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Bitcoin price remains resilient near $118,000, down just 0.48%, as it consolidates before a possible breakout.
Most altcoins, including Ethereum, Solana, Dogecoin, and XRP, saw sharp 24-hour drops amid market-wide corrections.
TRON stands out as the only major crypto in green, up nearly 3%, while stablecoins maintain their pegs.
Crypto prices today show cautious optimism as Bitcoin climbs back above $117,000 after a volatile week. The global crypto market cap is down by 0.77% to $3.87 trillion at press time. Traders are watching altcoins like Ethereum, Solana, and XRP as they oscillate between minor gains and losses. With shifting macroeconomic indicators, today’s price action suggests a tug-of-war between bullish momentum and profit booking across major tokens.
Let’s break down the top-performing tokens, key resistance levels, and what traders should watch for next.
After briefly flirting with the $120,000 mark, Bitcoin (BTC) is trading at $117,935.33, registering a mild 24-hour dip of 0.58%. While that may seem minor, it comes after a week of strong upside and signals possible consolidation before the next breakout attempt. Bitcoin’s market cap remains strong at $2.34 trillion, with over $66.4 billion in trading volume in the past 24 hours.
Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin, commented, "Bitcoin is showing signs of stabilization after recent volatility. The price reflects cautious optimism among investors, with strong support seen near $117,000 and resistance approaching $121,000. Technical indicators remain neutral, while on-chain metrics suggest long-term holders are accumulating.
The Co-founder and CEO of Unocoin further elaborated, “Despite macroeconomic uncertainty, institutional interest through ETFs continues to provide a bullish undertone. Market sentiment is watchful, awaiting US Fed guidance and global economic signals. A breakout above $121,000 could confirm renewed momentum, while a dip below $117,000 may trigger short-term selling. Bitcoin's resilience near all-time highs underlines its role as a maturing digital asset in global finance."
The broader altcoin market didn’t share Bitcoin’s stability today. Here's how top altcoins performed over the past 24 hours:
Ethereum (ETH) is trading at $3,804.65, up 0.36%, making it one of the few tokens in green.
XRP (XRP) dropped to $3.11, down 0.61%.
Solana (SOL) pulled back to $180.13, down 1.93%.
Dogecoin (DOGE) plunged 1.77% to $0.2230, giving up recent gains.
BNB (BNB) declined 3.28% to $800.59, though it remains one of the top performers YTD.
Cardano (ADA) also slipped, trading at $0.7818, down 1.28%.
Despite these declines, Ethereum’s slight gain alongside TRON’s strong move suggests selective buying remains in place.
TRON (TRX) is today’s breakout story, up 2.86% over 24 hours and trading at $0.3372. While most of the top 10 coins flashed red, TRON stood out with substantial trading volume and bullish sentiment, likely buoyed by ecosystem growth and steady DeFi activity. Its market cap has climbed to $31.9 billion, showing rising investor confidence despite broader weakness.
Stablecoins did what they’re meant to do: remain stable.
Tether (USDT) is trading at $0.9999, with a 24h volume of over $116 billion.
USD Coin (USDC) is also holding at $0.9999, showing no volatility.
In times of uncertainty, stablecoins continue to offer a safe harbor for traders looking to exit volatility.
A major headline today: The co-founders of Samourai Wallet, a crypto mixing service, will plead guilty in a US money laundering case. This marks another aggressive legal move against crypto privacy tools, following the ongoing Tornado Cash saga. They face a maximum of 25 years in prison, adding to broader concerns around privacy protocols and their future regulatory fate.
In a landmark move, the US SEC approved in-kind creation and redemption for crypto ETPs (exchange-traded products). This means crypto ETFs can now swap Bitcoin and Ether directly, instead of using cash, cutting costs and boosting efficiency for issuers. SEC Chair Paul Atkins called it a ‘new day’ for crypto regulation, hinting at a more mature institutional approach.
In the Middle East, Rakbank is breaking new ground. It has become the first traditional UAE bank to offer retail crypto trading through its mobile app. Powered by Bitpanda, users can now trade BTC, ETH, and other tokens directly from AED accounts without needing external wallets or exchanges. This may be a major step forward for regional adoption in one of the world’s fastest-growing crypto hubs.
Also Read: Crypto News Today: Bitcoin Treasuries Expand, Stocks Go Onchain, and eToro Launches Tokenized Trading
Market analysts believe the crypto market is in a healthy consolidation phase, especially for Bitcoin. The world’s largest token remains above key support zones. Altcoin losses, however, signal trader caution after recent surges.
Volatility is expected to stay elevated, particularly ahead of macroeconomic data releases and regulatory updates this week. For now, the market is choosing quality over hype, and investor sentiment is split between caution and quiet optimism.
1. What is the Bitcoin price today?
Bitcoin is trading at $117,935.33, down 0.58% in the past 24 hours. It remains in a consolidation phase after testing resistance around $120,000. If bullish momentum picks up, we could see a fresh breakout soon.
2. Why is the crypto market down today?
The crypto market is showing mixed signs due to profit-taking after recent highs, technical resistance for Bitcoin, and altcoin weakness. Regulatory developments and macro uncertainty are also keeping investors cautious.
3. Which crypto is performing the best today?
TRON (TRX) is today’s best-performing major crypto, up 2.86%. It’s the only top-10 coin flashing green as others, including Ethereum and Solana, correct.
4. Is it a good time to buy Bitcoin?
Bitcoin is trading near key support and showing resilience. For long-term investors, this could be a strong accumulation zone. Short-term traders may want to wait for confirmation of a breakout above $120,000.
5. How did stablecoins perform today?
Stablecoins like USDT and USDC maintained their pegs around $0.9999. They’re seeing strong demand as traders move to safe assets during heightened volatility.
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