The cryptocurrency market seems to be facing another correction. Bitcoin (BTC) fell below $100,000, and the global crypto market cap has dipped 2.2% to $3.78 trillion. Top assets are trading in the red zone. According to CoinGlass data, the crypto market has faced liquidations worth around $275.5 million in the last 24 hours.
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Why Is The Crypto Market Dipping?
The market dip could be due to investors booking profits. The cryptocurrency market does not appear to be following any fixed pattern at the moment. Investor sentiment seems to be high, but there is still some caution among market participants.
BTC’s fear and greed index is still at “Extreme Greed.” Greed indicates that investors are still longing for the original cryptocurrency. BTC could continue to climb over the next few months after US President-elect Donald Trump assumes office.
Top 3 Cryptocurrencies To Buy Before Bitcoin Hits $120,000
1. Binance Coin (BNB)
Binance’s BNB token recently hit an all-time high of $788.84. The sixth-largest cryptocurrency by market cap has dipped by more than 10% since its peak.
If Bitcoin (BTC) hits $120,000, there is a high probability that BNB will follow suit.
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2. Solana (SOL)
SOL is another cryptocurrency that has hit a new all-time high of $263.21 during the last market outbreak. SOL’s price has fallen by nearly 14% from its high.
There is a big probability that SOL will continue to surge if BTC maintains its upward trajectory. SOL has followed BTC’s path for almost every bull run.
3. Dogecoin (DOGE)
Dogecoin (DOGE) is among the most successful cryptocurrency projects. The asset witnessed an incredible rally after Donald Trump’s victory in the US Presidential election.
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If BTC surges to $120,000, DOGE will likely follow its path. There is a chance DOGE will hit a new all-time high after Trump assumes office in January 2025.
