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.

Tanya Abrosimova Independent Analyst

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

Independent Analyst

Markets move fast. We move first.

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

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.