Here’s what happened in the crypto market today, based on CoinMarketCap’s data.
Bitcoin price is down 1% to change hands at $94,931, while the broader market remains without support due to declining rate cut expectations and institutional outflows. Taking the lead among the top cryptocurrencies is Bitcoin, with a market capitalization of $1.89 trillion despite the recent pullback. Over the last 24 hours, the flagship cryptocurrency has changed hands as much as $75.9 billion in trading volume, signaling continued investor appetite during the downturn.
Ethereum price fell 0.72% to $3,177, with its market cap standing at $383.5 billion. The second-largest cryptocurrency recorded $33.2 billion in daily trading volume, though open interest data shows leveraged positions have been cut in half as traders exit risky bets.
XRP was relatively strong, down only 0.07% to $2.24, maintaining the fourth-largest cryptocurrency at a $135.3 billion market capitalization. The token saw a volume of $4.28 billion in 24 hours.
Solana had a price drop of 1% at $140.21, retaining the sixth position with a $77.7 billion valuation. SOL also saw robust trading activity with $5.05 billion in daily volume, the highest among the top ten cryptocurrencies relative to its market cap.
Other major tokens also slid lower. BNB lost 1.03% to $932.74, while Dogecoin sank 1.14% to $0.1611. Cardano suffered the largest loss among the top ten, tanking 2.30% to $0.4918. Stablecoins Tether and USD Coin held their pegs close to $1.
According to CoinSwitch Markets Desk, “BTC, after a period of consolidation, dropped below $100K but has since seen a partial recovery and stabilized in the $94,000-$95,000 range. The pullback was driven by long-term holders taking profits, slower ETF inflows, and temporary macro uncertainty. With the US shutdown delaying key economic data and uncertainty around rate cuts, investors remain cautious.
The research team further added, “BTC is holding firm above the $93,000 support zone while facing near-term resistance at $95,000 and a stronger ceiling at $96,000-$96,500. Until a clear macro catalyst or fresh institutional flows emerge, Bitcoin may continue moving sideways. Traders should manage risk and wait for confirmed signals before taking new positions.”
Also Read: Could XRP Be Facing a Death Cross Soon?