by Coinstrooper Crypto Articles
Quick Take
  • 96 of the top 100 coins have gone down over the past 24 hours.
  • At the same time, the total crypto trading volume is at $135 billion.
  • At the time of writing, 8 of the top 10 coins per market capitalization have seen their prices fall over the past 24 hours.
  • Bitcoin (BTC) fell by 5.3% since this time yesterday, currently trading at $86,153.

What Happened

Investors are looking for further macroeconomic signals, such as US data releases and the Federal Reserve speeches, which would indicate it the drops is a short-term correction or a section of a longer trend.

John Glover, Chief Investment Officer of Ledn, commented that we’re currently in the Wave IV correction. It typically completes “at either the 23.6% fibbo or the 38.2% fibbo. If this is true in the current situation, we have already finished Wave IV and we should now resume the uptrend,” he says.

Market Context

The crypto market is down today, with the cryptocurrency market capitalisation dropping by 5.2%, getting close to falling below $3 trillion, now standing at $3.01 trillion. 96 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at $135 billion.

At the time of writing, 8 of the top 10 coins per market capitalization have seen their prices fall over the past 24 hours.

Bitcoin (BTC) fell by 5.3% since this time yesterday, currently trading at $86,153.

The highest drop is Dogecoin (DOGE)’s 8.2% to the price of $0.1368.

It’s followed by Solana (SOL), having dropped 7.2%, now trading at $126.

Zcash (ZEC) fell 21.8% to the price of $359.

It’s followed by Ethena (ENA), which decreased by 17.7%, now trading at $0.2386.

Per Glover, “we will see a lot of “directionless volatility” over the coming months, with the low being set somewhere between $71k and $80k. Once that base has fully formed, the rally will continue into the end of 2026/beginning of 2027 with a target of $145k to $160k depending on where the bottom of Wave IV finalizes.”

Moreover, Dom Harz, co-founder of BOB, despite BTC’s and the wider market’s recent volatility, optimism remains high.

“2025 won’t be remembered for price fluctuations, but by the steady march of regulatory progress, institutional engagement, and technological developments, driving the convergence of TradFi and DeFi,” he says.

Harz concluded that “ultimately, price is not the only indicator for how the industry is progressing. During the last downturn, we saw major innovations in projects and DeFi protocols that played a pivotal role in the next upturn.”

At the time of writing on Monday morning, BTC stood at $86,153. Earlier today, the price recorded a sharp decrease from the intraday high of $91,904 to the low of $85,694.

Why It Matters

BTC Rally May Continue Soon

Details

Crypto Winners & Losers

Ethereum (ETH) is down by 6%, now changing hands at $2,823. This is the lowest change in the category.

At the same time, the smallest decrease in this category is 1.2% by Tron (TRX), currently changing hands at $0.2766.

In the top 100 coins, 96 recorded decreases. Among these, a dozen saw double-digit falls.

On the green side, MemeCore (M) and Rain (RAIN). The former appreciated 10.2% to $1.4, while the latter increased by 2.9% to $0.00712.

Meanwhile, Coinglass data showed about $608 million in crypto liquidations in the past 24 hours.

Longs accounted for more than $535 million, while shorts saw about $73 million. BTC and ETH led the list, with roughly $185 million and $154 million cleared out, respectively.

However, there’s the Rule of Alternation that states that if Wave II is a very simple A-B-C correction – which it was in this case – Wave IV tends to be more complex. “What we’ve seen thus far in this correction has been rapid and quite simple in its formation.”

Levels & Events to Watch Next