The crypto market is down today, showing a notable dip as total market capitalization fell by 2.3% to $3.76 trillion. Trading volume over the past 24 hours stands at $156.6 billion, reflecting moderate market activity amid continued price corrections across major assets.
TLDR:
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The total crypto market cap dropped 2.3% to $3.76 trillion;
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8 of the top 10 coins are down;
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Fear & Greed Index sits at 33 (Fear), up slightly from 30;
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BTC is consolidating between $107K–$110K;
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ETH faces pressure around $3,850, losing that level could bring $3,700–$3,500;
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US BTC spot ETFs saw $40.47M in outflows;
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US ETH spot ETFs posted heavier $145.68M outflows;
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A SpaceX-linked wallet moved $268M in BTC after a 3-month pause;
Crypto Winners & Losers
At the time of writing, 8 of the top 10 cryptocurrencies by market capitalization are in the red.
Bitcoin (BTC) dropped 2.0% over the past 24 hours, currently trading at $108,562, while Ethereum (ETH) is down 3.5%, sitting at $3,885.73.
Binance Coin (BNB) saw the steepest decline, losing 3.6% to trade at $1,075.93, marking a 10.2% drop over the past week.
Meanwhile, XRP (XRP) slipped 1.8% to $2.42, and Solana (SOL) fell 2.8% to $186.31. Cardano (ADA) is also down 3.4% to $0.6475, extending its weeklong downtrend.
Among the top gainers, SynFutures (SYF) surged 50.9%, followed by Hajimi with a 41.2% rise and BinanceLife up 30%.
In contrast, the trending coins include Zora, FLOKI, and Zcash, with Zcash seeing a modest 7.4% daily gain.
Overall, the market sentiment remains cautious as traders await signs of stabilization after this week’s correction, with Bitcoin holding above the $108,000 support level while altcoins continue to face selling pressure.
However, crypto investor and entrepreneur Ted Pillows sees $100,000 coming into play next if BTC price fails to establish a floor.
Bitcoin Slips Toward $107K as Traders Eye CME Gap and $100K Retest
Bitcoin fell to weekly lows near $107,460 on Tuesday, erasing its early rebound as traders turned their focus to the latest unfilled CME futures gap.
The drop, amounting to a 2.5% decline on the day, came amid thin trading volumes and cautious sentiment following last week’s volatility.
Analysts noted that Bitcoin opened the week with a small CME gap below current levels and partially filled it, but a full closure would require a move toward $107,390.
