The total crypto market cap has slipped to $2.59 trillion, down 2.49%, as profit-taking resumes after a brief rebound.
Bitcoin has fallen below $77,000 with declining open interest, while Ethereum has slipped under $2,300, indicating reduced speculative exposure.
While major altcoins like Solana and Sui remain weak, selective strength in memecoins such as PEPE highlights rotation-driven, short-term opportunities rather than broad-based recovery.
The total cryptocurrency market capitalization is now at $2.59 trillion. The market scenario reflects a 2.49% decline in the last 24 hours. The wider crypto market is still under pressure as profit-taking resumes after yesterday’s modest rebound. Macro uncertainty also weighs on risk assets even if there are short-term recoveries.
Bitcoin is currently trading at $76,383, down 3.03% in the past 24 hours. BTC faces renewed selling pressure as short-term traders de-risk positions. It failed to sustain above the $78,000 range.
Immediate resistance is seen near $77,800, followed by a stronger supply zone at $80,000. On the downside, key support lies at $75,200, with a deeper demand area near $72,500.
Derivatives data from Coinglass show Bitcoin open interest at $50.91 billion, down 2.62%. It indicates reduced leverage and position square-off. Funding rate is at 0.0031% and the scenario reflects short-term stability with a slight bullish undertone.
Spot Bitcoin ETFs recorded $272.02 million in net outflows, pointing to institutional caution.
Ethereum trades at $2,270, down 3.09% in the last 24 hours. ETH has struggled to hold above the $2,350 level. At the same time, sellers defend rallies aggressively amid overall weak sentiment.
Immediate resistance stands near $2,380 with a broader supply zone around $2,600. Key support lies at $2,200 and a stronger base near $2,050 if volatility increases.
Ethereum derivatives open interest stands at $26.77 billion, down 5.70%. It suggests speculative positions are being reduced. Funding rate is at neutral 0.0001% level, highlighting long and short positioning are balanced.
Spot Ethereum ETFs saw around $14.06 million in net inflows and it indicates mild institutional interest.
Also Read: Ethereum in 2026: Trouble Ahead or Legendary Rebound Incoming?
SOL is trading at $98, down 6.29% in the last 24 hours. Immediate resistance is seen near $103-$108. The support lies around $95-$90.
Network activity and validator economics remain key medium-term drivers.
AVAX is at $10.09, down 0.7% on the day. Immediate resistance is seen near $10.80-$11.50 and key support lies around $9.70-$9.20.
Subnet adoption and institutional use cases continue to influence sentiment.
SUI is at $1.12, down 1.6% in the last 24 hours. Immediate resistance is seen near $1.20-$1.28 as support lies around $1.05-$0.98.
Ecosystem growth and developer traction remain critical.
NEAR trades at $1.19, down 0.53% on the day. Immediate resistance is seen near $1.28-$1.35 and key support lies around $1.12-$1.05.
AI-focused narratives and protocol upgrades continue to support longer-term interest.
PEPE trades at $0.000004260, up 0.28% in the last 24 hours. Immediate resistance is seen near $0.000004450-$0.000004700 while key support lies around $0.000004050-$0.000003800.
Liquidity rotations and social sentiment remain key drivers.
WIF is trading at $0.2514, down 1.22% on the day. Immediate resistance is seen near $0.27-$0.29 while key support lies around $0.24-$0.22.
Solana ecosystem flows and speculative positioning continue to dictate price action.
Also Read: How Reflation Could Impact Bitcoin and the Global Economy
The 2.49% decline in total crypto market capitalization reflects ongoing selling pressure following recent volatility.
Bitcoin holding above $75,000 is critical to prevent deeper downside extension, Ethereum must also defend the $2,300 level to avoid renewed weakness across altcoins.
Until clearer macro or liquidity catalysts emerge, markets are likely to remain range-bound with selective opportunities rather than broad-based rallies.
1. Why is the crypto market falling today?
The market is under pressure due to profit booking after a short-lived rebound, declining leverage in derivatives, and ongoing macro uncertainty that is keeping risk sentiment cautious.
2. What does Bitcoin’s funding rate of 0.0031% indicate?
It reflects short-term stability with a mild bullish bias, suggesting that leverage is balanced and not overheated despite the recent price decline.
3. Why is Ethereum underperforming near $2,300?
Ethereum is seeing reduced speculative interest, as shown by a 5.7% drop in open interest, while neutral funding rates indicate indecision among traders.
4. Are altcoins likely to recover soon?
Altcoins may remain range-bound in the near term, with recoveries dependent on Bitcoin holding key support levels and the return of broader risk appetite.
5. Is this a good time to buy crypto?
Markets currently favor selective, short-term opportunities rather than aggressive buying, with analysts generally preferring a wait-and-watch or buy-on-dips approach until clearer catalysts emerge.
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