Crypto Market Daily Highlights BTC, BNB, SOL, ADA, and XRP

The bitcoin market had a volatile session. The damage was minimized by an afternoon bitcoin bounce, with predictions of inflation peaking providing support.

The crypto market had a choppy Tuesday day, with news wires and network updates giving mixed outcomes.

Bitcoin (BTC) rebounded from a day low of $29,210 to conclude the day at $31,112, snapping a nine-week losing skid.

The NASDAQ 100 index increased 0.94 percent, providing support. The rebound from early losses was aided by expectations of a peak in US inflation.

Bitcoin hit a late intraday high of $31,551 before dropping down, with the NASDAQ 100 showing a strong link in the US session.

The direction of bitcoin movement in the early part of this week was similar to that of Monday and Tuesday last week.

The bulls in the crypto market, on the other hand, will be hoping for bitcoin to hold its ground on Wednesday and consolidate its recovery to $31,000.

There are still headwinds in the crypto market, which might restrict any near-term breakthrough.

The SEC's investigation into Binance, heightened legislative and regulatory scrutiny, and the Fed's monetary policy decision next week will all likely challenge investor interest.

The market capitalization of cryptocurrency has dropped below $1,800 billion. Prior to the Rebound

The whole crypto market worth fell to a day low of $1,179 billion on Tuesday before rebounding in the afternoon.

It was the fourth time in five sessions that the market fell below $1200 billion. Despite a late-afternoon rally, the entire market capitalization fell $14 billion.

Trend watchers will see a bottoming out, however a hold above the current-year low of $1,082 billion on May 12 will be crucial.

BTC lost 0.77 percent on Tuesday, with a late retreat putting bitcoin in the negative.

SOL fell 7.20 percent as network issues continued to put support to the test. SOL fell to a new all-time low of $35.72 on June 4 as a result of yet another network outage that lasted more than four hours.

For the third day in a row, BNB was in the red, losing 1.66 percent. The news that the Securities and Exchange Commission was looking into whether Binance Coin was offered as a security in 2017 continues to put support to the test.

DOGE (-2.57%) and ETH (-2.49%) joined bitcoin in the red among the top 10 cryptocurrencies.

ADA and XRP, on the other hand, defied the trend and rose 0.82 percent and 1.08 percent, respectively.

Total Liquidations in Cryptocurrencies Indicate Low Selling Pressure

Total liquidations increased dramatically during the course of 24 hours, indicating the Tuesday morning sell-off. Coinglass reports that 24-hour liquidations totaled $301.83 million, up from under $100 million over the weekend. While rising over the weekend, liquidations remained below last week's $500 million mark.

The reduction of selling pressure was implied by 1-hour liquidations.

Total liquidations in one hour were $5.21 million at the time of writing.