Bitcoin remains at $26,000, Ethereum remains at $1,650, and Shiba Inu falls 5%

Bitcoin was trading flat after falling slightly but remaining above $26,000, while Ethereum fell nearly 1% but remained above $1,650.

On Tuesday, Bitcoin and other crypto tokens were trading range-bound, with a negative bias. Over the previous few weeks, the digital asset market has been hampered by a prolonged winter, regulatory initiatives, and litigation. However, macroeconomic indicators will also have an impact on the token markets.

Bitcoin was trading flat, still under selling pressure, as the major crypto coins fell marginally but managed to stay over $26,000. However, its largest peer, Ethereum, fell approximately 1% but remained above the $1,650 mark. The price action in altcoins was bearish.

Following the recent dip in Bitcoin’s price, it is only managing to stay above the $26,000 barrier, and the market appears to have found psychological support just above the $1 trillion market capitalization. Furthermore, with a score of 37/100, the crypto and terror index remains in the fear zone.

Friend.tech, a very fascinating product on Coinbase’s layer 2 BASE, has now generated nearly to $1 million in 24 hours, making it the third most valued Dapp within weeks of launch. The programme allows Twitter or X.com users to build an exclusive community where they may buy ‘keys’ to famous celebrities in order to have private chat access with them.

Except for Litecoin and the USD Coin, all of the big crypto tokens were trading down on Tuesday. Shiba Inu was down approximately 5%, while Polygon was down about 4%. Cardano and BNB fell 3% apiece, while XRP and Dogecoin fell 2% each.

The worldwide cryptocurrency market cap was trading much lower, falling to $1.05 trillion after dropping about 1% in the prior 24 hours. However, total trade volumes increased by up to 31% to $28.94 billion.