Once again, the cryptocurrencies are in the red after having witnessed a rebound in prices over the last few days. Bitcoin has dropped about 8.6% over the past 24 hours, and its market cap has fallen to $168 billion. It was trading at $9,980.1 as of 12:15 AM EST on February 23. It touched a low of $9,958, which was a correction of almost 16.7% from the recent high of $11,958. The volatility in bitcoin was at 102%, while its RSI (or relative strength index) was at 49.2. An RSI above 70 indicates an overbought situation, while an RSI below 30 indicates an underbought situation.
Along with bitcoin, all other top cryptocurrencies also witnessed a down day. The most significant loser among the top ten cryptocurrencies according to market cap on February 22 was bitcoin cash. It has fallen about 10% over the past 24 hours and was trading at $1,204.4. It has seen a downward correction of almost 24% from the recent highs of $1,641.4.
Gainers for the day
Ethereum has seen the smallest fall over the last 24 hours with a decline of 2.7% and was trading at $843.4. Litecoin was the biggest loser among the top ten cryptocurrencies with a drop of 11.2% to $195.7. Ripple has lost almost 8.3% and was trading at $0.95. It has fallen about 25% from the recent highs of $1.3. Ripple has also added five new clients in four different countries.
Only a few cryptos like nano, digixDAO, request network, and particl have risen during the last 24 hours. They were up 5.6%, 4%, 0.89%, and 0.16%, respectively. The overall market cap of the cryptocurrencies (ARKW) (ARKK) has fallen to $434 billion, and its volume was at $21 billion.