Synopsis
On Tuesday, Bitcoin, Solana, and Dogecoin fell up to 5%, while Ethereum, XRP, and Polygon rose 1.5%. The crypto market cap dropped 0.13% to $2.44 trillion. Bitcoin neared $67,000, with $68,420 resistance. Stablecoins volume reached $67.9 billion. Bitcoin’s market cap fell to $1.321 trillion due to profit booking and US dollar strength.
Major crypto tokens traded mixed on Tuesday. Bitcoin, BNB, Solana, Dogecoin, Toncoin, Cardano, and Avalanche saw losses, trading down by up to 5%. Conversely, Ethereum, XRP, Polygon, and Pepe recorded gains, trading up to 1.5% higher.
Meanwhile, the global cryptocurrency market cap declined marginally by 0.13% to around $2.44 trillion in the last 24 hours.
As of 3:23 p.m. IST, Bitcoin was down 0.5% at $67,019, while Ethereum remained above the $3,500 level. Earlier in the day, Bitcoin touched $68,267.
Crypto Tracker
TOP COIN SETSCrypto Blue Chip – 53.36% BuyNFT & Metaverse Tracker2.14% BuyDeFi Tracker-0.89% BuyWeb3 Tracker-2.39% BuyAI Tracker-3.54% BuyTOP COINS (₹) Ethereum295,211 (1.05%)BuyTether84 (0.08%)BuyBitcoin5,607,994 (-0.53%)BuySolana14,908 (-0.66%)BuyBNB49,126 (-1.54%)Buy”Bitcoin is consolidating around the $67,000 level as market participants book profits and the US dollar strengthens. Despite this, bullish sentiment remains strong, with Bitcoin gaining about 5% in the past week. The key resistance level is at $68,300, while support lies at $66,500,” said Edul Patel, CEO of Mudrex.
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View Details »Vikram Subburaj, CEO of Giottus Crypto Platform, said, “Bitcoin has zoomed past key resistance levels around $65,500 and is showing strong momentum as it surges towards $68,000. The price action continues to test the upper boundaries of BTC’s Bollinger bands, indicating that the momentum is likely to continue.”
The volume of all stablecoins is now $67.9 billion, which is 73.61% of the total crypto market 24-hour volume, as per data available on .
In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, fell to $1.321 trillion. Bitcoin’s dominance is currently 54.24%, according to . BTC volume in the last 24 hours surged 45.1% to $44.48 billion.
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Bitcoin (BTC/USD) is currently trading near $67,000, a slight decrease of almost 0.5%. On the 4-hour chart, $66,660 serves as a crucial pivot point for traders. Immediate resistance levels are seen at $68,420, followed by $69,250 and $70,090. Support is noted at $65,880, with further levels at $65,120 and $64,300.
Technical indicators offer mixed signals: the RSI sits at 55, indicating neutrality, while the 50-day EMA at $66,250 suggests a buying trend above $66,000. An ascending trendline near $66,660 provides further bullish support, with Bitcoin’s outlook remaining positive above this level. However, a break below $66,660 could trigger a significant downtrend.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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