A Closer Look at the Price Action: BTC, ETH, and Altcoins

A detailed examination of the 24-hour trading data reveals a nuanced and fast-moving market. While the initial news reports pointed to a broad market crash, the latest figures show a partial recovery and significant volatility. Bitcoin $BTC for instance, is currently trading around $108,183 against USDT, up 0.62% over the past 24 hours. Its trading range has been defined between a low of $107,511 and a high of $108,341, indicating that buyers stepped in after the initial dip. Ethereum $ETH tells a similar story, trading near $2,506 and up 0.95% against USDT. Its 24-hour range spans from $2,483 to $2,528. This suggests that during the recent volatility, capital has favored Bitcoin over Ethereum, a classic 'flight to safety' move within the crypto ecosystem. Other major altcoins like Solana $SOL and XRP also paint a picture of volatility rather than a sustained crash. SOL is trading around $146, navigating a 24-hour range between $146.00 and $148.52, while XRP remains stable around $2.21.