

Bitcoin remains steady at $76,800 as the crypto market shows little movement, while ether drops slightly. A significant bitcoin purchase failed to boost prices, with many altcoins also experiencing losses.
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The crypto market flatlined on Tuesday with bitcoin BTC$76,844.20 remaining unchanged at $76,800 and ether (ETH) dropping about 0.1% since midnight UTC.
The subdued price action comes after the biggest cryptocurrencies slid on Monday, with a $2 billion Strategy (MSTR) bitcoin purchase failing to inspire a recovery.
Bitcoin's price is, crucially, hovering around Bitmine (BMNR) Chairman Tom Lee's line in the sand. Lee said a bull market would be confirmed if bitcoin closes the month above $76,000.
The majority of altcoins have tracked bitcoin's lackluster performance this week, with 18 of the 20 tokens making up the CoinDesk 20 Index (CD20) posting losses. SUI and NEAR were the only two in the black after edging higher since midnight.
Nasdaq 100 and S&P 500 index futures fell by 0.6% and 0.4%, respectively. The U.S. Dollar Index (DXY) added 0.3%.
Bitcoin is currently priced at $76,800, while Ether has dropped about 0.1% since midnight UTC.
Tom Lee stated that a bull market would be confirmed if Bitcoin closes the month above $76,000.
The majority of altcoins tracked Bitcoin's performance, with 18 of the 20 tokens in the CoinDesk 20 Index posting losses.
The $2 billion Bitcoin purchase did not inspire a recovery in the market, leading to a flat price action.


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