- Bitcoin retraces after touching the $60K mark again, while the Ethereum price goes below $2,350 due to selling pressure.
- Solana shows resilience despite broader market declines, holding near $130 with a potential upside toward $136.
- Neiro surges over 600%, leading altcoin gainers, while others like Fractal Bitcoin and CATE face sharp double-digit losses.
The price of Bitcoin, Ethereum, and Solana fluctuated within a short price range, while some altcoins registered gains and losses worth mentioning.
Bitcoin Continues Its Volatility, Tests Key $60,000 Resistance
Bitcoin had seesawed within the last 24 hours and was changing hands 1.95% lower at $58,779.73 at the time of writing. After rallying to briefly push above $60,000, the price pulled off. With a 24-hour trading volume of $27.81 billion, Bitcoin Remains Volatile After rallying 6.66% in one week, the leading cryptocurrency remains volatile.
Bitcoin reversed at around $60,000 and pulled back into around $58,700 - the current range. The cryptocurrency is under a range-bound condition in the consolidation region centralized with the support level at $56,000 and the resistance level at $60,000, indicating that the market is still in a state of uncertainty.
Ethereum Sells Off, Slides Below $2,350
Ethereum is down 4.34% in the last day, changing hands at $2,302.90 at press time and changing hands at $15.46 billion worth of ETH. Today's sharp decline continues the asset's broader downtrend that has been in place since late August.
Ethereum briefly reached a level of around $2,250 and slightly bounced back. The asset has failed so far to hold up momentum above the $2,400 peg, which has become a signal of some bearish pressure on it.
Solana Shows Resilience Amidst Broader Market Declines
Solana, while shedding 2.73% in the last day, is massively stronger compared to the rest of the majors. The cryptocurrency changes hands at $131.96, with a trading volume of $2.26 billion. It has extended gains of 1.94% in the week and is consolidating in the range of $130-$134.84.
While Solana’s price has faced downward pressure, recent buying interest near $130 has led to a modest rebound.
Top Gainers See Rapid Rises in Price
Neiro (NEIRO) led the list of gainers, surging 644.3% to $0.0003309, alongside Black Agnus (FTW), which jumped 108.7%. Meme-based Baby DogeCoin (BABYDOGE) followed with a 53% gain, while Bozo Hybrid (BOZO) and Undeads Games (UDS) posted increases of 35.3% and 23.5%, respectively, at the time of this press. These tokens experienced significant short-term spikes, likely fueled by speculation, market events, or community-driven interest.
Top Losers Experience Market Corrections
Among the biggest losers, Neiro on Ethereum (NEIRO) saw a 38.6% decline, with its price falling to $0.08143. Cate on Ethereum (CATE) also dropped by 37.8%, followed by Fractal Bitcoin (FB), which experienced a 34.7% loss. Tron Bull (BULL) and SPX6900 (SPX) recorded 25% and 23.1% losses, respectively. These corrections likely stem from profit-taking or selling pressure after previous rallies.
The cryptocurrency market is currently marked by mixed volatility, with major assets like Bitcoin and Ethereum facing pullbacks while several smaller tokens post notable gains and losses.
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