Leading cryptocurrencies shed early gains on Tuesday, while stocks recovered well following Monday’s DeepSeek scare.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | –0.12% | $101,743.75 |
| Ethereum (CRYPTO: ETH) | -1.77% | $3,110.48 |
| Dogecoin (CRYPTO: DOGE) | -2.73% | $0.3236 |
What Happened: Bitcoin fell to $100,260 by the evening after a surge to $103,465 in the morning hours. The leading cryptocurrency eventually rose above $101,000 as traders bought the dip.
Ethereum also gave up early advances, falling to a low of $3,044 after a move above $3,200 in the morning.
More than $300 million was liquidated from the cryptocurrency market over the last 24 hours, with $229 million in upside bets getting deleted.
Bitcoin's Open Interest slid by nearly 4% in the last 24 hours. A drop in spot price, coinciding with a drop in OI, suggested liquidation of longs.
Interestingly, 60% of Binance’s top traders were still long Bitcoin, indicating a potential rebound in the coming days.
The market sentiment remained in the "Greed" zone, according to the Crypto Fear & Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Movement (MOVE) | +7.11% | $0.78 |
| KuCoin Token (KCS) | +6.40% | $13.70 |
| Uniswap (UNI) | +3.60% | $11.32 |
The global cryptocurrency market capitalization stood at $3.44 trillion, contracting 1.49% in the last 24 hours.
Stocks rebounded on Tuesday, recouping losses from Monday’s DeepSeek-fueled decline. The Nasdaq Composite lifted 2.03% to end at 19,733.59. The S&P 500 rose 0.92%, closing at 6,067.70. The Dow Jones Industrial Average added 136.77 points, or 0.31%, to close at 44,850.35.
AI behemoth Nvidia Corp. (NASDAQ:NVDA) rallied 8.93%, a day after recording its worst single-day loss in history.
Investors will turn their attention to the Federal Reserve meeting on Wednesday, with a consensus that the central bank will keep its current target rate of 425–450 bps unchanged, according to the CME FedWatch tool.
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Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez spotted a sell signal on Bitcoin's hourly chart, using the TD Sequential indicator.
"Bitcoin could retest recent lows around $99,000. A rebound may follow, supported by a dovish outlook from the Fed tomorrow," Martinez predicted.
The TD Sequential indicator is a technical analysis tool that identifies potential trend exhaustion points and price reversals.
Blockchain analytics firm CryptoQuant noted a significant rise in market share of Bitcoin holdings by U.S. entities, including exchanges, banks, and funds, suggesting that the bull market was far from over.
Photo by SvetlanaParnikova on Shutterstock
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