The crypto market is giving mixed signals today, with Bitcoin (BTC) dipping to $107K—down nearly 3% in the past 24 hours—while Ethereum is holding onto $2,650 and consolidating near this level despite a bearish wave. Various analysts are suggesting that this dip could offer a buying opportunity, with key support levels around $106,800.
The overall market sentiment remains cautiously optimistic, with continually rising institutional interest and bullish community sentiment. The firm dip in Bitcoin price suggests buyers are active at the current zone and investors are targeting higher prices despite the leading cryptocurrency making a new all time-high last week.
Ethereum Holds onto $2,650
Ethereum (ETH), on the other hand, has demonstrated resilience, with maintaining its price at $2,650 despite earlier volatility that saw it briefly drop to $2,616 during early trading hours. At the time of writing, Ethereum is trading near $2,652—down 1.69% in the past 24 hours.
Ethereum Price Today — Source: CoinMarketCap
Altcoins Fail to Sustain Gains
While Ethereum sustains its gain, most altcoins are facing selling pressure, contributing to a broader market downtrend. Major alts like XRP, Solana (SOL), Cardano (ADA) saw declines of 3.69%, 4.29% and 2.96% respectively. Despite the red-trend, selected altcoins like BNB and TRX have shown neutral performance today.
Toncoin (TON) is outshining today with surging 13% and becoming the top gainer, fueled by Telegram’s xAI integration and the sale of $1.5 million word of bonds. Another major move is SPX6900 (SPX) meme coin, which has gained 12% in the past 24 hours.
On the losing side, Monero (XMR) is atop as it declines 12.3%, followed by HYPE’s 9% and FARTCOIN as well as RENDER’s 8% drop.
Trending Crypto Today
- TON (Toncoin)
- NXPC (NEXPACE)
- MASK (Mask Network)
- UNI (Uniswap)
- MERL (Merlin Chain)
Crypto Market Cap Overview
The total crypto market cap has declined 2.1% today, with it now sitting at $3.4 trillion. It has a 24 hour trading volume of $117.02 billion, down 8.16% compared to yesterday. As the market navigates this early-bearish trend, traders have remained vigilant for signs of a breakout or further consolidation.
Also read: Toncoin Jumps 15% After Telegram’s $1.5B Bond Sale & VP Hire
