by Coinstrooper Crypto Articles
Quick Take
  • The global cryptocurrency market cap has dipped 2.2% over the past 24 hours, now standing at $3.83 trillion, according to the latest data.
  • Trading volume is up to $237.1 billion, but major digital assets remain under downward pressure as investor sentiment weakens.
  • Crypto market slides deeper, with 9 of the top 10 coins down;
  • Fear & Greed Index drops to 32, lowest since April;

What Happened

The global cryptocurrency market cap has dipped 2.2% over the past 24 hours, now standing at $3.83 trillion, according to the latest data. Trading volume is up to $237.1 billion, but major digital assets remain under downward pressure as investor sentiment weakens.

SEC, FINRA launch probe into suspicious stock movements tied to crypto treasury plans;

According to Glassnode, 3.4 million BTC in realized gains and slowing ETF inflows suggest investor exhaustion following the recent Fed rate cut. BTC recently dropped to a four-week low of $108,700, falling below key support levels.

Market Context

Crypto market slides deeper, with 9 of the top 10 coins down;

At the time of writing, nine of the top 10 cryptocurrencies by market cap are in the red.

Ethereum (ETH) has dropped 3.3% in the past 24 hours, trading at $3,895 and logging a 13.9% weekly loss.

The index fell 16 points overnight, reflecting growing fear in the market despite prices still holding well above previous lows, highlighting a widening gap between sentiment and price action.

Bitcoin is showing signs of a deeper correction, with long-term holders realizing profits at levels typically seen near market cycle tops.

Why It Matters

Bitcoin Faces Potential Correction as Onchain Metrics Signal Exhaustion

Details

TLDR:

BTC at $109,027 and ETH at $3,894;

Fear & Greed Index drops to 32, lowest since April;

BTC faces deeper correction as long-term holders realize $3.4M in profits;

ETH struggles near $3,900, with bulls needing $4,400 breakout to regain control;

US BTC spot ETFs see $258.46M in outflows;

US ETH spot ETFs post $251.20M in outflows;

Crypto Winners & Losers

Bitcoin (BTC) has fallen 2.1% on the day to $109,252, down 6.6% over the past week.

Solana (SOL) leads the day’s losses among major assets, falling 4.6% to $193.51, extending its 7-day decline to 20.7%.

XRP (XRP) is down 3.3% to $2.74, while BNB (BNB) has slid 4.8% to $941.32.

Dogecoin (DOGE) lost another 3.5% to trade at $0.2247, marking an 18.4% weekly decline.

Among trending tokens, Plasma, Aster, and Avantis are attracting attention—but not for the right reasons. Aster has slipped 5.4% to $1.86, while Avantis has taken a sharper dive, plunging 22.6% to $1.54, making it one of the biggest daily losers.

On the flip side, a few lesser-known tokens have emerged as the day’s standout performers. SQD leads with a massive 94.8% gain, followed closely by Concordium, which is up 66.6%. Wrapped XPL is also on the rise, posting a 65.2% increase.

Meanwhile, Bitcoin sentiment has sharply declined, with the Crypto Fear & Greed Index dropping to 28, the lowest since April, as BTC dipped below $109,000 and triggered fresh liquidations.