The price of Bitcoin took a sharp drop today with it dipping as low as $85,900

The price of Bitcoin took a sharp drop today with it dipping as low as $85,900 in a quick downtrend while quickly recovering above $87k

Bitcoin price took a sharp drop today with it hitting as low as $85,900 in a quick downtrend while quickly recovering above $87k in late trading hours.

Bitcoin price took a sharp drop today with it hitting as low as $85,900 in a quick downtrend while quickly recovering above $87k in late trading hours.

After Bitcoin’s volatility, leading altcoins also took hits with SOL, XRP and ADA falling nearly 4% in the past 24 hours.

After Bitcoin’s volatility, leading altcoins also took hits with SOL, XRP and ADA falling nearly 4% in the past 24 hours.

Bitcoin Price Drops Despite GameStop BTC Treasury Announcement

After a brief rally, Bitcoin price failed to sustain any uptrend and broke down from the crucial $88k resistance.

After a brief rally, Bitcoin price failed to sustain any uptrend and broke down from the crucial $88k resistance.

According to Coinmarketcap data, BTC is currently trading hand at $87,030 with a 24 hour trading volume of $25.58 billion. Bitcoin price today fell from the daily high of $88,210 to as low as $85,900 and is currently down 1.38%.

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As per Coinmarketcap data, the global crypto market cap today sits at $2.85 trillion with a 24 hour trading volume of $75.81 billion.

As per Coinmarketcap data, the global crypto market cap today sits at $2.85 trillion with a 24 hour trading volume of $75.81 billion.

Also read: XRP Price Prediction: Is A $2.23 Crash Imminent?

Despite significantly bullish news on the day – including GameStop’s Bitcoin treasury announcement, Bitcoin price has failed to catch up with any uptrend while rejecting the $88k resistance.

Despite significantly bullish news on the day – including GameStop’s Bitcoin treasury announcement, Bitcoin price has failed to catch up with any uptrend while rejecting the $88k resistance.

According to reports, GameStop has announced investing a portion of its treasury in Bitcoin. The move comes after Cathie Wood’s massively popular investment firm, ARK Invest, revealed its Bitcoin holding in its latest Form 13F filing.

Moreover, in the recent earnings call, MicroStrategy CEO, Michael Saylor, expressed his bullishness on Bitcoin and revealed that the firm has no plans to sell its Bitcoins.

Moreover, in the recent earnings call, MicroStrategy CEO, Michael Saylor, expressed his bullishness on Bitcoin and revealed that the firm has no plans to sell its Bitcoins.

While Bitcoin struggles to recover, some altcoins took massive hits today with them continuing to drop. From top 10 largest crypto assets, Dogecoin (DOGE) has declined 5.39% while XRP, SOL and ADA falling nearly 5% in the past 24 hours. This downtrend also impacted majorly on ETH with it dropping below $2,000 before gaining back near its daily high.

While Bitcoin struggles to recover, some altcoins took massive hits today with them continuing to drop. From top 10 largest crypto assets, Dogecoin (DOGE) has declined 5.39% while XRP, SOL and ADA falling nearly 5% in the past 24 hours. This downtrend also impacted majorly on ETH with it dropping below $2,000 before gaining back near its daily high.

In the top gaining section, ZetaChain (ZETA) leads with it pumping over 30%, while SAFE, BEAM and TON have surged over 6% today. On the losing side, AI16Z has dropped 15% besides DEEP, SATS and HYPE token’s 13% dip in the past 24 hours.

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