Bitcoin (BTC) continues to rise, rising 1.3% over the past 24 hours, after volatility in traditional markets eased and the crypto market stabilized following Monday's rally.
- The largest cryptocurrency by market capitalization traded around $27,700 during the US session.
- Matrixport analysts note that BTC broke out of the downtrend and turned the $27,000 level into support.
- It is expected that there will be low volatility in the crypto market in the coming months.
Ether (ETH) is down 0.7% and Solana token (SOL) is down 2.3% in the last 24 hours. At the same time, the Avalanche (AVAX) blockchain rose 7% and XRP rose 3% after Ripple received a license in Singapore and a favorable court ruling.