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Bitcoin on standby — these US numbers are crucial today

Bitcoin (BTC) is currently trading around $105,000, down about four percent over the past seven days.

By Mike Hesp
• 3 min read
Bitcoin on standby — these US numbers are crucial today

Bitcoin (BTC) is currently trading around $105,000, down about four percent over the past seven days. That puts Bitcoin's market cap at $2.09 trillion, ranking seventh among the world's most valuable assets, just ahead of silver but just behind tech giant Alphabet (Google).

Since the all-time high of nearly $112,000, Bitcoin is just six percent away from a new record.

Ethereum (ETH) is also slipping a bit today. Trading around $2,500, the market's second-largest is still about 49% below its 2021 peak.

Among the top-10 altcoins, Tron (TRX) is the only one in the green today, up 1%. The rest of the altcoin market is seeing sizable losses:

  • Dogecoin falls 16%
  • Solana is down 12%
  • Cardano drops 11%

ISM data as a potential shock

All eyes today are on the release of the final read for the U.S. ISM Manufacturing PMI. The consensus is 49.3 points, signaling ongoing contraction in the manufacturing sector.

SUI token unlock coming up

Finally, news for Sui (SUI) investors. A token unlock is happening today, with roughly 58 million new tokens released, about 1.75% of the total supply, per Messari. The price impact remains limited for now, but the market is watching nervously.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.