Bitcoin remained above $104,000 despite minimal intraday movement and a 0.75% dip.
Ethereum dropped 1.77%, facing resistance at $2,510 amid intraday volatility.
A low-cap token surged 53.79%, becoming one of the day’s most actively traded cryptocurrencies.
Cryptocurrency markets displayed mixed performance on June 18, with Bitcoin and Ethereum facing downward pressure while a low-cap altcoin surged over 50%. Solana also recorded losses amid increased volatility. Traders responded to shifting momentum across large-cap and emerging tokens, making these assets some of the most actively watched in the market.
Bitcoin Holds Above $104K Despite Lackluster Activity
Bitcoin (BTC) was among the most active cryptocurrencies by market capitalization on June 18, trading at $104,001.38 as of 8:04 PM UTC. The asset recorded a slight decline of 0.75%, down $784.79 from its previous close of $104,591.59. Despite this dip, BTC maintained stability above the $104,000 mark.
Source: YahooFinance
The price table indicated slight dynamism during the day with the line almost straight. According to this, the market volatility might have been very low or price feed anomaly occurred. Also there was lack of data on trading volumes, and this may be because of delay in reporting or some technical problems. Any fluctuations of the supply indicators of Bitcoin were not revealed, the date of the token launch was indicated as July 13, 2010.
Ethereum Trading with Rising Volatility and Bearish Sentiment
Another major asset that had become the most traded was Ethereum (ETH) which closed at the end of the day at 2,485.64 which represented a 1.77 percent dropped in the previous close of the asset, the price of Ethereum (ETH) was 2,510.18. The price experienced numerous changes throughout the day, especially at 7:00 AM to 5:00 PM UTC, when the asset tried to restore its bullish mood but encountered some opposition at the mark of approximately 2,510.
Source: YahooFinance
On the day, ETH has recorded a number of movements that resulted in intraday reversals. Morning and early afternoon gains were not sustained and they moved back into the lower half of the session. Despite constant-looking trading levels, there were not enough forces to push prices to increase and, combined with an overall negative momentum that prevailed throughout the day, there was not much of concern then.
FTX Token Bottomed Out According to the Solana Experienced Selling Pressure
Another main mover on the current market was Solana (SOL), which declined during Tuesday by 3.02% and reached the value of 144.46 dollars.The token opened near its previous day’s close of $147.71 but experienced steady losses over the course of the day. The price decline intensified following a sharp drop after 7:00 AM, with no successful recovery back to early highs.
Source: YahooFinance
The direction of the SOL price showed the existence of a continuous bearish trend, with multiple unsuccessful recovery periods and an increase in selling in the middle of the day. The volume was relatively low but shot up on a few of the sell-offs, possibly showing some of the short term traders have taken profits or piled off based on perceived weakness. The commodity closed the day close to its lowest point of the scale as market hesitation remained over the 145 mark.
