Bitcoin remains resilient above $92,000 even as most major cryptocurrencies turn negative.
Layer-2 networks lead the gains, while sectors relating to DeFi, meme coins, and GameFi face strong selling pressure.
ETF flows point to the growing sentiment differential between Bitcoin and Ethereum, a factor driving near-term volatility.
Crypto prices today reflect a market in flux where Bitcoin manages to hold above the $92,000 mark, while most major tokens trade in the red. The world's largest cryptocurrency sits at $92,810, up 1.80% in the past 24 hours at press time. The modest gains of Bitcoin come as the broader crypto market is showing divided sentiment. Layer-2 tokens have posted the biggest gain, while DeFi and meme coins struggled to find a footing. Here’s the latest crypto news and developments based on CoinMarketCap data.
Bitcoin price recovered by 1.80% to $92,810, showing resilience amid broader market uncertainty. With close to 20 million BTC circulating, the leading cryptocurrency also maintains a strong lead over its rivals in the market. It has a $1.85 trillion market cap with over $81 billion in daily trading volume.
According to CoinSwitch Markets Desk, “Bitcoin held steady around the $92,000 mark yesterday. While short-term movements continue to be sentiment-driven, the longer-term direction remains anchored in broader macro positioning and global liquidity trends. Current price levels suggest muted trading activity, yet the recent stabilisation and gradual recovery indicate that buyers are stepping in at key support zones. This points to accumulation behaviour among long-term investors. At the moment, Bitcoin’s crucial support sits near $90,800, while the immediate resistance is around $93,300.”
Ethereum price traded flat at $3,047. The second-biggest crypto by market capitalization has a $367 billion valuation but hasn't shown much steam. The trading price is dangerously close to the psychological level at $3,000, reflecting ongoing concerns about the competitive position of the network.
XRP price is at $2.14, down 0.89% on the day with a market capitalization of $129 billion, making it the fourth-largest cryptocurrency. While the slight slide may be discouraging, XRP is one of the strongest performers in the top 10 in recent weeks.
BNB is trading at $911.96, down 1.44%, but it is the fifth-largest crypto by market cap of $125 billion. The performance of the exchange token often reflects broader sentiment around centralized exchange activity.
The Solana price was one of the day's biggest winners among major cryptocurrencies, surging 3.98% to $144.22. Approaching an $80-billion market capitalization, SOL's strong performance shows continued confidence in the high-speed blockchain despite increasing competition from other layer-1 networks.
TRON (TRX) remains steady at $0.2878, down only 0.33%, while Dogecoin (DOGE) changes hands at $0.1584, relatively flat with a 0.10% loss. Cardano (ADA) rounds out the top 10 with a price of $0.4688, up 0.84% and relatively strong compared to many peers.
Stabelcoins held strong. Tether's dollar peg is at $0.9992 and USD Coin's at $0.9997, respectively, both recording a small dip of roughly 0.25%. Combined, the market value of both stablecoins exceeds $258 billion. They continue to be the major liquidity backbone for crypto trading.
Also Read: Crypto Prices Today: Bitcoin Reclaims $92,000 as Altcoins Rise, Solana Up 6%, XRP Up 3%
Here are the top global headlines impacting crypto prices today:
Net inflows for spot Bitcoin ETFs reached $75.4 million, led by BlackRock's IBIT with $60.6 million. However, Fidelity's FBTC saw $21.4 million leave, and Valkyrie's HODL experienced $17.6 million in outflows.
Ethereum ETFs told a different story altogether, recording $38.9 million in net outflows. BlackRock's ETHA lost $26.14 million, while Grayscale's ETHE shed $15.69 million. Only Invesco's QETH saw meaningful inflows of $2.93 million. The divergence in investor sentiment between Bitcoin and Ethereum captures a growing concern about the latter's competitive position amidst newer layer-1 and layer-2 networks.
User wallets on World Liberty Financial (WLFI) were recently compromised through phishing attacks. The company has underlined that the breach was a problem with third-party security, rather than WLFI's own platform or smart contracts. WLFI's response was to freeze affected wallets and initiate the re-verification of KYC for the users who have been impacted. For safe migration to secured wallets once verification is completed by users, the team is developing new functionality in the smart contracts.
Some analysts blame both macro factors and technical breakdowns for Bitcoin's poor performance. It is about 28% off the all-time high of about $122,500 in October and had fallen as low as $104,600 in a flash crash on Oct. 10, on news of US-China trade tensions.
Bitcoin has broken below its 50-week moving average and has just entered the weekly Ichimoku Cloud for the first time since early 2023. These technical signals indicate weakening long-term momentum, with key support levels now at $93,050, $85,435, and $80,560.
Long-term holders and institutions that had accumulated positions earlier this year are now selling, placing a sustained selling pressure as leveraged longs unwind. The increasing overlap of Bitcoin investors and tech stock holders has also created synchronized outflows as concerns about inflated AI valuations heighten.
Crypto prices today were under pressure due to uncertainty over further Federal Reserve action and delayed economic reports because of a potential government shutdown. Usually, Bitcoin performs positively on expectations of increased liquidity; hence, the current information vacuum is challenging for the cryptocurrency.
Bitwise Chief Investment Officer Matt Hougan told investors to look past the recent 27.5% pullback, characterizing this as ‘short-term noise’ that doesn't reflect Bitcoin's true value over a longer period. According to Hougan, the core value proposition for Bitcoin does not change regardless of price fluctuations.
Also Read: Crypto News Today: Kraken Secures $800M, Citadel Boosts $20B Valuation
Crypto prices today reflect ongoing uncertainty as Bitcoin struggles to reclaim momentum above $92,000. With technical indicators pointing to potential further weakness and Federal Reserve policy remaining unclear, traders should closely watch the $93,050 support level. However, strong institutional flows into Bitcoin ETFs and continued development in layer-2 ecosystems suggest that underlying strength could support a recovery once macro headwinds dissipate.
1. Why does Bitcoin go up while most altcoins go down?
The reason is that Bitcoin often decouples from the rest of the market because it attracts more institutional capital, especially during uncertain macro conditions. Most investors end up rotating funds from volatile altcoins into Bitcoin for stability, thus causing BTC to rise while altcoins decline. ETF inflows also provide consistent demand that the smaller tokens often lack.
2. Is Ethereum falling behind compared to other key cryptocurrencies?
Yes, Ethereum has exhibited weaker price action of late, with growing competition from faster and cheaper layer-1 and layer-2 competitors. While it is still the second-largest crypto, investors question its long-term scaling roadmap. Continued ETF outflows also point to eroding sentiment, if its stagnant short-term price action is any indication.
3. Why are layer-2 tokens performing well today?
Layer-2s have gained strong traction because they offer cheaper and faster transactions while benefiting from Ethereum's security. Growing developer activity, rising ecosystem adoption, and upcoming upgrades have fueled investor optimism, pushing L2 tokens higher despite broader market weakness.
4. What happened to the crypto market today?
Market volatility is entwined with a combination of macro uncertainty, the fluctuation in ETF flows, movements by miners, and technical breakdowns. Bitcoin had recently lost major support levels and entered the Ichimoku Cloud, while concerns over Federal Reserve policy and a potential United States government shutdown weighed on risk assets across markets.
5. Is now a good time to invest in Bitcoin or altcoins?
Investment timing depends on individual risk tolerance, but current conditions send mixed signals. Bitcoin stays strong because of institutional inflows, while altcoins face sector-wide weakness. Traders will need to watch support levels around $93K for Bitcoin and should think about dollar-cost averaging versus making large, single-entry decisions in this volatile environment.
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