Synopsis
Bitcoin’s market cap dropped to $1.358 trillion in the last 24 hours, with the cryptocurrency currently holding a 60% market dominance, as per . BTC’s trading volume also rose by 24% to $41.54 billion during this period.
The cryptocurrency market showed mixed trends on Tuesday as investors awaited the outcome of the closely contested US presidential election.
Major tokens, including Bitcoin, Ethereum, BNB, Solana, and Toncoin, recorded declines of up to 6%, while others such as XRP, Dogecoin, Shiba Inu, Polkadot, and NEAR Protocol saw gains of up to 10%.
At 12:41 pm IST, Bitcoin (BTC) was trading 0.4% lower at $68,733, while Ethereum fell by 1.7% to $2,430. Despite individual declines, the global cryptocurrency market cap rose 0.36% over the past 24 hours, reaching around $2.26 trillion.
Crypto Tracker
TOP COIN SETSCrypto Blue Chip – 5-5.27% BuyBTC 50 :: ETH 50-5.45% BuyWeb3 Tracker-8.21% BuyNFT & Metaverse Tracker-13.70% BuyDeFi Tracker-13.99% BuyTOP COINS (₹) Bitcoin5,787,273 (0.33%)BuySolana13,619 (0.27%)BuyBNB47,049 (0.14%)BuyTether84 (-0.02%)BuyEthereum204,894 (-1.09%)Buy“Bitcoin continues to face selling pressure as uncertainty increases with only hours remaining before the US election. Market sentiment has been impacted by factors like Trump’s declining odds, weak non-farm job data, and Mt. Gox transferring $2.2 billion in Bitcoin to unmarked wallets, leading investors to take a cautious, wait-and-see approach until election results are clear. BTC now faces resistance at $69,000, with strong support at $65,950,” said Edul Patel CEO of Mudrex.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details »Meanwhile, the CoinSwitch Markets Desk stated, “Market volatility is high with the U.S. election voting and FOMC meeting this week. Historically, BTC tends to rally after election week, so current dips may just be noise.”
Stock Trading
Mastering Options Selling: Advanced Strategies for Success
View Program
Stock Trading
Dow Theory Made Easy
View Program
Stock Trading
Market 101: An Insight into Trendlines and Momentum
View Program
Stock Trading
Stock Valuation Made Easy
View Program
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
View Program
Stock Trading
Algo Trading Made Easy
View Program
Stock Trading
Technical Analysis Demystified: A Complete Guide to Trading
View Program
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
View Program
Stock Trading
Commodity Markets Made Easy: Commodity Trading Course
View Program
Stock Trading
Stock Markets Made Easy
View Program
Stock Trading
A2Z of Stock Market for Beginners: Stock Market Course For Beginners
View Program
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
View Program
Stock Trading
RSI Trading Techniques: Mastering the RSI Indicator
View Program
Stock Trading
Renko Chart Patterns Made Easy
View Program
Stock Trading
Heikin Ashi Trading Tactics: Master the Art of Trading
View Program
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
View Program
Stock Trading
Technical Analysis Made Easy: Online Certification Course
View Program
The volume of all stablecoins is now $79 billion, which is 95.19% 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 $1.358 trillion. Bitcoin’s dominance is currently 60%, according to . BTC volume in the last 24 hours surged 24% to $41.54 billion.
Earlier in the day, BTC touched the $66,800 mark. “Bitcoin has fallen below $68,000 amid a broader market selloff, with spot ETFs registering outflows. Heavy sell volumes suggest a potential for further consolidation unless we see a strong, volume-driven push towards $70,000,” said Vikram Subburaj, CEO of Giottus.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times.)
