Crypto markets hold their ground
🟩 Bitcoin in the green – BTC approached $86,000 before settling just below, gaining nearly 9% over the past week.
📊 Altcoins diverge – Synthetix (SNX) rose 3.5% while The Sandbox (SAND) fell by a similar margin. Berachain (BERA) extended its recent losses.
📈 Sentiment improves – The Crypto Fear & Greed Index rose to 31, moving closer to neutral territory for the first time in weeks.
🏦 Strategy’s buying spree – Strategy (formerly MicroStrategy) disclosed a $285.8M BTC purchase.
BITCOIN (BTC) and Ethereum (ETH) continued to consolidate on Tuesday, with the world’s largest cryptocurrency briefly nearing the $86,000 mark before easing slightly to around $85,800.
Ethereum traded in line with broader market movements, as investors wait for the next major signal.
Altcoin performance remains mixed. Synthetix (SNX) posted gains of 3.5%, while metaverse token The Sandbox (SAND) dropped by a similar percentage. Berachain (BERA), which has come under pressure in recent sessions, continued to trend lower.
Despite the uneven price action in the broader market, sentiment appears to be stabilising. The Crypto Fear & Greed Index rose to 31/100, inching closer to neutral territory and suggesting that some risk appetite is returning. Bitcoin itself is up nearly 9% over the past seven days, reflecting growing confidence among investors.
That confidence was underscored by a fresh filing from Strategy, the business software firm formerly known as MicroStrategy. The company disclosed the purchase of 3,459 BTC for approximately $285.8 million this past week at an average price of $82,618 per coin. The move reinforces Strategy’s long-standing commitment to Bitcoin as a corporate treasury asset, even at historically high prices.
Markets continue to monitor President Trump’s tariff updates and the potential market impact thereof.
Reuters reports that Federal Reserve officials have expressed caution regarding the economic outlook. Governor Christopher Waller highlighted the potential for recent tariffs to slow the economy and increase unemployment, suggesting that rate cuts might be necessary even if inflation remains above target levels.
Similarly, Atlanta Fed President Raphael Bostic emphasised the need for prudent policy moves amid significant uncertainty. As investors digest these developments, the crypto market is showing some resilience amid broader economic fluctuations.
In the markets
🌍 Total crypto market cap ⬆️
The global cryptocurrency market capitalisation is approximately $2.77 trillion, reflecting a +0.89% decrease over the last 24 hours.
🟠 Bitcoin (BTC) ⬆️
Price: Currently trading at $85,855, marking a 1.51% increase in the last 24 hours.
Daily high: $85,902
Daily low: $84,050
💎 Ethereum (ETH) ⬆️
Price: Currently trading at $1,643, reflecting a 0.48% increase in the last 24 hours.
Daily high: $1,684
Daily low: $1,617
📈 S&P 500 ⬆️
The S&P 500 index is up approximately 0.79% since yesterday.
😬 Fear & Greed Index
The Fear and Greed Index currently stands at 31/100, indicating Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The RSI for Bitcoin is at approximately 62, suggesting a neutral to slightly bullish bias without entering overbought territory.
Post Script…
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
