Altcoins posted mild losses as total crypto market capitalization dipped 1% to $3.11 trillion.
Crypto markets dipped slightly on Thursday, with Bitcoin (BTC) struggling to find its footing despite a stock market rebound and another record high for gold and silver.
BTC is trading at $89,500, mostly unchanged over the past 24 hours, after slipping to $88,400 earlier in the day. Meanwhile, ETH dropped 2% to $2,950 even as BitMine Immersion purchased more than $100 million worth of Ether over the past 24 hours, according to Arkham. The Ethereum treasury company now holds more than 3.5% of the total ETH supply.
SOL and XRP are down less than 1%, while BNB is flat on the day.
The overall crypto market capitalization decreased by 1.1% to $3.11 trillion, according to Coingecko.
Onchain data shows that BlackRock moved more than $400 million in BTC and ETH to Coinbase Prime earlier today from wallets tied to its spot exchange-traded funds (ETFs). The transfers came after nearly $1.2 billion in outflows from U.S. Bitcoin ETFs over the past two days.
Most of the Top 100 digital assets posted losses over the last 24 hours, while a few altcoins bucked the trend. RIVER surged 35% after securing an investment from Tron founder Justin Sun.
MYX, PUMP and ARB are today’s biggest losers, down around 7%.
Around 114,000 leveraged traders were liquidated for a total of $207 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $46 million, while ETH positions made up $69 million.
Meanwhile, stocks rallied, and precious metals hit another record high. The S&P 500 and Nasdaq gained 0.5% and 0.7%, respectively, while gold is changing hands at $4,920/oz.