Crypto Market Update: Bitcoin Falls to $90,000

Baku: Trading in the global cryptocurrency market continues with mixed dynamics, APA-Economics reports. Although market leader Bitcoin has declined, it is still trading above the $90,000 level. Based on the latest data, the price of Bitcoin stood at $90,008, down 0.29% over the day.

According to Azeri-Press News Agency, the price of Ethereum decreased by 0.41% to $3,036. Among stablecoins, Tether traded at $0.999, while USDC stood at $0.9996, maintaining their stability. Among alternative cryptocurrencies, BNB fell to $866, Solana was priced at $127.98, and XRP stood at $1.90. Dogecoin traded at $0.127, while Cardano was priced at $0.381; both assets recorded weekly gains.

Market participants attribute the short-term price fluctuations to profit-taking, while analysts note that the cryptocurrency market is likely to remain sensitive to global risk appetite and macroeconomic news in the coming days.