Today’s encryption price: Bitcoin’s bounce to $ 88,000 before cooling; Altcoins shows mixed trends

Bitcoin (BTC) offered a strong recovery on Tuesday, with a short period of $ 88,758 before retreating. The recovery was followed by US President Donald TrumpComments touching possible tariff exemptions, mitigating market concerns.

Market morale has also improved yet Microstrategy$ 584 million in bitcoin purchasing, enhancing institutional confidence. “Bitcoin briefly recovered $ 88,000 after buying Microstrategy, indicating a renewed institutional interest and ETF flows. The asset is still strong above the support level of $ 86,000, while Trump is a partnership with Crypto.com to launch ETFS, which includes digital assets and securities.

“This recovery indicates a bullish reflection with a low low low formation.

“The collapse of more than $ 88,000 may indicate a continuous rise, while the decrease of less than $ 82,000 may lead to a pressure pressure. Short -term plans are planning in the short term, with strong support between 85,000 dollars to 85,500 dollars.Also read: Bitcoin and Psychology of wealth: Robert Keusaki about the reason most people remain poor

As of 11:26 am, Bitcoin decreased by 0.2 % at 86,772 dollars, while ETHEREUM decreased by 0.6 % to $ 2,056. The ceiling of the global Crypto market has increased by 0.13 % over the past 24 hours, reaching $ 2.84 trillion.

Between the pioneer altcoinsBNB increased by 3 %, Solana gained 1 %, Ducin jumped by 5 %, and Cardano increased by 3 %. Meanwhile, ChainLink, Stellar, Hedra, Shiba Inu and UISWAP have published 1-2 % gains.

Bitcoin’s market value decreased to $ 1.723 trillion, although its hegemony rose to 60.53 %. Trading volume increased over 24 hours by 78 % to 33 billion dollars, while Stablecoin transactions constituted 95.2 % of the total encryption trading, amounting to 79.92 billion dollars, according to Coinmarketca.

Also read: Can Bitcoin decrease to $ 20,000 if Nasdak falls in the bear market?

Trump’s signs of potential relief affected the tariff on both traditional financial markets. “Bitcoin grows growing its growing dominance, while the slower ethereum pace raises questions about its near direction. The XRP wave patterns reflect the fluctuations and capabilities. Institutional investors Continue to hedge with Bitcoin, while the market watches Ethereum and other pioneers for their response to macroeconomic factors, “said Avinash Shekhar, co -founder and CEO of Pi42.

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