Market Update (01:07 PM UTC, 06:07 PM PST, 13/03/25)
The crypto market remains mixed today, with the Fear & Greed Index stable at 21, keeping sentiment in the fear zone. Bitcoin dominance has dropped to 61.71% (-0.66%), suggesting investors are shifting towards altcoins.
Total Market Cap: $2.66 trillion (-0.49%)
Altcoin Market Cap: $1.02 trillion (+0.58%) – indicating stronger performance in altcoins compared to Bitcoin.
Bitcoin (BTC) – $82,637.13 (-1.44%)
BTC failed to break the $83,500 resistance and is now under pressure. The $82,500 – $82,000 support zone is crucial—if it breaks, the next levels to watch are $81,500 – $81,000. To regain momentum, BTC must reclaim $83,000.
Ethereum (ETH) – $1,901.76 (-0.95%)
ETH is testing its $1,900 support. If it falls further, $1,880 is key. On the upside, ETH needs to break through the $1,920 – $1,940 resistance to recover.
Solana (SOL) – $126.70 (-1.43%)
SOL is nearing the $125 support level—a break below could lead to $122. Resistance remains at $130.
Binance Coin (BNB) – $595.10 (+6.00%)
BNB is showing strong gains, approaching the $600 resistance. If broken, the next targets are $610 – $620, with strong support at $580.
XRP – $2.31 (+3.42%)
XRP is gaining momentum, with $2.35 as key resistance—a breakout could push it to $2.40. Strong support lies at $2.25.
Dogecoin (DOGE) – $0.17 (-0.89%)
DOGE is holding above the $0.16 – $0.15 support zone. A break above $0.18 is needed for bullish momentum.
Market Outlook
The market is in consolidation mode, with Bitcoin showing weakness while altcoins gain strength. The decline in BTC dominance suggests capital is flowing into altcoins.
If Bitcoin fails to reclaim $83,000, market sentiment may weaken further. However, BNB and XRP are showing bullish momentum, hinting at possible altcoin-led strength. The next few days will be crucial in determining whether the market shifts into a bullish phase or remains uncertain.
$BTC $XRP $SOL #FollowTheLeadTrader #TrendFollowing #UpdateAlert