Today, the cryptocurrency market is showing mixed signals. Bitcoin (BTC) started the day with a slight dip, currently trading around $34,500, down by 1.2% over the past 24 hours. Despite the short-term decline, BTC remains above the psychological level of $34,000, suggesting that bullish sentiment still holds. Ethereum (ETH) is experiencing a similar trend, trading near $1,750, also down by around 1.5%. The market seems to be digesting recent gains after a notable rally over the past weeks, with both assets consolidating within their new support levels.
On the altcoin front, Solana (SOL) continues to outperform, gaining 2.3% in the last 24 hours, now trading around $38.25. Solana’s recent developments and partnerships are keeping investor interest high, pushing the price to levels not seen since early 2022. Other altcoins like Cardano (ADA) and Polkadot (DOT) are relatively stable, showing minor losses of around 0.5%.
In the traditional markets, the major indices opened with a positive tone. The S&P 500 is up by 0.4%, continuing its recovery from last week’s selling pressure. The tech-heavy Nasdaq is performing slightly better, gaining 0.6%, driven by strong earnings reports from major tech companies. Meanwhile, the Dow Jones Industrial Average is relatively flat, up by only 0.2%. Investors seem cautiously optimistic ahead of key economic data releases later this week, including U.S. GDP figures and Federal Reserve interest rate decisions.