As Bitcoin held on to its $26000 support, the crypto market saw a balanced movement take shape in the last 24 hours, as volatility was seen decreasing.
After a highly volatile previous week, the crypto market finally saw some balanced movement, with Bitcoin remaining steady above $26000. Almost all crypto tokens saw mixed movements, but their trading ranges were tight with little volatility.
Bitcoin, BNB, and ETH saw minimal cuts, while those like Shiba Inu, Dogecoin, and XRP saw gains in the last 24 hours. ETH was stable above $1700, losing a little over 0.4%. Its market cap was trading slightly over $207 billion.
While the crypto fear and greed index was below 50 in the last ten days, investors could have still built some confidence in the short-term viability of BTC as it has stood firm above $25000, while the crypto market’s capitalization stood at over $1 trillion comfortably. Though the market was trading in a tight range, traders could do with some volatility for the time being.
Bitcoin was dominating the crypto market with its 48.12% share, having a market cap of around $512 billion, as it has been floating on a flat note currently.
BTC/USD 1D price chart
Bitcoin is currently trading at around $26300 on June 19, 2023, with BTC/USD down by around 0.3% in the previous 24 hours, witnessing a balanced movement. BTC/USD is trading below its 20-day EMA (26,524.59) as BTC’s 24-hour volume stayed over $8 billion. Bitcoin has seen around 59.24% returns on a year-to-date basis.