Crypto Prices Today: Bitcoin Price Slips 3% to $87,234, Ethereum at $2,942, Altcoins Fall

Overview

• Bitcoin dropped below $88,000 as risk-off sentiment dominated crypto trading.

• Ethereum slipped under $3,000, altcoins followed suit, trading in the red zone. 

• TRON stood out as the only top ten cryptocurrency trading in the green.

Crypto prices today slipped sharply as risk-off sentiment gripped the digital asset market. Bitcoin was trading below $88,000 and Ethereum under $3,000. Most major altcoins traded lower amid institutional outflows and security concerns. Meanwhile, TRON stood out as the lone gainer among the world’s top ten coins today. Here’s what happened in the crypto market today based on CoinMarketCap data.  

Bitcoin Price Drops Below $88,000

Bitcoin price fell 3.18% to $87,234.08. The world’s largest cryptocurrency had a market capitalization of $1.74 trillion with a 24-hour trading volume of over $39.7 billion at press time. Bitcoin faced pressure as investors pulled back from riskier assets.

CoinSwitch Markets Desk, “BTC slipped after another failed attempt to hold above the $90,000 level, triggering a wave of long liquidations as overleveraged traders were forced to exit. The rejection near resistance, combined with thin liquidity, accelerated the downside move toward the $87,000 zone.”

CoinSwitch analysts further explained, “Immediate support lies around $87,000–$87,300. In the short term, BTC is likely to trade range-bound between $87,000 and $89,000. A break below support could invite a further dip, while a clean reclaim of $88,800–$89,500 may trigger a short squeeze. Traders should reduce leverage, respect key levels, and wait for confirmation.”

Ethereum Price Slips Under $3,000

Ethereum price mirrored Bitcoin's decline, dropping 3.17% to $2,942.34. ETH’s market cap stood at $355 billion, with daily trading volume reaching $22.3 billion. The second-largest cryptocurrency couldn't escape the broader market weakness, falling below the psychologically important $3,000 level.

Major Altcoins Performance

Solana was one of the biggest losers in top altcoins today, falling 3.59% to $123.65. XRP price declined 2.67% to $1.85, bringing its market cap to $112.6 billion. Cardano suffered the largest drop among the top ten cryptocurrencies, with its price falling 7.77% to $0.3519. BNB decreased 1.79% to $851.76, while Dogecoin dropped 3.22% to $0.1232.

TRON was the sole gainer among the top ten coins, rising 0.11% to $0.2851. While the gain was modest, the token’s ability to post positive returns while crypto prices today trended downward highlights its relative strength. Stablecoins showed minimal movement, with Tether trading at $0.9986 (down 0.03%) and USDC at $0.9995 (down 0.01%), maintaining their dollar pegs as expected.

Also Read: Crypto Prices Today: Bitcoin Price at $90,015, Ethereum Tops $3,033, Solana Jumps 3.5%

Crypto Market News Shaping Investor Sentiments 

Here are the top headlines impacting crypto prices today:

Institutional Outflows Signal Caution

US-listed crypto exchange-traded funds recorded net outflows, reflecting cautious institutional sentiment. Bitcoin spot ETFs saw $19.3 million leave the funds, with BlackRock's IBIT leading withdrawals at $7.9 million. Ethereum spot ETFs also faced pressure, posting net outflows of $9.6 million, largely driven by a $13.3 million outflow from ETHA. These institutional movements may be contributing to why the crypto market is down today.

Security Concerns Continue to Plague Web3

The Web3 sector suffered more than 1,200 serious security incidents in 2025, resulting in total losses exceeding $3.5 billion, according to GoPlus' annual security report. Private key theft, phishing, and rug-pull tokens emerged as the most common attack methods. Major breaches included a $1.5 billion hack at Bybit, a $223 million exploit at Cetus, and a $128 million attack on Balancer. The report reveals that hackers are now combining "precision hunting" with "wide-net" tactics, targeting both large-scale platforms and individual users.

GameFi Sector Struggles

Gaming-focused cryptocurrencies significantly underperformed this year, with funding falling more than 55% year over year, according to Delphi Digital. Several highly anticipated game launches failed to meet expectations, weighing on overall market sentiment. However, the emergence of "Web2.5 games" that use blockchain mainly as back-end infrastructure shows some promise, with a few native Web3 games generating six to seven-figure revenue despite small player bases.

Flow Blockchain Recovers from Security Incident

Dapper Labs CEO announced that 99.9% of accounts on the Flow blockchain have been fully restored following a recent security incident. Major applications, including NBA Top Shot, NFL All Day, Disney Pinnacle, and CryptoKitties, are now fully operational, with remaining accounts undergoing final verification.

Lighter Launches LIT Infrastructure Token

Lighter unveiled its infrastructure token, LIT, with 50% of supply allocated to the ecosystem and 50% to the team and investors. The project plans to distribute 25% of total supply via an immediate airdrop tied to points campaigns conducted in early 2025. LIT holders will gain access to yield-generating financial products and play a role in transaction execution through staking.

Also Read: Bitcoin Price Trades Near $89,000 as Market Eyes Break Above $95,000

Market Outlook

Crypto prices today reflect ongoing pressure across most sectors, with risk-off sentiment dominating trading activity. The combination of institutional outflows, security concerns, and weakness in speculative segments suggests caution remains warranted. However, with TRON showing resilience and some blockchain projects continuing to build infrastructure, opportunities may emerge for patient investors who can weather the current volatility.

FAQs

1. Why are cryptocurrency prices dropping today?

Crypto market price drops are generally attributed to investor risk aversion. Since large institutional outflows of Bitcoin and Ethereum into ETFs, concern for Web3 security, and the decline of speculative segments such as GameFi have discouraged traders from continuing to participate in the market

2. Why did Bitcoin fall below $88,000?

Bitcoin fell below $88,000 amid increased selling pressure worldwide. Selling pressure stemmed from larger ETF outflows, institutional profit-taking, and investor caution, despite Bitcoin retaining its dominance in terms of trading volume and market capitalization.

3. Why is Ethereum trading below $3,000?

Bitcoin’s decline drove Ethereum’s price decline. Ethereum has seen continued outflows from spot ETFs, resulting in decreased demand and buying interest, even as trading volume remains healthy.

4. How did TRON increase in value when the rest of the market is falling?

TRON’s performance in the daily cryptocurrency price slip was stronger than that of other cryptocurrencies in the marketplace, and there may be some reasons behind this. TRON could have been bolstered due to a stable base level of network activity, select investors, and positions against falling markets; however, overall, the market was significantly down on the day.

5. Is this a good time to invest in cryptocurrencies?

The ongoing downward pressure on the market suggests caution rather than aggressive purchases. Long-term investors may want to start looking for signs of stability (based on improved sentiment) or strong fundamentals while waiting for the market environment to stabilize. Given the current volatility of the cryptocurrency markets, patience and risk management are critical.