The cryptocurrency market experienced a turbulent day as Bitcoin and Ethereum struggled to maintain stability, while altcoins faced significant declines. The broader market dropped over 4%, reflecting cautious sentiment amid macroeconomic pressures and profit-taking.
Bitcoin price dipped as low as $106,900 on leading crypto exchanges while briefly touching $110K earlier today. This current state could be attributed to profit-taking and uncertain reaction on CPI data, which has fueled market caution.
Despite the dip, Bitcoin has held above $100,000 for five consecutive weeks, marking its longest streak at this level. Experts suggest that short-term bearish trends persist, with support at $107,200 and resistance at $110,600.
At the time of writing, Bitcoin is trading near $107,028–down 2.42% in the past 24 hours. It has recorded a daily trading volume of $52.7 billion—as per CoinMarketCap data.
Following the downtrend, Ethereum (ETH) also faced selling pressure, dropping to $2,710 after hitting a high of $2,872 earlier today. Though $240 million in ETF inflows signals sustained institutional interest in Ethereum, despite $107 million in liquidations shaking investor confidence. Analysts predict a potential recovery toward $2,800–$2,900 by weekend if bullish momentum returns.
Both the leaders have set a bearish sentiment for the altcoin market, with major coins like XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) showing signs of weakness. The altcoin market has declined up to 5% as most of the alts from top 100 crypto assets see red charts.
Trending Crypto Today%
- BTC (Bitcoin)
- NUB (nubcat)
- HMSTR (Hamster Kombat)
- TRX (Tron)
- NEXPACE (NXPC)
Top Gainers and Losers Today
| Gainers | Losers |
| SPX (SPX6900): +9% | CRV (Curve DAO): -9% |
| AB (AB): +2% | RAY (Raydium): -9% |
| FLR (Flare): +1% | ENS (Ethereum Name Service): -7% |
Crypto Market Cap Overview
As per CoinMarketCap data, the global crypto market cap today sits at $3.37 trillion in valuation, having a 24 hour trading volume of $131.15 billion. The CoinMarketCap 100 Index—which tracks performance of 100 largest crypto assets—has shrunk 2.51% today.
Also Read: Ripple Launches $700M Buyback at $175 Per Share; How It Affects XRP Price?
