#ethrium

Cryptocurrency markets are holding tight despite anxious and volatile conditions.

Bitcoin is trading in a volatile range but still consolidating above the 100,000 Key mark, and Ethereum, which attempted a breakout last week, saw this attempt rejected and is now back to its initial range.

New highs are tough to attain for risk-assets as the Market tone gets more pessimistic, however, one of the first uses for cryptocurrencies is a hedge against fiat currencies that get thrown around amid geopolitical turmoil – Something to keep in check if anything major materializes.

The total market cap for cryptocurrencies is holding above $3 Trillion – Keep this in check to spot any major outflows. The Total market cap came shy of $3.5T as Bitcoin hit its last record highs of $112,000, but still hasn't broken the $3.70T record hit in December 2024.