The cryptocurrency market showed mixed trading on Tuesday, with Bitcoin, Ethereum, XRP, and Cardano seeing gains, while BNB, Litecoin, Polkadot, and Solana experienced losses. Bitcoin surpassed $31,000, driven by optimism about a Bitcoin ETF. The total crypto market volume increased by 25.34%, with the DeFi sector contributing 7.78% of the overall volume. Bitcoin’s dominance stood at 49.56%, and its stability suggests a weakening bearish grip. Breaking resistance at $32,400 is crucial for Bitcoin to continue its rally. The global cryptocurrency market cap rose to $1.22 trillion.
