BTC Brushes $86K Low, Altcoins Jump

Crypto prices today (February 26): Traders and investors remain rattled as Bitcoin (BTC) price briefly touched the $86K mark intraday, whereas altcoins showed a rising action during early Asian hours on Wednesday. ETH neared $2,500 after dropping to the $2,300 zone recently. XRP and Solana (SOL) prices jumped by 1-3%. Meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) also gained 1%-7%, sparking speculations amid the flagship coin’s converse momentum.

Crypto Prices Today Illustrate Mixed Actions, Investors Uncertain

The global crypto market cap lost nearly 1.6% in the past 24 hours, shredding down to $2.94 trillion. Moreover, Coinglass data showed that market liquidations over the past 24 hours totaled over $1 billion. Particularly with Bitcoin recording over $500 million in liquidations, the flagship coin’s waning price action remains rationalized.

BTC Price Touches $86K Low

As of press time, BTC price tanked over 3% and rested at $88,867. The flagship coin’s 24-hour bottom and peak were $86,008.23 and $92,299.84, respectively.

As mentioned above, the waning price action aligns with $588.25 million worth of liquidations in the past 24 hours, per Coinglass data. Moreover, Bitcoin’s market dominance also took a hit, slipping by 1.41% to 60.02%. This signaled that altcoins witnessed considerable price gains intraday.

ETH Price Nears $2,500

ETH price traded at $2,489 at the time of reporting, up marginally by 0.13% intraday. The coin hit a bottom and peak of $2,326.63 and $2,529.67 over the past day. Ethereum recorded comparatively fewer liquidations than BTC, totaling roughly $178 million intraday.

XRP Price Jumps 2%

XRP price witnessed gains worth 2% over the past day, closing in at $2.31. The Ripple-backed asset hit a low and peak of $2.08 and $2.36, in the past 24 hours. Liquidations for the crypto totaled nearly $38 million in the past 24 hours, per Coinglass statistics.

SOL Price Soars 5%

SOL price witnessed a remarkable 5% pump as of press time, exchanging hands at $143.56. The crypto hit a 24-hour low and high of $132.49 and $146.74, respectively. Solana recorded liquidations worth $48.25 million in the past 24 hours.

Meme Crypto Prices In The Green

Simultaneously, Dogecoin (DOGE) price pumped over 1% to reach $0.2118. Shiba Inu (SHIB) price gained over 4%, closing in at $0.00001432. Pepe Coin (PEPE) price surged over 6.5%, securing $0.000008358. Nevertheless, the Official TRUMP token remained in the red amid the loss of market confidence in PolitiFi tokens.

Top Gainer Crypto Prices Today

Maker (MKR)

Price: $1,680.5
24-Hour Gains: +21%

Celestia (TIA)

Price: $3.72
24-Hour Gains: +16%

Story (IP)

Price: $5.5
24-Hour Gains: +16%

Top Loser Crypto Prices Today

Raydium (RAY)

Price: $2.53
24-Hour Loss: -15%

Bitget Token (BGB)

Price: $4.40
24-Hour Loss: -7%

TRON (TRX)

Price: $0.2304
24-Hour Loss: -5%

For context, crypto prices have recently faced immense volatility, primarily due to macroeconomic heat and liquidity issues. CoinGape reported that the cryptocurrency market lost $323 billion in quite a brief period amid bearish events urging investors to panic sell. Nevertheless, market watchers remain cautious as although altcoins show signs of a potential recovery-trend cooking, BTC still awaits a pump.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.