Bitcoin Tops $86K, Crypto Markets Mixed; $1B Liquidations

Crypto markets experienced a mixed day on February 26, with Bitcoin (BTC) briefly touching the $86,000 mark and altcoins showing signs of recovery. The global crypto market cap shed nearly 1.6% to $2.94 trillion, while liquidations totaled over $1 billion, according to Coinglass data.

Bitcoin price tanked over 3% and rested at $88,867, with a 24-hour bottom and peak of $86,008.23 and $92,299.84, respectively. The waning price action coincided with $588.25 million worth of liquidations, and Bitcoin's market dominance slipped by 1.41% to 60.02%.

Ethereum (ETH) price traded at $2,489, up marginally by 0.13% intraday, with a 24-hour bottom and peak of $2,326.63 and $2,529.67. Ethereum recorded comparatively fewer liquidations than BTC, totaling roughly $178 million intraday.

XRP price witnessed gains worth 2% over the past day, closing in at $2.31. The Ripple-backed asset hit a low and peak of $2.08 and $2.36, in the past 24 hours. Liquidations for the crypto totaled nearly $38 million in the past 24 hours, per Coinglass statistics.

SOL price witnessed a remarkable 5% pump as of press time, exchanging hands at $143.56. The crypto hit a 24-hour low and high of $132.49 and $146.74, respectively. Solana recorded liquidations worth $48.25 million in the past 24 hours.

Simultaneously, Dogecoin (DOGE) price pumped over 1% to reach $0.2118. Shiba Inu (SHIB) price gained over 4%, closing in at $0.00001432. Pepe Coin (PEPE) price surged over 6.5%, securing $0.000008