Bitcoin maintained its position near $76,800 on Tuesday as traders focused on its potential monthly close above $76,000, a level previously highlighted by Bitmine Chairman Tom Lee as indicative of a bull market. Ethereum saw a slight dip of 0.1%, while major altcoins continued to weaken following a sell-off earlier in the week.
The WLFI token experienced a 3.3% decline after AI Financial, its treasury company, issued a warning about its financial viability through the year-end. The token has seen a significant drop of approximately 77% since its September launch. Meanwhile, CoinMarketCap's "Altcoin Season" index fell to 33/100, down from over 50/100 last week.
In the derivatives market, total futures notional volume increased from $159 billion to $201 billion, with open interest stable at around $126 billion. Liquidations decreased significantly, suggesting an orderly market adjustment. Ethereum's 30-day implied volatility reached its lowest point this year, while Bitcoin's volatility index remained low, indicating controlled selling pressure.
Bitcoin Steadies Near $76,800 Amid Market Focus on Key Support Level
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