Synopsis
”In the last 24 hours, Bitcoin traded sideways following its recent upward movement, while most other tokens continued to rise. AI tokens like TAO and NEAR outperformed the market. For Bitcoin, holding above the $61,750 level is crucial for maintaining its current position,” noted the CoinDCX Research Team.
Major cryptocurrencies traded slightly lower on Tuesday, with Bitcoin and Ethereum both falling 0.2%, hovering around $63,400 and $2,640, respectively.
“Bitcoin has been rejected above $64,000 and has dropped to its previous consolidation range at $63,000. The asset remains range-bound, even as spot ETFs experienced outflows yesterday. Looking ahead, a decisive weekly close above $64,000 could trigger a rally towards $65,000. However, if this level fails to hold during a retest, a pullback to $62,000 may occur,” said Vikram Subburaj, CEO of Giottus.
Other altcoins, including XRP (-0.7%), Toncoin (-0.9%), Avalanche (-1.5%), Shiba Inu (-1%), and Litecoin (-2%), saw declines. Conversely, BNB, Solana, Dogecoin, Cardano, and NEAR Protocol experienced gains of up to 7%.
Crypto Tracker
TOP COIN SETSNFT & Metaverse Tracker17.77% BuySmart Contract Tracker12.54% BuyDeFi Tracker11.92% BuyBTC 50 :: ETH 509.02% BuyCrypto Blue Chip – 57.83% BuyTOP COINS (₹) BNB50,428 (2.27%)BuySolana12,324 (1.64%)BuyBitcoin5,322,565 (0.43%)BuyEthereum221,607 (0.41%)BuyTether84 (0.29%)Buy”In the last 24 hours, Bitcoin traded sideways following its recent upward movement, while most other tokens continued to rise. AI tokens like TAO and NEAR outperformed the market. For Bitcoin, holding above the $61,750 level is crucial for maintaining its current position,” noted the CoinDCX Research Team.
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 »Edul Patel, CEO of Mudrex, stated, “Bitcoin needs to surpass the new resistance at $64,500 to trigger another upward surge, with support now shifting to $62,300. Meanwhile, Bitcoin spot ETFs saw a record $17.7 billion in net inflows last week, indicating strong market sentiment across the crypto landscape.”
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Over the past 24 hours, Bitcoin’s market capitalization fell to $1.254 trillion, with its dominance at 56.25%. BTC trading volume decreased by 2.42% to $26.6 billion, while stablecoins accounted for $63 billion of this volume, or 91.22%, according to .
“Bitcoin’s technical indicators are mixed; the MACD is signaling a bullish crossover, while the RSI indicates fading momentum. If the $62,000 support holds, Bitcoin may retest $65,379. However, a break below $57,610 could lead to further declines, with support around $56,000,” said Sathvik Vishwanath, Co-Founder and CEO of Unocoin.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
