions. The ongoing trends and developments in the crypto space are likely to impact investor sentiments and market dynamics in the coming days.
