The cryptocurrency market remained volatile on Tuesday, with most major tokens trading sluggishly as investors awaited the Federal Reserve’s upcoming policy meeting.
Bitcoin (BTC) held steady around the $83,000 mark, while XRP and Solana saw steeper declines.
The global cryptocurrency market cap edged down 0.26% to $2.71 trillion over the past day, while market activity picked up with a 7.83% increase in total trading volume, reaching $72.94 billion.
Investor sentiment remained in the “fear” zone, as indicated by the Crypto Fear and Greed Index.
Bitcoin (BTC) price today
Bitcoin traded at $83,044.68, down around 0.23% intraday.
The coin’s 24-hour trading range was between $82,492.15 and $84,725.33.
Bitcoin continues to trade within a narrow range of $84,000 to $82,000, with bulls finding it difficult to push the price higher.
Market sentiment remains cautious, and optimism for a swift move past the $90,000 mark is waning.
Bitcoin’s dominance in the market slightly rose to 60.71%, up 0.02% on the day.
Trading volume for the coin was up 1.33% at $24 billion.
Ethereum (ETH) price today
Ethereum (ETH) price bucked the general trend and was in the green on Tuesday.
ETH price was up around 0.55% to trade at $1,906.32.
The intraday low and high were $1,880.48 and $1,951, respectively.
This comes as Standard Chartered revised its price forecast for Ethereum, predicting that the cryptocurrency may not reach $10,000 in 2025 due to the growing influence of Layer-2 solutions on its value.
In a market note, analyst Geoffrey Kendrick outlined the bank’s updated expectations, citing Ethereum’s recent decline to multi-month lows.
The bank now anticipates Ethereum to rise to $4,000 in 2025, significantly lower than its previous $10,000 target.
XRP and SOL price today
XRP fell over 1.8%, trading at $2.29 after hitting an intraday low of $2.28 and a high of $2.38.
Solana (SOL) registered a close to 3% drop to $124.54 trading between $123.77 and $130 in the past 24 hours.
It was the biggest loser among the top 10 cryptocurrencies by market cap.
Trading volume was up over 7% at $2.79 billion.
Top crypto gainers and losers
PancakeSwap (CAKE) led the gainers with a strong 21.59% surge in the last 24 hours, pushing its price to $2.59.
Pepe (PEPE) followed with a 5.67% increase, now trading at $0.057182.
TRON (TRX) climbed 5.01% to reach $0.2230, while OKB (OKB) rose by 4.62%, settling at $51.69.
Cosmos (ATOM) also gained 3.98%, trading at $4.75.
Pi (PI) led the losers with a sharp 16.20% drop in the last 24 hours, bringing its price down to $1.17.
Berachain (BERA) followed with a 9.56% decline, now trading at $6.26. Sonic (S) saw a 5.23% decrease, settling at $0.4766, while Shiba Inu (SHIB) fell by 4.10% to $0.00001269.
Story IP also declined by 3.78%, currently priced at $5.32.
Broader crypto price action
Cardano (ADA) has decreased by 0.45% in the last 24 hours, currently trading at $0.7092.
Chainlink (LINK) has increased by 2.79% over the past day, reaching a price of $14.05.
Bitcoin Cash (BCH) has decreased by 0.59% in the last 24 hours, currently valued at $332.25.
Dai (DAI) has increased by 0.01% over the past day, trading at $1.00.
Celestia (TIA) has decreased by 0.41% in the last 24 hours, reaching a price of $3.40.
Cosmos (ATOM) has increased by 4.08% over the past day, currently priced at $4.75.
Bonk (BONK) has increased by 0.27% in the last 24 hours, reaching a price of $0.00001076.
Bitcoin SV (BSV) has decreased by 0.36% over the past day, trading at $33.75.
Decentraland (MANA) has increased by 3.07% in the last 24 hours, currently valued at $0.2703.
Chiliz (CHZ) has increased by 1.05% over the past day, reaching a price of $0.04512.
Compound (COMP) has decreased by 0.42% in the last 24 hours, currently trading at $42.54.
Dash (DASH) has decreased by 0.25% over the past day, reaching a price of $22.83.
Basic Attention Token (BAT) has increased by 2.22% in the last 24 hours, currently valued at $0.1494.
Decred (DCR) has increased by 2.70% over the past day, trading at $11.94.
DigiByte (DGB) has increased by 0.29% in the last 24 hours, reaching a price of $0.008176.
BOOK OF MEME (BOME) has increased by 1.42% over the past day, currently priced at $0.001432.
Dent (DENT) has increased by 2.11% in the last 24 hours, reaching a price of $0.0007614.
Bitcoin Gold (BTG) has increased by 15.19% over the past day, trading at $3.34.
BitShares (BTS) has remained stable with a 0.00% change in the last 24 Bithours, valued at $0.001028.
BytomDAO (BTM) has decreased by 6.64% over the past day, reaching a price of $0.001700.
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