Bitcoin (BTC) is currently consolidating in a tight range between $60,000 and $61,000, reflecting a period of market uncertainty. As of today, BTC is trading at $61,001.44, showing a slight decline of 0.27%. Ethereum (ETH) has also witnessed a downturn, standing at $2,371.37, down 1.32% for the day.
Other major cryptocurrencies like Polkadot (DOT) and Solana (SOL) are trading at $3.68 and $22.56, respectively, indicating a broader market pullback. Ripple (XRP) is at $0.48, experiencing a 10.85% decline over the week. Despite these negative trends, some altcoins have shown resilience.
FTX Token (FTT) is up 18.28%, trading at $2.41, driven by positive news around potential restructuring. With the current market conditions, investors should closely monitor key support and resistance levels to gauge future price movements and maintain effective risk management strategies.