The cryptocurrency market saw mixed movements today, with Bitcoin (BTC) and Ethereum (ETH) testing key support levels while XRP recorded significant gains.
Bitcoin is currently trading at $83,008, staying within the $82,000 to $85,000 range for the past week. Today, BTC tested its support at $82,000, dipping as low as $81,762 before bouncing back. Despite a 1.15% gain, Bitcoin’s trading volume has dropped by 45%, signaling a lack of strong bullish momentum and the possibility of further declines.
Ethereum followed suit, testing its $1,800 support level. ETH’s trading volume has decreased by 25%, suggesting that the recent bounce may not be strong enough to maintain the price above this critical level, and it could revisit the support in the coming days.
On a more positive note, XRP has gained 4.67%, trading at $2.16 with a market cap of $125.9 billion and a trading volume of $3.22 billion. XRP’s bounce-back performance stands out as the strongest among the top cryptocurrencies today.
In the broader market, other major altcoins are mostly moving sideways, with little price change. Cardano (ADA) leads the altcoins with a 1.5% rise, followed by Binance Coin (BNB) at 0.85%. Dogecoin (DOGE) and Solana (SOL) have seen minimal movement, up by only 0.27% and 0.04%, respectively. TRON (TRX) is the only major coin on the downside, with a 1% drop.
Among today’s top gainers, EOS leads with a 6.49% increase, closely followed by Cronos (CRON) at 5.36%. On the flip side, the biggest losers are Aave (AAVE), down 5.07%, Maker (MKR), and Pepe Coin (PEPE), which have dropped by 4.89% and 4.10%, respectively.
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