
Crypto Market Stabilizes: OG and ASTR Surge as Bitcoin Holds $112K Support
The crypto market regained stability over the past 24 hours, with bitcoin (BTC) defending key support at $112,000. Despite this resilience, BTC remains below its 50-day simple moving average, signaling potential near-term weakness.
The broader market mirrored bitcoin’s cautious recovery. The CoinDesk 20 Index rose over 1%, led by decentralized AI operating system Og AI’s (Zero Gravity) OG token, which surged more than 50%. Avalanche’s AVAX climbed 10%, while other notable gainers included MNT, ASTR, CRO, NEAR, and XLM.
Investors appear to be rotating into high-momentum altcoins while bitcoin consolidates, highlighting a bifurcated market with selective bullish sentiment.