Most cryptos fall as Bitcoin holds above the $27,000 mark

The price of one bitcoin on Tuesday was $26,985 for most of the trading day, and it appeared that the crypto currency was gradually beginning to recover. Bitcoin is trading at $27,020.28 at the time of writing. The cost of the most expensive cryptocurrency in the world dropped from $27,180 by $195 over the course of the last day, representing a loss of 0.70 percent.

Similar to Bitcoin, Ether too saw losses. ETH on Tuesday had a loss of 1.37 percent. At $1,809, Ether has decreased by $16 (or nearly Rs. 1,315) in the past 24 hours.

BTC and ETH have been range bound. However, BTC’s value is holding relatively well and is currently above its 200-week average. In parallel, Lido upgraded to its second version on Ethereum last evening, resulting in a >7 percent price rally over the last 24 hours.

Bullish sentiments seem to be gradually restoring as the crypto fear and greed index stands at 54, up four points from yesterday. The crypto-cautious investors, however, continue to observe from the sidelines.