Bitcoin (BTC) dips below $87,000 mark

Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $87,000 mark early Friday as it continued on its downward trend.

Bitcoin (BTC) slipped below the $87,000 mark early Friday as it continued on its downward trend.

Other popular altcoins - including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) - landed in the reds across the board as the overall Market Fear & Greed Index stood at 33 (Fear) out of 100, as per CoinMarketCap data.

The EOS (EOS) token became the biggest gainer, with a 24-hour jump of nearly 15 percent. Jupiter (JUP) became the biggest loser, with a 24-hour loss of over 10 percent.

The global crypto market cap stood at $2.69 trillion at the time of writing, registering a 24-hour jump of 1.47 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $83,075.15, registering a 24-hour jump of 1.23 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 71.15 lakh.

Bitcoin price dropped to as low as $81,363.88 over the past 24 hours and rose to as high as $83,817.34.

According to on-chain data from Santiment, over 30,000 BTC were withdrawn from exchanges in a week, indicating accumulation by long-term holders, which could limit selling pressure and support trend reversal.

Further boosting investor confidence, Trump’s family is deepening its involvement in the crypto space by investing in a Bitcoin mining company.

BTC price showed an immediate resistance at $84,300 and support at $80,900.

Ethereum (ETH) Price Today

ETH price stood at $1,842.28, marking a 24-hour gain of 1.66 percent at the time of writing. Ethereum price in India stood at Rs 1.58 lakh.

ETH price dropped to as low as $1,798.44 over the past 24 hours and rose to as high as $1,850.

According to CoinDCX Research, the market's volatility is rising as the tokens experience significant bullish and bearish pressures at regular intervals. Bitcoin price recovered above $83,000 and Etherum above $1800, delaying a potential drop to crucial support.

With this, the other altcoins gain some strength, which may be reversed anytime from now.

While the global market capitalization is struggling to rise above $2.7 trillion, a notable rise of over 46% in the trading volume validates a strong presence of bulls.

Despite the rally, the market sentiments continue to remain under fear, which raises the concerns of the upswing being short-lived.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 1.67 percent, as per CoinMarketCap data, currently priced at $0.1692. Dogecoin price in India stood at Rs 14.46.

Dogecoin price dropped to as low as $0.1654 and rose to as high as $0.17.

According to Avinash Shekhar, Co-founder & CEO, Pi42, Dogecoin has a 30-40% possibility of a devastating collapse, joining the uncertainty in the markets.

Institutions are yet to apply for a spot Bitcoin ETF in 2025 despite recent profit-taking.

Bitcoin continues to experience enormous outflows, losing $630 million, casting doubt on short-term price stability. However, key points are that an $80K price for BTC still equates to a discount, suggesting long-term bull potential.

On-chain data from Santiment reveals that over 30,000 BTC were withdrawn from exchanges in a week, indicating accumulation by long-term holders, which could limit selling pressure and support trend reversal.

Solana (SOL) Price Today

Solana price stood at $126.32, marking a 24-hour gain of 0.37 percent. SOL price in India stood at Rs 10,794.65.

Solana price dropped to as low as $125.03 and rose to as high as $127.05.

Solana price dropped 0.37 percent over the past 24 hours.

Solana prices fell sharply after the cryptocurrency broke through the $130 mark earlier this week.

Solana’s ecosystem is known for its high throughput, low fees, and smart contracts.

The DeFi protocols built on Solana have helped