.png){kind=logo}
Bitcoin remains above $117,000 despite a 0.44% dip, maintaining dominance with a $2.33 trillion market cap.
Ethereum, XRP, Solana, and Dogecoin fell, but Cardano (+0.72%) and TRON (+0.90%) gained ground.
US, UK, and Australia developments on quantum tech and stablecoins are impacting crypto prices today.
Crypto prices today are showing mixed signals, with most major coins trading in the red. The global cryptocurrency market cap today is down by 0.2% to $4.19 trillion in the last 24 hours at press time. While Bitcoin holds strong above $117,000, other altcoins face downward pressure. Stablecoins continue to hold strong, offering much-needed liquidity. Investor sentiment is being driven by regulatory developments in the UK, US and Australia.
Let's break down what's happening with crypto prices today based on CoinMarketCap data.
Bitcoin (BTC) price today is trading at $117,016.96, down 0.44% over the past 24 hours. The world's largest cryptocurrency has a market cap of $2.33 trillion, with trading volume reaching $43.58 billion on the last day.
CoinDCX Research Team told Analytics Insight, “The impact of the Fed rate cuts has settled as Bitcoin begins to consolidate around the gains. The bears appear to have started to book profits as the BTC price dropped below the crucial support at $117,138 and plunged below $117,000.”
On the other hand, Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin, noted, “ BTC largely consolidated around $115,000, ranging between $115K and $117K, with a brief dip below support swiftly absorbed by buyers. Momentum has since shifted bullish, as BTC tests the $117,800 resistance level. A decisive breakout above this zone could open the path toward the $118,200-$118,500 range in the short term.”
The Co-founder and CEO of Unocoin further explained that RSI is trending upward, and volume profiles suggest growing interest near breakout levels of Bitcoin. However, failure to break $117,800 cleanly may lead to another pullback toward the $115,500 support before any sustained move higher.
Ethereum (ETH) price is trading at $4,557.56, showing a 1.11% decline. ETH holds the second spot with a market cap of $550 billion and daily volume of $32.3 billion. XRP price has dropped 1.57% to $3.04 with a market cap of $182 billion. Solana (SOL) is trading at $244.89, down 0.53%, while BNB shows resilience with only a 0.09% drop to $992.69.
Dogecoin (DOGE) price experienced a bigger pullback, falling 1.67% to $0.2772. However, some altcoins bucked the trend, with Cardano (ADA) gaining 0.72% to $0.9206 and TRON (TRX) up 0.90% to $0.3474.
CoinDCX Research Team noted, “Ethereum, XRP, BinanceCoin, Solana, and Cardano trade above their respective resistance. Among the top gainers are Aster, with a nearly 50% rise, followed by Immutable & Near Protocol by over 15% & 9%, respectively. Besides, MYX Finance, Memecore & Pump.fun, dropped by 16.15%, 13.21% and 11.96%, respectively. However, the market sentiments continue to remain neutral at the moment.”
Avinash Shekhar, Co-founder, and CEO, Pi42, elaborated, “Altcoins are taking the spotlight, Solana climbing near $250, and Chainlink outperforming peers on strong momentum. Dogecoin is particularly noteworthy, consolidating despite heavy selling pressure, with the market eyeing a potential breakout that could deliver over 100% upside if resistance clears.
The Co-founder and CEO of Pi42 further said, “Ethereum and newer tokens are benefiting from smart-money rotation, signaling broader risk appetite. Overall, sentiment remains constructive, with capital rotation into altcoins reinforcing the bullish undertone across the market.”
Also Read: Crypto Prices Today: Bitcoin Price at $117,627, XRP Hits $3.09, Dogecoin Surges Nearly 6.5%
Tether (USDT) is holding its peg at $1 with a slight 0.02% increase. USD Coin (USDC) is also stable at $0.9997 with no significant movement. These stablecoins continue to serve their purpose as safe havens during market uncertainty.
Many global cues are impacting crypto prices today. The United States and United Kingdom signed a new Technology Prosperity Deal. The agreement is to work together on artificial intelligence, quantum computing, nuclear energy, and telecommunications. Crypto investors are feeling optimistic since powerful quantum computers could potentially break current encryption methods that protect digital currencies.
Australia made positive moves for the crypto industry by giving special permissions to companies that distribute stablecoins, as reported by CoinDesk. The Australian Securities and Investments Commission now allows these companies to operate without certain licenses if they work with properly licensed stablecoin issuers. This change makes it easier for businesses to offer stablecoin services to customers.
According to a TradingView report, Coinbase CEO Brian Armstrong shared exciting news about crypto regulation in the US. He met with lawmakers this week and believes the Digital Asset Market Clarity Act has strong support from both political parties. This bill would clearly define which government agencies oversee different types of digital assets. Armstrong called it ‘a freight train leaving the station,’ showing his confidence that the bill would become law.
CoinDCX Research Team told Analytics Insight, “Grayscale’s Digital Large Cap Fund covering BTC, ETH, XRP, SOL & ADA is set to begin trading tomorrow. In the meantime, the first US spot ETFs for Dogecoin and XRP are now live and trading. PayPal’s PYUSD expands to Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron through LayerZero’s Stargate Hydra. SBF’s account shows unusual activity with mass follows as the FTT price jumps over 22%, while CZ thanks the community as the BNB price smashes new highs above $1000 from the ICO price of $0.10. The Ethereum Fusaka upgrade is set to go live on December 03, 2025, which aims to expand data capacity up to 10x.”
Crypto prices today are in a consolidation phase as investors digest recent regulatory developments and technological partnerships. Short-term price movements show some weakness. However, the positive regulatory progress in both Australia and the United States could provide long-term support for the adoption and growth of digital assets in the coming months.
Also Read: Bitcoin News Today: Bitcoin Holds Near $117K After Fed Rate Cut, Analysts Eye Breakout Toward $120K
1. Why is Bitcoin holding strong above $117,000 despite market weakness?
Bitcoin’s resilience comes from its dominance, large trading volumes, and perception as a store of value. Even when altcoins decline, institutional support and investor confidence help Bitcoin stay above key psychological levels like $117,000.
2. What’s causing Ethereum, XRP, and Solana prices to drop today?
These altcoins are reacting to broader market uncertainty and profit-taking. Ethereum faces selling pressure, XRP is affected by regulatory concerns, and Solana struggles with ecosystem competition, leading to short-term declines.
3. Why are stablecoins like Tether (USDT) and USD Coin (USDC) important during volatility?
Stablecoins remain pegged to fiat currencies like the US dollar, offering a safe haven during market swings. Traders often move into USDT or USDC to preserve capital and reduce exposure to crypto volatility.
4. How does quantum computing news impact the crypto market?
Quantum computing raises concerns about encryption security, which underpins blockchain technology. While breakthroughs are years away, investors are cautious, as future quantum systems could challenge current cryptographic standards.
5. What is the Digital Asset Market Clarity Act, and why is it significant?
The proposed US legislation aims to clearly define which agencies regulate different digital assets. This clarity could reduce legal uncertainty, attract institutional investors, and accelerate mainstream crypto adoption in the long run.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
