Bitcoin struggles as bull market grinds to a halt: Where is crypto headed?
- Bitcoin faces mounting selling pressure and pulls back close to $95,000 support on Wednesday.
- Top 5 altcoins struggle while XRP leads with over 2% gains on the day.
- The crypto market cap erased 7% of its value in the past 24 hours, down to $3.49 trillion.
- Experts believe Bitcoin price may consolidate further before demand returns to the market.
Bitcoin (BTC) briefly slipped below $95,000 on Wednesday before recovering above that level. Bitcoin’s crash ushered a market-wide correction in crypto, sending altcoins in the top 5 lower except XRP that held on to recent gains and added nearly 2% on the day.
Ethereum (ETH), Binance coin (BNB) and Solana (SOL) correct slightly on the day, while BTC loses nearly 2% value.
