Synopsis
Bitcoin’s market cap fell to $1.903 trillion, with its dominance now at 59.93%. During the same period, BTC volume surged 59% to $27.29 billion. Stablecoins made up $86.43 billion of this volume, or 91.66%, according to .
Cryptocurrencies traded mixed on Tuesday, February 18, with Bitcoin holding steady above $96,000 while major altcoins, including Solana and Dogecoin, declined by up to 4%. Market sentiment remained cautious amid subdued trading activity.
As of 10:29 am IST, Bitcoin edged down 0.1% to $96,034, while Ethereum gained 1.4% to $2,701. The global crypto market cap dipped 0.12% to $3.18 trillion in the past 24 hours.
“Currently trading nearl$96,200, Bitcoin is trying to stabilise at this range as it builds momentum for its next move. However, the broader market activity remains subdued, with Bitcoin’s dominance at a multi-year high of nearly 60%. This indicates a relief rally among altcoins soon,” said Edul Patel, CEO and co-founder of Mudrex.
Crypto Tracker
TOP COIN SETSBTC 50 :: ETH 500.73% BuyCrypto Blue Chip – 50.29% BuyWeb3 Tracker-0.08% BuySmart Contract Tracker-1.21% BuyAI Tracker-6.21% BuyTOP COINS (₹) Ethereum233,567 (1.23%)BuyTether87 (0.23%)BuyBitcoin8,327,572 (-0.2%)BuyBNB57,176 (-1.85%)BuyXRP228 (-1.99%)BuyEthereum, trading near the key $2,750 resistance level, could see an upward breakout toward $3,000 if it holds, Patel added.
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View Details »Vikram Subburaj, CEO of Giottus, said, “Bitcoin remained steady at $96,000, consolidating as the market awaits direction. If BTC is successful in holding the current level, a run towards psychological resistance at $100,000 can be expected this week.”
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Other major altcoins also declined, with XRP falling 2.2%, Solana down 3.7%, Dogecoin losing 2.2%, and Sui dropping 2.2%. Tron, Stellar, Avalanche, Litecoin, and Toncoin also traded lower, registering losses between 1% and 4%.
In the last 24 hours, Bitcoin’s market cap dropped to $1.903 trillion. Bitcoin’s dominance now stands at 59.93%. BTC volume in the same period rose 59% to $27.29 billion. Meanwhile, stablecoins accounted for $86.43 billion of this volume, or 91.66%, according to .
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Bitcoins are consolidated between $ 94,000 and $ 100,000 for two weeks, while the investors’ sentiment remains indecisive. The US Bitcoin Spot ETFS recorded a net drain of $ 580.2 million last week, indicating a weakened institutional demand. In spite of this, the chain data indicate accumulation, with an inflow/drain ratio of 30DMA replacement at 0.98, which indicates the drain exceeding the influx.
Analysts emphasize key levels to $ 95,600 and $ 99,900, with a potential decline in $ 90,000 if the support breaks down. Regulatory optimism results from pro-crito appointment under President Trump. If BTC exceeds $ 100,000, it can re -test $ 106,012, while Bearish Indicators indicates further repair if support fails.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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