Bitcoin (BTC) Market Expresses Volatility as Prices Fluctuate, Revealing Widespread Liquidity

The crypto market expressed volatility Tuesday as prices fluctuated, revealing widespread liquidity. Bitcoin traded at $109, 72 as at 11:22 AM WAT

The crypto market displayed volatility on Tuesday as prices fluctuated, revealing widespread liquidity.

According to Blockchain, Bitcoin was trading at $109, 72 as at 11:22 AM WAT, indicating a 0.09 per cent drop from its last trading. The cryptocurrency has traded within a range of $109, 72 and $110,376.88 in the past 24 hours, after briefly touching $110,000.

However, analysts observed that Bitcoin’s recent slip around $109,000 has triggered a substantial response from long-term holders, who have been patiently accumulating the asset during market turmoil.

Despite the recent setback, Bitcoin’s market capitalisation remains the largest among all cryptocurrencies at $2.16 trillion, with a 24-hour trading volume of $49.26 billion.

suggest that the cryptocurrency encountered resistance around $2,600 and support levels near $2,500.

At last check, Ethereum was trading at $2,605.64, showing a 1.32% increase and a trading volume of $13.56 billion over the past 24 hours.

Other cryptocurrencies posted mixed performances. Binance Coin (BNB) showed a gain of 0.58%, while Solana (SOL) dropped by 1.96%, and Ripple (XRP) slid by 1.68%.

Tether (USDT) remained relatively stable at $1, recording a minor decrease of 0.01%.

Among trending digital assets, Ethereum (ETH), Polyhedra Network (ZKJ), Merlin Chain (MERL), BUILDon (B), and Huma Finance (HUMA) emerged as top-performing tokens on CoinMarketCap, indicating strong interest from investors.