Bitcoin is moving sideways in the $113,000 range.
At 8 a.m. on the 25th, on CoinMarketCap, a global virtual asset market site, Bitcoin was trading at $113,405, up 1.09% from 24 hours earlier. Ethereum, the No. 2 by market capitalization, was down 0.55% from the previous day at $4,157. Ripple was up 3.76% from the previous day, trading at $2.94.
With a stock market boom and a sharp rise in gold prices, funds that had been flowing into the cryptocurrency market are dispersing, and major cryptocurrencies are showing mixed prices.
Matrixport, a virtual asset service provider, said in a recent report that "Bitcoin is still in a correction phase, but the long-term upward trend remains intact."
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