Crypto Market Regains Momentum: OG and ASTR Lead Gains as Bitcoin Holds $112K
The crypto market stabilized over the past 24 hours, with bitcoin (BTC) successfully defending support around $112,000. Despite holding this level, BTC remains below its 50-day simple moving average, indicating potential short-term weakness.
The wider market followed bitcoin’s cautious recovery. The CoinDesk 20 Index rose more than 1%, driven by a surge in decentralized AI platform Og AI’s (Zero Gravity) OG token, which climbed over 50%. Avalanche’s AVAX also posted a 10% gain. Other top performers included MNT, ASTR, CRO, NEAR, and XLM.
Market activity suggests investors are selectively rotating into high-momentum altcoins while bitcoin consolidates near key support, reflecting a mixed but cautiously bullish market sentiment.
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