Crypto Market Rebounds Tuesday; BTC Eyes $80k, SOL/ADA/DOGE Post Big Gains
- Crypto market bounces Tuesday (total cap up 6 percent) after recent sharp sell-offs
- Bitcoin reclaims $79k but BTC dominance also rises (62.7 percent), hindering alts
- SOL (>$100), ADA (>$0.58), DOGE (~$0.15) see double-digit gains, face key EMA resistance
The crypto market showed signs of life Tuesday, bouncing back after sharp sell-offs over the previous two days. Bitcoin (BTC) led the recovery by reclaiming ground above $79,000, while major altcoins posted stronger percentage gains.
The total crypto market cap jumped 6.11% to $2.62 trillion. However, Bitcoin dominance also climbed to 62.7%, signaling BTC captured a large share of the rebound’s value, potentially hindering chances for a broad altcoin rally near-term.
Bitcoin itself reached a daily high of $81,000 but struggled to hold above $80,000, trading near $79,200 at press time with a 7% 24-hour trading volume increase.
Related: Engineered Recession Response? Theory Swirls as Tariffs Send Markets Reeling
Bitcoin (BTC) Technical Check
Bitcoin’s Relative Strength Index (RSI) reads near 39.02, indicating continued weak momentum, with the chart suggesting short-term consolidation.
The pr…
The post Crypto Market Rebounds Tuesday; BTC Eyes $80k, SOL/ADA/DOGE Post Big Gains appeared first on Coin Edition.
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Crypto Market Rebounds Tuesday; BTC Eyes $80k, SOL/ADA/DOGE Post Big Gains
- Crypto market bounces Tuesday (total cap up 6 percent) after recent sharp sell-offs
- Bitcoin reclaims $79k but BTC dominance also rises (62.7 percent), hindering alts
- SOL (>$100), ADA (>$0.58), DOGE (~$0.15) see double-digit gains, face key EMA resistance
The crypto market showed signs of life Tuesday, bouncing back after sharp sell-offs over the previous two days. Bitcoin (BTC) led the recovery by reclaiming ground above $79,000, while major altcoins posted stronger percentage gains.
The total crypto market cap jumped 6.11% to $2.62 trillion. However, Bitcoin dominance also climbed to 62.7%, signaling BTC captured a large share of the rebound’s value, potentially hindering chances for a broad altcoin rally near-term.
Bitcoin itself reached a daily high of $81,000 but struggled to hold above $80,000, trading near $79,200 at press time with a 7% 24-hour trading volume increase.
Related: Engineered Recession Response? Theory Swirls as Tariffs Send Markets Reeling
Bitcoin (BTC) Technical Check
Bitcoin’s Relative Strength Index (RSI) reads near 39.02, indicating continued weak momentum, with the chart suggesting short-term consolidation.
The pr…
The post Crypto Market Rebounds Tuesday; BTC Eyes $80k, SOL/ADA/DOGE Post Big Gains appeared first on Coin Edition.
Read More