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The crypto market cap fell 1.93% to $3.12 trillion, reflecting short-term profit booking after recent gains, with spot-led selling dominating activity.
Bitcoin slipped to $91,000 while Ethereum pulled back near $3,150, both testing key support zones amid rising volatility and cautious sentiment.
Despite the correction, funding rates remain positive and leverage is controlled, suggesting consolidation rather than a broader trend breakdown.
The cryptocurrency market's total capitalization stands at $3.12 trillion, a decline of 1.93% in the last 24 hours. The broader market saw slight pullback after recent gains, with traders taking profits while capital selectively rotates into fundamentally strong ecosystems.
The volumes remains same, meaning the decline is more due to spot selling and the positioning. The increase in volatility is a sign of uncertainty in the short term.
Bitcoin is trading at $91,003 right now, which is a 1.71% decrease in value in the last 24 hours. BTC slipped to $91,000, making the previous support area into resistance, as the sellers have not yet left the market.
Resistance is around $93,200, followed by $95,500. In the case of a downward movement, the support level is at around $90,800, and if the weakness continues, there is a stronger support area around $88,900.
According to derivatives data, the open interest has risen by 1.68% to $61.72 billion, while funding rates have cooled to 0.0096%, reflecting underlying bullish strength. At the same time, Bitcoin Spot ETFs experienced a significant outflow of $486.08 million yesterday.
Ethereum trades at $3,156, with a decline of 2.94% decline within the last 24 hours. ETH has been unable to maintain the $3,200 mark and is currently moving sideways close to a minor support level as the overall market mood turns negative.
The first level of resistance is at $3,220, then a stronger one at $3,420. Support is seen at $3,000, with a wider structural base at $2,880.
The open interest is at $40.83 billion, a decline of 1.03%, while the funding rate of 0.0066% indicates a neutral-to-cautious mood in the market. Additionally, Ethereum Spot ETFs saw an outflow of $98.45 million yesterday.
Also Read: Bitcoin Forecast 2026: Could Regulations Push Prices Higher?
SOL is trading at $137.66, down 0.68% over the last 24 hours. Immediate resistance is seen near $142-$148, while support lies around $132-$128.
Ecosystem growth and developer activity continue to provide longer-term support despite near-term weakness.
The price of AVAX is currently $14.10, with a decrease of 2.48% in the last 24 hours. The closest resistance is around $15.20-$15.80, and the support area is at $13.60-$13.20.
The adoption of subnets and the planned institution-focused blockchain deployments are still the major factors driving the market.
At present, ADA is priced at $0.4006 and saw a decline of 2.57% in the past 24 hours. Overhead pressure is visible around $0.42-$0.44, while the floor is set at $0.39-$0.37.
The positive vibe remains supported by network updates and stable staking participation.
Currently, HYPE trades at $26.64 with a decline of 3.07%. The resistance is at $28.20-$29.00, and the support level is around $25.40-$24.60.
Rising derivatives volume and increasing acceptance of Hyperliquid’s on-chain perpetuals exchange are still attracting traders' interest, even in the case of a market-wide downfall.
Also Read: Ethereum News Today: ETH Sees Zero Validator Exits While Staking Queue Surges to 1.3M ETH
PEPE is priced at $0.000006542, down 1.71% from the previous day. The immediate resistance can be spotted close to $0.0000069-$0.00000730, whereas the support is around $0.00000630-$0.00000600.
Speculative behavior is still determined by the overall market risk appetite.
SHIB has a trading price of $0.000008809, experiencing a decrease of 1.46% today. The nearest resistance is at the level of $0.00000910-$0.00000950, while the support level is around $0.00000860-$0.00000830.
Shibarium network activity and token burn initiatives repeatedly hype medium-term sentiment, although the price movement remains closely connected to the overall market direction.
The total crypto market cap decline of 1.93% signals a correction in the short term rather than an upheaval of the overall structure.
The price of Bitcoin above $90,800 and that of Ethereum below $3,000 will be important for the mood of the market to stabilize.
To continue the bullish trend, it would be necessary for BTC to take back $93,200 and ETH to rise above $3,220 with volume confirmation.
1. Why did the crypto market decline today?
The decline was driven by profit booking after recent rallies, coupled with spot selling and cautious positioning rather than forced liquidations.
2. What does the BTC funding rate of 0.0096% indicate?
A funding rate of 0.0096% signals mild bullish positioning, showing optimism without excessive leverage or overcrowded long trades.
3. Is Bitcoin breaking down below key levels?
Bitcoin slipping near $91,000 reflects short-term weakness, but holding above $90,800 keeps the broader structure intact.
4. Why is Ethereum underperforming today?
Ethereum failed to sustain above $3,200, faced ETF outflows, and saw reduced derivatives interest, leading to a sharper pullback.
5. What should traders watch next?
Key levels include BTC reclaiming $93,200 and ETH moving back above $3,220; failure to hold current supports may extend consolidation.
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