Sideways at the top with some big moves among altcoins
- Bitcoin and Ethereum consolidate after recent gains, with BTC up 3% and ETH up 7% over the past week.
- Altcoins lead the market, with Berachain (BERA) up 11% overnight. Dogecoin (DOGE), Render (RENDER), and Ondo (ONDO) follow, rising between 3-5%.
- MicroStrategy adds 6,900 BTC to its holdings, reinforcing its bullish stance.
- Bitcoin briefly touched $88,000, with investors watching whether it can sustain momentum post-Fed meeting and amid easing US trade tensions.
BITCOIN and Ethereum are trading slightly lower this morning after a strong rally yesterday, consolidating recent gains. Over the past week, Bitcoin is up more than 3%, while Ethereum has climbed 7%.
Meanwhile, altcoins are driving market activity, with Berachain (BERA) leading gains at 11% overnight. Dogecoin (DOGE), Render (RENDER), and Ondo (ONDO) have also posted modest gains of 3-5% in the last 24 hours.
On the institutional side, Michael Saylor’s MicroStrategy continues its aggressive Bitcoin accumulation, purchasing another 6,900 BTC this week. The move reinforces the company’s long-term bullish stance on Bitcoin, which briefly climbed to $88,000 yesterday before pulling back.
With the Federal Reserve’s latest meeting behind us and uncertainty around US trade policies easing, investors are watching whether crypto markets can sustain this week’s upward trajectory.
In the markets
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalisation is approximately $2.84 trillion, reflecting a slight decrease of 0.08% over the last day.
🟠 Bitcoin (BTC) ⬇️
Price: Currently trading at $86,465.00, marking a decrease of 0.40% in the last 24 hours.
Daily high: $88,807
Daily low: $86,330
💎 Ethereum (ETH) ⬇️
Price: Currently trading at $2,056, reflecting a decrease of 0.68% in the last 24 hours.
Daily high: $2,103
Daily low: $2,039
📈 S&P 500 ⬆️
Price: The S&P 500 index is currently up by 1.82% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 34, indicating a state of Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 41, suggesting that the asset is nearing oversold territory.
Data is accurate as at 07:38 GMT.
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.
