Crypto Market Stabilizes: OG and ASTR Surge as Bitcoin Holds $112K Support
The crypto market steadied over the past 24 hours, with bitcoin (BTC) defending the $112,000 support level. Despite holding this key floor, BTC remains below its 50-day simple moving average, hinting at potential near-term weakness.
Altcoins led the broader market recovery. The CoinDesk 20 Index climbed over 1%, led by a 50% surge in OG, the token of decentralized AI platform Og AI (Zero Gravity). Avalanche’s AVAX rose 10%, while other notable gainers included MNT, ASTR, CRO, NEAR, and XLM.
Investor focus appears to be shifting toward high-momentum altcoins as bitcoin consolidates, highlighting a market characterized by selective bullishness amid overall stability.
