Bitcoin
Bitcoin trades near $83,200 and shows relative strength against major altcoins
Bitcoin rose 1.8 percent to trade above $83,000, holding up better than major altcoins over 24-hour and seven-day timeframes.
Bitcoin stood at approximately $83,212.80 (€74,361.20) at midday on Tuesday, up 1.8 percent from Monday's close of $81,737.20 on Kraken. It was the only asset among the top eight cryptocurrencies by market capitalization to trade higher over the 24-hour window, as Ethereum fell 1.3 percent, XRP dropped 2.2 percent, and Polkadot slid 7.2 percent.
During the session, Bitcoin traded across a $3,101.90 range, moving between an overnight low of $80,951.20 and a high of $84,053.10. Kraken recorded 24-hour volume of 2,409 BTC across 166,327 trades, with a volume-weighted average price of $82,667.32. The cryptocurrency remains 34 percent below its all-time high of $126,080.
Over a seven-day period measured from October 6, Bitcoin declined 2.8 percent after finding support following market-wide weakness on October 7 and 8. By comparison, Ethereum lost 7.4 percent, XRP shed 9.0 percent, and Solana declined 11.9 percent over the same weekly timeframe.
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