Current Price: Around $120,000, with intraday movement between $118,249 and $120,213, marking a modest gain of approximately 0.01% from the previous close.
Market Context:
Bitcoin remains just shy of its July record high (~$123,166) trading at roughly $119,300–$120,000 .
Market sentiment remains upbeat, largely fueled by softened U.S. inflation data, which reinforced expectations of a Federal Reserve rate cut in September.
Bitcoin’s market capitalization stands around $2.39 trillion, while the total cryptocurrency market cap has surged past $4 trillion, pushing Bitcoin's dominance below 60% for the first time since February.
Performance & Trends:
Despite strong rally sentiment, Bitcoin is showing signs of consolidation around the $120K level. Analysts note that the rally is increasingly being driven by altcoins, especially Ethereum, rather than Bitcoin itself.
Broader crypto indices and equities have also seen gains, supported by favorable macroeconomic signals including lower inflation and anticipated monetary easing.
---
Snapshot Table – BTC Performance Today
Metric Value / Insight
Current Price ~$120,000 Intraday Range Low: ~$118,249 Market Cap ~$2.39 trillion Crypto Market Cap Total Exceeded $4 trillion Bitcoin Dominance Below 60% Primary Drivers Inflation data, Fed rate-cut expectations, altcoin strength
---
Would you like a deeper dive into technical indicators, comparative analysis with Ethereum, or insights into institutional flows and ETF activity?
Token Burn & Supply Cap: OKX executed a massive one-time burn of 65.26 million OKB tokens, reducing the total supply by approximately 52% and permanently capping it at 21 million—a move that triggered dramatic market reactions .
Price Surge and Correction:
CoinDesk reported OKB skyrocketing from about $46 to $142, before retracing back to close at around $102 .
Crypto Briefing echoed this, citing a 170% intraday surge—from ~$47 to ~$126—with a 24-hour gain of 172% .
BeInCrypto placed the all-time high at approximately $142.88 .
Live Prices Across Platforms:
CoinMarketCap shows a current OKB price around $110–$112, with 24-hour volume and trading activity surging .
CoinGecko reports a price of $87.59, reflecting a 90%+ increase in the last day .
Crypto.com and OKX’s own price page both indicate prices in the $113–$115 range .
Note: Some aggregators like Kraken still reflect outdated pre-burn values around $106 .
Summary
Current Price Range: Estimates vary depending on platform and update frequency—but most sources place OKB now between $100 and $115.
Volatility Alert: This price surge was triggered by a major tokenomic change. Volatility remains elevated, with prices reacting sharply to supply shock and evolving adoption of OKX’s X Layer blockchain.
Outdated Listings: If you see prices below $100, those likely reflect data from before the token burn and may not be reliable.