The broader cryptocurrency market remains relatively uncertain, although for the past 24 hours, it appears that the bulls might be having the upper hand.<\/p>\n
The global tension, largely provoked by ongoing geopolitical conflicts and trade hurdles has surely had an impact, while the state of the US economy also seems to be a fundamental consideration behind the recent market moves in crypto.<\/p>\n
Bitcoin Price Flirts With $115,000<\/h2>\n
The past 24 hours saw BTC\u2019s price increase by around 0.8% and attack the $115,000 level yet again. The sellers attempted a push below $114,000, as\u00a0CryptoPotato\u00a0<\/em>reported<\/a> in yesterday\u2019s market watch, but were unsuccessful.<\/p>\n Regardless, the volatility has been relatively minimal, particularly when speaking about Bitcoin, which is also reflected in the liquidations over the discussed period. BTC accounted for $18 million, while ETH took center stage and accounted for $50 million worth of liquidated positions.<\/p>\n Data from Coinglass shows that the total number is around $146 million, which is less than what\u2019s typical, highlighting subdued trading activity across the derivatives markets over the past 24 hours.<\/p>\n It appears that the markets are consolidating and waiting for some sort of further clarity on the matter of tariffs, as well as the direction of the US Federal Reserve policy in regards to interest rates. Polymarket currently indicates a 79% chance of a 25 bps rate cut in September.<\/p>\n As you will notice in the cryptocurrency heatmap below, most of the altcoins are trading in the green. However, from the large caps, there is nothing too extraordinary.<\/p>\n As mentioned, ETH went through some volatility and, fortunately for the bulls, it resolved to the upside, gaining around 2.6% in the interim. DOGE, XLM, SUI, SOL, LINK, BNB, and pretty much all of the other leading altcoins are also gaining between 1% and 5%.<\/p>\n Out of the top 100 coins, the best performer is POL, which is up by 9%, followed by Ethena (ENA) with 8.3% and Mantle (MNT) with 5.8%.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nAltcoins in Green but Nothing Extraordinary<\/h2>\n
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