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Bitcoin price drops to $104K, with a 24-hour loss of over 3%.
Ethereum falls sharply by over 9%, trading around $2,506.
Solana, Dogecoin, and Cardano post deep red candles, all down over 8%.
Only Tether and USD Coin hold slight gains as stablecoin demand steadies.
Crypto markets are deep in the red today. Top coins saw significant losses across the board. Bitcoin dropped below $105K, while Ethereum lost over 9%. Solana, Cardano, and Dogecoin also faced steep declines.
Only stablecoins, such as Tether and USD Coin, showed minor gains. The sell-off reflects investor caution and market correction. Uncertainty about regulations and global economic signals adds pressure. Analysts also note profit-taking after recent price surges.
Here’s how top cryptocurrencies are performing today:
Bitcoin price is at $104,330.99, down 3.13% in the last 24 hours. The market cap stands at $2.07 trillion. Daily trading volume has reached $66.91 billion. Bitcoin’s supply remains steady at 19.87 million coins.
Traders are reacting to macroeconomic concerns and profit-booking. Still, long-term sentiment remains positive for Bitcoin. Analysts highlight a strong support zone near $102K.
According to Santiment, “There are 2.12 positive Bitcoin comments for every negative one.” This reflects the highest bullish sentiment since Trump’s 2024 election win. Sentiment could support recovery in the coming days.
Ethereum is now trading at $2,506.35, a sharp fall of 9.19%. Its market cap is $302.57 billion. Trading volume stands at $36.80 billion in the last 24 hours.
Despite strong fundamentals, Ethereum is under heavy selling pressure. Retail investors are cautious, while institutional buyers stay quiet. It is losing steam after nearing $2,800 earlier this week.
Layer-2 adoption remains strong, but short-term sentiment is weak. Developers continue building, but the price is correcting fast. Analysts expect recovery once markets stabilize.
XRP is trading at $2.12, a fall of 5.49% in the last 24 hours. Its market cap is $124.89 billion, with a trading volume of $3.92 billion. It is facing market-wide pressure despite regulatory clarity. Its utility remains strong, but sentiment is weak.
BNB is now at $648.93, falling 2.43% over the past 24 hours. The coin’s market cap is $91.42 billion, with $1.93 billion in daily volume. BNB's losses are smaller compared to other altcoins. Traders still trust Binance Smart Chain's growing ecosystem.
Solana has dropped sharply, now priced at $144.25. That’s a 9.76% fall in 24 hours. The market cap is $75.84 billion, and volume is $5.49 billion. Its dip comes despite its growing DeFi and NFT activity. Analysts believe the fall is due to profit-taking. SOL had recently touched highs above $165.
Dogecoin is trading at $0.1734, down 8.85% in 24 hours. It has a $25.95 billion market cap and a $1.84 billion daily volume. Dogecoin is under pressure like other altcoins. Meme coin momentum has slowed down. Traders are taking profits after last week’s rally.
Also Read: Altcoin Rally Ahead? ETH & SOL ETFs Face Key July Test
TRON is trading at $0.2722, down only 0.71% today. Its market cap is $25.82 billion, with $916 million in trading volume. TRX is showing more resilience than many other coins. TRON’s strong DeFi platforms continue to attract users.
Cardano has fallen 8.38%, now priced at $0.6320. Its market cap is $22.34 billion, with $1.01 billion in volume. ADA has not been immune to market-wide selling. Upgrades to the Cardano network have not stopped the price fall.
Tether is holding its dollar peg at $1.00, up 0.05% today. It has a market cap of $155.27 billion and a daily volume of $110.44 billion. Traders are rotating into stablecoins as market volatility increases. Tether remains a haven for many investors.
USDC is slightly up at $0.9997, gaining 0.01% in 24 hours. Its market cap stands at $61.03 billion, with a volume of $15.42 billion. As with Tether, traders shift into USDC for safety. Global regulators are closely watching stablecoins.
During Coinbase’s State of Crypto summit, Donald Trump said, “We support dollar-backed stablecoins and want Congress to pass the GENIUS Act.” The act would regulate stablecoins across the United States. The crypto community awaits its Senate vote.
FSB Chair Klaas Knot recently warned, “Stablecoin issuers holding US Treasurys could increase systemic risk.” The financial system must prepare for crypto’s wider impact, said Knot in a speech in Madrid.
The crypto market is reacting to global risks and new policy signals. Trump’s comments about stablecoins have stirred optimism. At the same time, the FSB has issued fresh warnings. The GENIUS Act could reshape the stablecoin market soon.
FSB Chair Klaas Knot said, “We may be approaching a tipping point.”His statement warns of deeper links between crypto and traditional finance. While the market drops, Bitcoin sentiment is recovering. This could signal recovery in the coming days, so investors should keep an eye out for key price levels.
Also Read: Crypto Market Update: Tether’s Gold Bet, USDC Launch on XRPL, and Hong Kong’s Anti-Money Laundering Plan
