The cryptocurrency market maintained its gains on Tuesday (25). Bitcoin, Ethereum and other cryptocurrencies added small profits, even as investors were apprehensive about the US central bank’s efforts to control inflation. The latest forecasts from economic analysts and officials, while positive, were not enough to shake up the crypto economy and start a new rally.
Bitcoin, the leading cryptocurrency in market capitalization, has risen another 2% in the past 24 hours, driven by a new wave of bullishness in the dollar. According to CoinGecko, BTC was selling in Brazil for R$102,000 reais. In the global market, however, the price of BTC remains supported over the resistance level of $19,000.
Ethereum also maintained its gains by 2.5 percent in the Brazilian market, rising to a price of R$7,147. The global cryptocurrency market capitalization was trading at $929.97 billion, almost falling as much as one percent in the past 24 hours. However, total trading volume jumped more than one percent to $52.53 billion.
Top cryptocurrency prices today
While the price of the dollar had a jump last Monday, closing with a high of almost three percent, the price of altcoins found a balance in Brazil. Despite the fall in the world market, here many have added profits.
According to CoinGecko, before the market opened on Tuesday, the price of stablecoins was at R$5.30, about 2.7% higher than last weekend.
Among the altcoins, BNB was up 2.1%, while Dogecoin (DOGE) and Polkadot (DOT) were up 3%. The XRP, Cardano (ADA) and Polygon (MATIC) coins, meanwhile, were up about 1% each. Among the major market economies, only Solana (SOL) entered the Brazilian market down, with losses of 0.5%.
Among DeFi coins and gaming tokens, the scenario was more mixed. While the FLOW, SAND MANA, THETA, CHILIZ and AXS coins added gains of up to 7% in the market, the APE, ENS and STEPN tokens suffered losses of up to 3%.