|

The cryptocurrency market update: Bitcoin drifts lower within the current range

  • Bitcoin is hovering below $10,200 with a short-term bearish bias
  • Altcoins are moving without a clear direction.

Bitcoin and all major altcoins have been a mixed picture during European hours on Tuesday. The total market capitalization stays edged towards to $265 billion, average daily trading increased to $57 billion, while Bitcoin's market dominance retreated to 69.1%.

What’s going on in the market

A bug experienced by the US-based crypto exchange Kraken during production tests allowed users to buy Bitcoin at $8,000 and sell at $12,000. The bug did not affect liquidity and other market conditions.

Bitcoin volatility hit the lowest level since May. This lull in the market forced traders to practice the wait-and-see approach and refrain from active trading as long as the market is directionless.

Top-3 coins  price overview

At the time of writing, BTC/USD is changing hands at $10,150, down 1% on a day-on-day basis and since the beginning of the day. The has been trading below $10.300 since the end of Monday.

Ethereum, the second-largest digital asset with the current market capitalization of $21.4 billion has gained over 2.5% in recent 24 hours to trade at $199.47. ETH/USD grew strongly during early Asian hours, however, the further upside may be limited by a critical $200.00.

Ripple's XRP experienced a strong but short-lived growth.  The third-largest cryptocurrency asset with the market value of $11.4 billion came close ti=o critical $0.2700; however the price quiclkly retreated to $0.2660 amid technical correction.

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.

Chainlink risks further losses in early 2026 despite the ecosystem growth

Chainlink (LINK) is down 2% at press time on Tuesday, adding to a nearly 5% decline in December so far. The oracle token risks a negative close for the fourth straight month, potentially signaling a bearish start to 2026. 

Bitcoin retreats as $90,000 rejection, ETF outflows weigh on sentiment

Bitcoin continues to trade lower on Tuesday after failing to break the key $90,000 resistance level the previous day. US-listed spot ETFs record an outflow of $142.90 on Monday, while Strategy Inc. boosts its cash reserves to $2.19 billion.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.