Synopsis
Major crypto tokens had a mixed day with some recording gains and others facing losses. Bitcoin and Ethereum remained stable, with Bitcoin briefly touching $65,000.
Major crypto tokens displayed mixed performance on Tuesday. Ethereum, BNB, XRP, Solana, Dogecoin, and Shiba Inu recorded gains, trading up to 3% higher. Conversely, Toncoin, Cardano, Tron, Avalanche, and Polkadot saw losses, trading down by up to 4%.
Despite this, the global cryptocurrency market cap increased marginally by 0.12% to around $2.31 trillion in the last 24 hours.
Bitcoin was up 0.07% at $62,957 as of 11:59 a.m. IST, while Ethereum remained above the $3,350 level. Earlier in the day, Bitcoin briefly reached $65,000 following an incident involving Donald Trump, which increased the chances of his potential win in the US presidential election. This development is seen as positive for the crypto space, as Trump is a known crypto supporter.
Crypto Tracker
TOP COIN SETSSmart Contract Tracker11.02% BuyCrypto Blue Chip – 510.57% BuyDeFi Tracker10.18% BuyBTC 50 :: ETH 509.72% BuyAI Tracker9.35% BuyTOP COINS (₹) Solana12,994 (1.89%)BuyEthereum283,729 (1.13%)BuyBNB47,399 (0.93%)BuyBitcoin5,280,530 (0.52%)BuyTether84 (-0.19%)Buy”Bitcoin surged past $65,000 as Donald Trump’s chances of winning the upcoming November election improved, boosting BTC’s price. The market also gained optimism from the news that spot Ether ETFs will start trading next Tuesday,” 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 »CoinSwitch Markets Desk, said, “BTC bounce back post Trump’s assassination attempt continues as BTC posted a third straight green candle with little resistance to offer till 70k USD. However, we might see some profit booking at 65k USD given it is an important liquidity zone for the world’s largest crypto.”
The volume of all stablecoins is now $82.45 billion, which is 92.16% 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, rose to $1.242 trillion. Bitcoin’s dominance is currently 53.76%, according to . BTC volume in the last 24 hours rose 44.6% to $38 billion.
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
BTC’s resistance levels are at $65,500, $67,250, and $69,000, supported by strong technical trends like the Relative Strength Index (RSI) signaling buying opportunities.
The 50-day Exponential Moving Average (EMA) also backs an upward trajectory. Entry points above $63,500 are advised, targeting gains towards higher resistances. Continued market support suggests potential for further price increases in Bitcoin.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
