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Crypto market holds near $2.86T as Bitcoin slips below $85K
The market stayed close to $2.86T for eight straight days, while several large coins rose and others fell during the same 24-hour window.
The cryptocurrency market stayed near the same overall value for an extended stretch, hovering close to $2.86T for the eighth day in a row, while price movement this week has skewed toward the lower end of the range, according to Action Forex.
Action Forex reported mixed results among major coins over the past 24 hours, with IOTA up 7.8%, NEAR up 4.6%, and AAVE up 3.4%, while Internet Computer fell 4.3%, Filecoin dropped 3.5%, and Ethereum Classic declined 1.9%.
Bitcoin again failed to hold above $85K, as price strength tied to weaker-than-expected inflation data faded amid an ongoing sell-off in global government bonds, Action Forex said.
The outlet framed the backdrop as growing caution and uncertainty, driven by demand for the US dollar, warning that continued bond selling could spread risk across broader markets quickly.
Latest closeBitcoin $86,547.78 ▲3.6%|Ethereum $2,733.35 ▲1.9%