Crypto prices today: Bitcoin slips below $92,500; XRP, Dogecoin down up to 4%
Bitcoin traded marginally lower on Thursday, down 1.2% at $92,413, while Ethereum slipped 0.8% to $1,766. Despite the dip, Bitcoin remains near recent highs after a strong 12% rally this week.
“Bitcoin is holding steady around the $92,500 level, following a 12% rally this week,” said Edul Patel, Co-founder and CEO of Mudrex. “The broader market saw over $624 million in liquidations in the last 24 hours, with $545 million from short positions, easing downward pressure and helping BTC stabilise.”
Patel added that the rally is largely driven by institutional interest. “Bitcoin spot ETFs saw net inflows of over $700 million, pushing weekly inflows past $1 billion. This has been a key catalyst,” he said.
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