Bitcoin Holds Above $120,000 Amid Slight Crypto Market Pullback

The broader crypto market remains in a consolidation phase, with flagship assets holding steady despite reduced total market capitalization from early October highs.

BTC
ETH
WAL

Summary

Bitcoin is trading around $107,000 while Ethereum holds near $3,900, each moving less than 0.3% in the past 24 hours. The global crypto market cap stands at $3.723 trillion, down 0.2% daily and 14% from $4.32 trillion on October 9. Several altcoins showed mild rebounds, including WAL up 12.3%, MITO up 12.1%, PUMP up 8.2%, AXL up 6.2%, and COMP up 4.94%.

Terms & Concepts
  • Market Cap: The total value of all coins in circulation, calculated by multiplying the current price by the total supply.
  • Trading Volume: The total value of all cryptocurrency transactions over a specific period, indicating market activity and liquidity.
  • Bitcoin: The first and largest cryptocurrency by market capitalization, created by Satoshi Nakamoto in 2009.