Today, the cryptocurrency market sees a correction for most altcoins while Bitcoin shows positive dynamics.
Overall State of the Cryptocurrency Market
According to CoinStats, most cryptocurrencies display correction. Bitcoin is the exception, with a 1.06% increase.
Dynamics of Major Cryptocurrencies
The main cryptocurrencies show varying results:
- Bitcoin (BTC) is trading at $110,253 after a false breakout of support at $107,389. - Ethereum (ETH) fell by 1.17% and is currently priced at $4,383. - XRP remains at $2.8078, showing minimal changes after bouncing off support at $2.7280. - Cardano (ADA) decreased by 1.66%, trading at $0.8199. - Binance Coin (BNB) dropped by 0.84% to $851. - Solana (SOL) gained 1.37%, currently priced at $202.71.
Expectations for the Coming Days
In the coming days, it is expected that most cryptocurrencies, apart from Bitcoin, will continue trading sideways. The lack of clear dynamics in ETH, ADA, and BNB indicates a lack of energy for significant movements. Meanwhile, SOL holds a chance for an upward momentum if the price stays above the $200 zone.
The cryptocurrency market remains in anticipation of new movements, and while Bitcoin continues to rise, other altcoins are in correction, creating uncertainty for the coming days.
