Bitcoin rose 1.23% to $30,476, while Ethereum climbed above $1,850. BTC volume in the last 24 hours reached approximately $14.59 billion, a rise of 66.55%. Giottus Crypto Platform CEO Vikram Subburaj said, "Breaching key resistance at $32,400 will be the eventual target before a sustained rally is possible." Meanwhile, the global cryptocurrency market cap hit around $1.19tn, a rise of 1.45% in the last 24 hours, while the market cap of Bitcoin was at $593bn, and its dominance was sitting at 49.88%, a decline of 0.11% over the day, according to CoinMarketCap.
The cryptocurrency market showed mixed trading on Tuesday, with Bitcoin, Ethereum, XRP, and Cardano seeing gains, while BNB, Litecoin, Polkadot, and Solana experienced losses. Bitcoin surpassed $31,000, driven by optimism about a Bitcoin ETF. The total crypto market volume increased by 25.34%, with the DeFi sector contributing 7.78% of the overall volume. Bitcoin s dominance stood at 49.56%, and its stability suggests a weakening bearish grip. Breaking resistance at $32,400 is crucial for Bitcoin to continue its rally. The global cryptocurrency market cap rose to $1.22 trillion.
Bitcoin, Tron, BNB, and Litecoin showed gains, while Ethereum, XRP, Dogecoin, and Cardano were trading with cuts in Tuesday s cryptocurrency markets. BTC volume in the last 24 hours was approximately $15.25 billion. The global cryptocurrency market cap was trading around $1.18 trillion, with DeFi volume accounting for 7.58% of the total crypto market 24-hour volume. Bitcoin s dominance in the market rose to 49.97%. A clear breakout above $31.5k-$33.5k levels could potentially start a rally towards the psychological figure of $50k, said Shubham Hudda, Senior Manager at CoinSwitch Markets Desk.
BlackRock s recent filing for a bitcoin exchange-traded fund (ETF) contributed to the cryptocurrency market s third consecutive day of growth. Bitcoin increased 5% to $30,326, and Ethereum surpassed $1,900. Bitcoin s trading volume rose 25% to about $31.48 billion within the past 24 hours. Other cryptocurrencies such as Cardano, Dogecoin, Shiba Inu, and Litecoin also saw a surge of over 7%. The global cryptocurrency market cap rose by 5% to $1.18 trillion within the last day. Experts believe that Bitcoin has entered a key resistance zone that could help it break above $32,500 in the coming weeks, spurred by positive investor sentiment.
Bitcoin, Solana, and Polygon gained while BNB, XRP, and Cardano were down in Tuesday s mixed cryptocurrency market. Bitcoin was up 1% at $26,796, while Ethereum was above $1,700 level. Mudrex s CEO, Edul Patel, said Bitcoin consolidated above the $26,600 level and spiked above $27,000 before correcting gains. The global cryptocurrency market cap was around $1.07tn, increasing 0.62% in the last 24 hours. Meanwhile, Bitcoin s market cap was around $520bn, with resistance at $27,200 and support at $26,700, according to CoinMarketCap.