Crypto Markets Stabilize as Bitcoin Tests $120,000, Ethereum Nears Key Level
Crypto markets stabilized overnight, with Bitcoin inching closer to the psychological barrier of $120,000, according to TradingView charts.
Over the past 24 hours, Bitcoin rose by around 1%, trading between $119,000 and $119,600, following a notable recovery from earlier losses.
Ethereum gained more strength, rising over 4% to trade near $3,930, approaching the key resistance level at $4,000. Trading volume remains substantial, with Bitcoin’s 24-hour volume at approximately $880 million.
Ethereum saw even higher activity, surpassing $842 million, signaling strong buying interest. Among significant gainers were BNB, rising nearly 7% to $853, and Solana, up 3.6% to $194. XRP also had a positive session, climbing about 3% to reach $3.31.
The rise in Ethereum comes alongside significant institutional inflows. Ethereum-based exchange-traded funds (ETFs) attracted roughly $1.85 billion in the last week alone.
In contrast, Bitcoin ETFs saw mixed results, experiencing significant inflows early last week but registering net outflows of $131 million earlier this week.
Technical analysis reveals Bitcoin consolidating near its resistance at $120,000. The daily chart’s RSI sits around 64, suggesting more upward space before becoming overbought.
The MACD remains neutral to slightly bullish, indicating cautious optimism. Bitcoin’s Bollinger Bands are narrowing, reflecting decreased volatility and the potential for a breakout or breakdown soon.
Ethereum’s daily chart presents a clearer bullish outlook, trading comfortably above its 20-day moving average. RSI levels remain moderate, around 65, supporting the view of continued upward momentum.
MACD indicators are favorable, trending upwards after a recent bullish crossover, implying continued strength. Global liquidity, represented by the NDQ index, showed a minor uptick.
This modest increase supports short-term bullish sentiment but does not indicate significant long-term inflows yet. Altcoins saw heightened speculative activity, particularly ZORA, ANI, and ALT, each experiencing double-digit percentage gains.
These sharp moves underline speculative trader interest, albeit with greater risks involved. In summary, crypto markets appear cautiously optimistic, driven mainly by institutional interest and technical factors.
Bitcoin faces a critical test at $120,000, while Ethereum benefits significantly from institutional support. Altcoins continue to attract speculative traders, emphasizing volatility and opportunity within the market.
Live Market IntelligenceCrypto — Live Market Board
Rio Times · Live Market Intelligence
Crypto — Live Market Board
-0.26%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 63,384 | -0.26% | -47.24% | 63,552 | 64,346 | 63,305 | 22,774,743,040 |
| ETH | 1,886 | +0.26% | -58.90% | 1,881 | 1,920 | 1,879 | 7,916,475,392 |
| SOL | 75.89 | -0.40% | -60.44% | 76.20 | 76.99 | 75.39 | 1,473,821,056 |
| XRP | 1.01 | -1.15% | -69.07% | 1.02 | 1.02 | 1.01 | 1,144,044,416 |
| BNB | 609.60 | -1.12% | -26.81% | 616.50 | 619.30 | 609.23 | 1,266,706,432 |
| ADA | 0.18 | -1.98% | -78.22% | 0.19 | 0.19 | 0.18 | 238,085,632 |
| DOGE | 0.07 | -1.56% | -70.00% | 0.07 | 0.07 | 0.07 | 553,256,192 |
| AVAX | 6.38 | +1.04% | -74.11% | 6.32 | 6.42 | 6.21 | 248,470,560 |
| LINK | 8.77 | -0.06% | -62.73% | 8.77 | 8.87 | 8.68 | 317,054,880 |
| DOT | 0.78 | -0.75% | -81.11% | 0.79 | 0.80 | 0.78 | 43,490,492 |
| LTC | 45.08 | -0.85% | -65.45% | 45.47 | 45.59 | 44.98 | 143,727,712 |
| BCH | 213.85 | +0.10% | -65.44% | 213.64 | 215.69 | 212.54 | 137,956,688 |
| TRX | 0.34 | +0.28% | -4.73% | 0.33 | 0.34 | 0.33 | 436,576,064 |
| XLM | 0.16 | -1.33% | -64.46% | 0.16 | 0.16 | 0.16 | 89,559,864 |
| HBAR | 0.07 | -0.53% | -74.67% | 0.07 | 0.07 | 0.07 | 22,546,186 |
| NEAR | 1.65 | +2.42% | -40.55% | 1.62 | 1.68 | 1.61 | 187,591,264 |
| ATOM | 1.40 | -2.36% | -70.15% | 1.44 | 1.44 | 1.40 | 18,626,964 |
| AAVE | 89.06 | +0.93% | -72.33% | 88.24 | 90.20 | 88.19 | 129,099,704 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.
Read More from The Rio Times