Bitcoin Drops Below $94K as Crypto Market Faces Wild Swings and Surprising Gainers

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20.02.2025 20 times read 0 Comments

Bitcoin Slips Below $94K Amid Market Volatility

According to The Economic Times, Bitcoin experienced a sharp decline, dropping below $94,000 due to increased selling pressure and ETF outflows. The cryptocurrency later recovered slightly, trading above $95,000. This fluctuation highlights the ongoing volatility in the crypto market. Meanwhile, Solana (SOL) also faced a drop, falling to $160 before rebounding to $169. Other cryptocurrencies like Maker (MKR) and MANTRA (OM) saw a 6% decline over the last 24 hours. The report also noted that top gainers in the market included IP with a 29% increase and TAO (Bittensor) and BERA (Berachain), both up by 13%.

For more details, visit The Economic Times at https://m.economictimes.com/news/international/us/crypto-market-today-bitcoin-slips-below-94k-who-are-the-top-gainers-and-losers/articleshow/118391368.cms.

Understanding Bitcoin Cash: A Faster Alternative to Bitcoin

Bankrate.com explains that Bitcoin Cash was created in 2017 as a result of a hard fork in Bitcoin's blockchain. This cryptocurrency offers faster transaction times and lower fees compared to Bitcoin. While Bitcoin Cash can process up to 200 transactions per second, Bitcoin averages only seven. However, it still falls short of Visa's capacity of 65,000 transactions per second. The report highlights that Bitcoin Cash's average transaction fee over the last 30 days was $0.006, significantly lower than Bitcoin's $1.78. Despite its advantages, Bitcoin Cash processes fewer daily transactions than Bitcoin, with 15,000 compared to Bitcoin's 422,000 as of February 18, 2025.

For a detailed analysis, visit Bankrate.com at https://www.bankrate.com/investing/what-is-bitcoin-cash/.

Crypto.news reports that Bitcoin experienced a flash crash on February 3, 2025, dropping from $100,000 to $91,300. Since then, it has been consolidating between $95,500 and $99,000. The altcoin market has also been affected, with Solana's market capitalization falling to $9.96 billion, a 7% decline in 24 hours. The report attributes this to declining sentiment and reduced demand among traders. Bitcoin dominance remains at a four-year peak, limiting altcoin growth. However, analysts suggest that this could be an opportunity for sidelined buyers to accumulate altcoins like Dogecoin (DOGE) and Bittensor (TAO) before the next rally.

For more insights, visit Crypto.news at https://crypto.news/is-bitcoin-bull-run-over-heres-what-to-expect-from-altcoins-as-the-market-cools-off/.

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