Crypto majors in the red following a Tuesday selloff across markets; BTC -3% at $88,200; ETH -6% at $2,905, SOL -2% at $127; XRP -2% to $1.88. MYX (+11%) and ZRO (+10%) led top movers. Bitcoin and Solana both break below key support as selling intensifies.
The cryptocurrency market faced broad selling pressure on Tuesday, with major tokens all declining. Bitcoin and Solana both broke below key technical support levels, signaling deteriorating market sentiment.
Global financial markets were gripped by a selloff on Tuesday, with cryptocurrency majors taking heavy losses:
Both Bitcoin and Solana have broken below critical technical support levels. Technical analysts note that as selling pressure mounts, prices may test lower levels in the near term.
Against the broader market weakness, some tokens surged against the tide. MYX soared 11% on the day, while ZRO climbed 10%—making them the strongest performers in the crypto space.
After former U.S. President Trump delivered remarks at the Davos World Economic Forum, the cryptocurrency market saw a short-lived rebound, reflecting market expectations around his policy stance. Meanwhile, MicroStrategy founder Michael Saylor made another move, pouring $2.13 billion into Bitcoin purchases—demonstrating unwavering confidence in the flagship cryptocurrency. Additionally, popular crypto influencer Blondish recently released an interview, sparking market discussion. Analysts advise investors to closely monitor upcoming policy developments and institutional activity.
Loading…