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Bitcoin maintains $90,000, altcoins continue to stay strong and stable
Source: BlockMedia Original Title: [Market Update] Bitcoin Maintains $90,000, Altcoins Show Steady Gains Original Link: https://www.blockmedia.co.kr/archives/1030877 As the digital asset market continues to stabilize above the psychological support level of $90,000, Bitcoin remains steady, while major altcoins are showing mild upward trends in a ‘steady gain’ phase.
As of 6:00 AM on the 11th, the total market capitalization of digital assets reached $3.009 trillion, a 0.35% increase from the previous day. The Fear & Greed Index, which reflects investor sentiment, stands at 40, indicating a ‘neutral’ phase. This suggests that there is currently no extreme optimism or pessimism in the market. Investors are maintaining a cautious stance, observing market conditions rather than making aggressive purchases to confirm further upward momentum.
Bitcoin(BTC) rose 0.23% from the previous day to $94,074, holding above the $90,000 support level. Ethereum(ETH) traded at $3,085.72, up 0.48% from the previous day, settling comfortably above the $3,000 mark.
BNB increased by 1.80% from the previous day, making it the standout among major coins with notable gains.
XRP(XRP) rose 0.25% from the previous day and has increased by 4.16% over the past 7 days, continuing its solid recovery.
The market received a positive signal as Bitcoin shifted the $90,000 resistance into a support level. Notably, some altcoins recorded higher gains than Bitcoin, indicating a flow of funds within the market. If the current neutral investor sentiment improves, there is a high potential for additional rallies in altcoins, supported by Bitcoin’s price defense.