by Coinstrooper Crypto Articles
Quick Take
  • 90 of the top 100 coins have gone up over the past 24 hours.
  • At the same time, the total crypto trading volume is at $114 billion.
  • At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours.
  • Bitcoin (BTC) fell by 1.2% since this time yesterday, currently trading at $92,227.

What Happened

Crypto Winners & Losers

Ethereum (ETH) is down by 0.6%, now changing hands at $3,169. This is the smallest decrease among the ten.

XRP saw the highest fall, going down by 3.9% to $2.09.

Market Context

After nearly a full week of rising prices, the crypto market is down today, with the cryptocurrency market capitalisation falling by 1.1%, now standing at $3.23 trillion. 90 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $114 billion.

At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours. Two recorded double-digit increases.

Bitcoin (BTC) fell by 1.2% since this time yesterday, currently trading at $92,227.

Provenance Blockchain (HASH) increased the most in the category: 18.5% to the price of $0.02584.

The shift in the market follows a mix of labour data, central bank moves, and choppy equity markets in Asia, Europe and the US.

Meanwhile, major Korean Woori Bank has begun displaying BTC prices inside its main trading room in Seoul. This is the first time a commercial bank in the country has integrated a crypto price feed directly into its main dealing space.

“As digital assets continue to grow in prominence and influence in global financial markets, we determined that they should be monitored as a key indicator to better read overall market trends,” an official said.

According to Glassnode, Bitcoin stabilized above the critical valuation anchor, the True Market Mean (the cost basis of all non-dormant coins).

“This level often marks the dividing line between a mild bearish phase and a deep bear market,” the analysts explain.

However, the broader market structure is still increasingly mirroring the dynamics of Q1 2022, with over 25% of supply underwater.

“This creates a fragile balance between the risk of top-buyer capitulation and the potential for seller exhaustion to form a bottom. Nevertheless, the current structure remains highly sensitive to macro shocks until the market can reclaim the 0.85 quantile (~$106.2K) as support.”

Ahead of this release, “the market has entered a compressed-volatility, wait-and-see structure, with BTC’s key battleground concentrated between $91,000–$95,000. If the data confirm continued disinflation, the probability of a year-end rebound will rise; otherwise, the choppy structure is likely to persist, with capital flows shifting back toward defensive and short-duration positioning.”

Why It Matters

It’s followed by Solana (SOL)’s 3% to $139.

The only coin to see an increase is Tron (TRX), having gone up 2.4% and currently standing at $0.2868.

Details

Looking at the top 100 coins, we find that only 10 appreciated over the past day.

Zcash (ZEC) follows with a 10.2% increase to $396. The rest are up below 4%.

On the other hand, Hyperliquid (HYPE) and Pump.fun (PUMP) fell the most. The former is down 5.6% to $33, while the latter fell 5.4% to $0.003101.

‘Holding $96K–$106K Is Critical’

Importantly, holding $96,000–$106,000 is critical to avoid further downside, says the report.

Furthermore, Bitunix analysts noted that the US will release the September PCE inflation data today. The result will directly influence the December rate decision. The probability of a 25-basis-point rate cut currently stands at 87%, the analysts say.

Levels & Events to Watch Next