Shocking Crypto Crash: BTC Plummets to $95K! What’s Next? 😱💸

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In the grand theater of finance, the stage was set on a Wednesday that would be remembered not for its triumphs, but for the somber notes of despair that echoed through the hearts of investors. The cryptocurrency market, once a beacon of hope and prosperity, found itself ensnared in the clutches of bearish sentiments, as if the very winds of fortune had turned against it. The illustrious Bitcoin (BTC), that once soared to celestial heights, now found itself languishing at a disheartening low of $95,000. Meanwhile, its companions—Ethereum (ETH), XRP, and Solana (SOL)—followed suit, their trajectories mimicking the downward spiral of a once-promising dream. And as the specter of economic data loomed, market participants were left to ponder their fates, like sailors adrift in a stormy sea. ⚓️

Crypto Prices On Feb 12: Here’s All To Know

In the grand tapestry of the global cryptocurrency market, a slip of 1.82% was recorded in the past 24 hours, bringing the total market cap to a mere $3.14 trillion. Yet, amidst this decline, a curious phenomenon occurred: the total market volume surged by 8%, reaching a staggering $105.57 billion. It seems that even in despair, the market finds a way to keep the drama alive! 🎭

As the wise Jerome Powell, the Federal Reserve Chair, delivered his testimony before the Senate Banking Committee, the air thickened with a hawkish stance that sent shivers down the spines of risk assets. The crypto market, like a fragile flower in a tempest, faced immense selling pressure, resulting in nearly $240 million worth of liquidations in the past 24 hours. A veritable bloodbath, if one might say! 🩸

BTC Price Wanes To $95K Amid Broader Crypto Market Flux

As the clock struck the hour of reporting, Bitcoin’s price had plummeted over 2%, resting at a dismal $95,389. The highs and lows of the day were a mere reflection of its tumultuous journey, with figures of $94,875.04 and $98,492.90 dancing mockingly in the shadows. Bitcoin’s dominance, too, took a hit, dropping 0.08% to a mere 60.37%. Liquidations worth nearly $44 million were recorded, as if the market were a theater of the absurd! 🎪

ETH Price Dips In Sync

Ethereum, that noble contender, fell by 3.5% intraday, now languishing at $2,592. Its 24-hour low and high were $2,565.40 and $2,724.90, respectively, a tale of woe that echoed through the halls of crypto history. Liquidations worth $30.23 million were noted, as if the universe conspired against the hopeful! 🌌

XRP Price Slips 2%

In a synchronized dance of despair, XRP too succumbed to the pressures of the day, showcasing a 2% decline, now resting at $2.39. Its intraday bottom and peak were $2.38 and $2.53, respectively, a tragic ballet of numbers. Liquidations worth $6.05 million were recorded, leaving one to wonder if the crypto gods were laughing at our folly. 😂

SOL Price Loses 3%

Solana, that once-mighty warrior, cracked slightly over 3% in the past 24 hours, trading at $194.61. Its intraday low and high were $194.23 and $205.92, a mere whisper of its former glory. The market, it seems, is a fickle mistress! 💔

Meme Crypto Prices In The Red

Even the beloved Dogecoin (DOGE) saw a 2.5% decline, now at $0.2512. Shiba Inu (SHIB) followed suit, falling 2% to $0.00001561, despite the rising activity of SHIB whales. And let us not forget PEPE, TRUMP, and BONK, who all lost alarming values, dropping between 2%-6%. It appears that even memes are not immune to the harsh realities of the market! 🐶

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2025-02-12 07:47