Synopsis
Bitcoin’s market cap decreased to $1.886 trillion, with its dominance now at 60.36%. During this period, BTC volume surged by 48%, reaching $38.9 billion. Stablecoins made up $102.11 billion of this volume, or 94.18%, according to .
Major cryptocurrencies traded lower on Wednesday, February 19, as investors remained cautious amid uncertainty over U.S. trade tariffs and the Federal Reserve’s interest rate outlook.
As of 10:29 am IST, Bitcoin slipped 0.8% to $95,148, while Ethereum declined 0.6% to $2,678. The global crypto market cap fell 1.6% to $3.13 trillion in the past 24 hours.
“Bitcoin is trading around $95,100, bouncing back from a low of $93,380 amid rising trade tensions. Trump’s plans to impose reciprocal tariffs on all major U.S. trading partners spurred caution among investors,” said Alankar Saxena, CTO and Cofounder of Mudrex.
Crypto Tracker
TOP COIN SETSDeFi Tracker4.83% BuyBTC 50 :: ETH 50-0.87% BuyWeb3 Tracker-1.73% BuyCrypto Blue Chip – 5-2.06% BuySmart Contract Tracker-3.74% BuyTOP COINS (₹) Ethereum233,784 (0.97%)BuyBNB56,721 (-0.12%)BuyTether87 (-0.13%)BuyBitcoin8,282,385 (-0.24%)BuyXRP220 (-2.22%)BuyBitcoin faces resistance at $96,600, and if it sustains this level, it could attempt a move toward $99,000, Saxena added.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details »Avinash Shekhar, Co-founder & CEO of Pi42, said, “The derivatives market is influencing Bitcoin’s short-term price swings, particularly with CME premium movements. Large buy orders could trigger the next significant price move, reinforcing market resilience.”
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Also Read: Why Bitcoin’s drop is an opportunity for retail investors
Other major altcoins declined, with XRP losing 4%, Solana down 4.75%, Dogecoin falling 1.5%, and Cardano dropping 7.3%. Chainlink, Stellar, Avalanche, Sui, Toncoin, Hedera, and Shiba Inu also traded lower, recording losses between 2% and 6%.
In the last 24 hours, Bitcoin’s market cap dropped to $1.886 trillion. Bitcoin’s dominance now stands at 60.36%. BTC volume in the same period rose 48% to $38.9 billion. Meanwhile, stablecoins accounted for $102.11 billion of this volume, or 94.18%, according to .
Also Read: Argentina’s $LIBRA scandal: President Javier Milei under fire after cryptocurrency collapse
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Bitcoin remains in consolidation, with traders adopting a buy-the-dip strategy. Strong support lies between $88,000 and $90,000, with a breakdown below triggering a sharp selloff. If prices bounce from this zone, accumulation is likely to continue.
A breakout above the 50-day EMA signals an upward move toward $110,000, though surpassing this level to $130,000 won’t be easy. Market sentiment hinges on U.S. crypto regulations and the Federal Reserve’s tight monetary policy.
Traders remain cautious, watching for key developments that could drive Bitcoin’s next move. For now, the market is in a wait-and-see mode, awaiting clearer direction.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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