The crypto market reflected a slight uptick on Tuesday amid the ongoing crypto market volatility. Bitcoin price rose by nearly two percent over the last day. At the time of writing, BTC was trading at $87,185 that is 6.7 percent higher than its seven day average price, as per CoinMarketCap.
Market analysts in conversation with Coin Headlines attributed this minor BTC rally to the institutional buying spree that includes Strategy acquiring over BTC 3,000 and another company, ProCap Financial Inc., purchasing BTC 450 over the past few days.
“Despite geopolitical tensions in the Middle East, investors remain composed, as seen in the $1 billion inflows into crypto investment products last week, led by Bitcoin and Ethereum. This signals renewed institutional interest amid broader risk aversion,” said Riya Sehgal, researcher at Delta exchange. “Technically, Bitcoin is consolidating between $63,500 and $70,000, forming higher lows on the 4-hour chart, a structure that often precedes a breakout.”
Ether clocked a gain of 1.2 percent over the last day. At press time, the ETH was retailing at $1,957, 7.39 percent higher than its seven day average price.
“Ethereum, meanwhile, continues to trade within a tight range between $1,800 and $2,150, awaiting a decisive breakout above the EMA200 for trend confirmation.
Overall, macro stability, consistent ETF inflows, and improving risk appetite point toward a cautiously optimistic outlook for March, with both Bitcoin and Ethereum poised to regain positive momentum if global markets remain steady.,” Sehgal added.
BNB, XRP, Solana, Cardano, and Monero clocked small gains of under two percent over the last day. Chainlink, Leo, Hyperliquid, Litecoin, Zcash, and Avalanche also saw miniscule profits.
Tokens trading in the losses as of Tuesday include Tron, Dogecoin, Cardano, Bitcoin Cash, Monero, Canton, and Stellar registered losses.
The overall crypto market cap rose by 1.47 percent bringing valuation to $2.31 trillion, CoinMarketCap showed.
“The bounce came as broader crypto markets reacted to escalating tensions involving United States, Israel, and Iran, with spillover into Lebanon, disrupting shipping through the Strait of Hormuz and lifting energy prices.while bitcoin climbed 4.9 percent to $68,920, reflecting Bitcoin’s push toward $69K strengthens short-term momentum, with resistance near $70,000 and support around $66,000,” Sathvik Vishwanath, Co-Founder and CEO, Unocoin told Coin Headlines.
Over 123,100 traders were liquidated in the last 24 hours with total liquidations hitting $443 million, CoinGlass showed.