The crypto market expressed volatility Tuesday as prices fluctuated, revealing widespread liquidity.
Bitcoin traded at $109, 72 as at 11:22 AM WAT, a 0.09 per cent drop from its last trading, according to Blockchain. The cryptocurrency has fluctuated between $109, 72 and $110,376.88 in the past 24 hours, after briefly hitting $110,000.
Analysts note that Bitcoin’s recent dip around $109,000 has triggered a significant response from long-term holders, who have been quietly accumulating the asset during market stress.
Despite the deep, Bitcoin’s market capitalisation remains the highest among all cryptocurrencies at $2.16 trillion, with a 24-hour trading volume of $49.26 billion.
Although resistance has formed around $2,600 and support remains near $2,500, Ethereum has been trading within a range of $2,450 to $2,750. At last check, the cryptocurrency had traded at $2,605.64, marking a 1.32% increase, with a trading volume of $13.56 billion in the past 24 hours.
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Others have posted mixed reactions, with Binance Coin (BNB) posting a 0.58% gain, while Solana (SOL) dropped by 1.96%, and Ripple (XRP) slid by 1.68%.
Tether (USDT) remained relatively stable at $1, recording a minor 0.01% decline.
Among trending digital assets, Ethereum (ETH), Polyhedra Network (ZKJ), Merlin Chain (MERL), BUILDon (B), and Huma Finance (HUMA) emerged as top-performing tokens on CoinMarketCap, showing heightened investor interest.