Stablecoins Lead with $27.54B Trading Volume, Market Remains Active
- Stablecoin Market Dominance: Tether (USDT) led the trading volume with $27.54 billion in the past 24 hours, reinforcing its role as the primary settlement and trading pair across both centralized and decentralized exchanges, indicating ongoing demand for liquidity tools.
- Steady Performance of Bitcoin and Ethereum: Bitcoin recorded a trading volume of $14.55 billion, reflecting stable participation despite muted price movements, while Ethereum's $5.93 billion volume signals sustained interest as traders balance spot activity and derivatives positioning.
- Layer-1 Tokens Remain Active: Among altcoins, Solana stood out with $1.68 billion in volume, maintaining its status as one of the most actively traded smart contract platforms, while BNB and XRP followed with $1.19 billion and $1.11 billion respectively, highlighting consistent liquidity across established ecosystem tokens.
- Positive Market Signals: The dominance of stablecoins in the volume rankings suggests active capital rotation rather than a broad risk-off sentiment, while solid volumes in Bitcoin, Ethereum, and leading altcoins indicate a market that remains engaged and ready to react quickly to macro or crypto-specific catalysts.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36103.034 | 48051.517 | 60373.054 | 72321.537 | 84643.074 | 96591.557 | 108913.094 |
| Fibonacci | 48051.517 | 57322.665 | 63050.389 | 72321.537 | 81592.685 | 87320.409 | 96591.557 |
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