The cryptocurrency market displayed fresh signs of volatility on Tuesday as digital asset prices fluctuated, reflecting a landscape of widespread liquidity and cautious investor sentiment.
As of 11:22 AM WAT, Bitcoin (BTC) was trading at $109,072, marking a slight 0.09% decline from its previous close, according to data from Blockchain. Over the past 24 hours, Bitcoin has moved within a narrow range between $109,072 and $110,376.88, after briefly crossing the $110,000 mark.
Market analysts say the latest dip near $109,000 has prompted renewed interest from long-term holders, many of whom are believed to be accumulating Bitcoin quietly amid current market stress.
Despite the modest pullback, Bitcoin remains the dominant cryptocurrency, maintaining a market capitalisation of approximately $2.16 trillion, with a 24-hour trading volume of $49.26 billion.
Meanwhile, Ethereum (ETH) showed resilience in its price action. Trading at $2,605.64 at the time of writing, the cryptocurrency posted a 1.32% gain over the last 24 hours. Ethereum has remained confined to a trading range between $2,450 and $2,750, with resistance forming near $2,600 and support close to $2,500. Its daily trading volume reached $13.56 billion.
Other major altcoins posted mixed results:
- Binance Coin (BNB) edged up by 0.58%
- Solana (SOL) dipped 1.96%
- Ripple (XRP) slid 1.68%
- Tether (USDT) remained largely flat, holding steady at $1 with a marginal 0.01% decline
Among trending digital assets, several tokens stood out on CoinMarketCap, including Ethereum (ETH), Polyhedra Network (ZKJ), Merlin Chain (MERL), BUILDon (B), and Huma Finance (HUMA). These assets recorded notable investor interest, indicating emerging momentum in niche segments of the market.
While the crypto market continues to navigate global economic uncertainty and shifting sentiment, analysts suggest that strategic accumulation by long-term investors and increasing interest in altcoins may hint at more dynamic moves ahead.
