by Coinstrooper Crypto Articles
Quick Take
  • After starting the week with an increase, the crypto market is down today, with the cryptocurrency market capitalisation falling by 1.2%.
  • 86 of the top 100 coins have gone down over the past 24 hours.
  • At the same time, the total crypto trading volume is at $116 billion.
  • At the time of writing, all top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.

What Happened

Traders are focused on the US Federal Reserve and the speed at which it will cut rates following the expected announcement, set for this week. That said, many argue that the cut is priced in.

Meanwhile, the US Commodity Futures Trading Commission (CFTC) has launched a pilot that lets Bitcoin, Ether, and USDC serve as collateral in derivatives markets.

Barthere concludes that “looking ahead to early 2026, the official announcement of Kevin Hassett as the next Fed Chair should be bullish for crypto, and it’s notable that this decision, originally expected this year, has been delayed.”

Market Context

After starting the week with an increase, the crypto market is down today, with the cryptocurrency market capitalisation falling by 1.2%. It currently stands at $3.17 trillion. 86 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at $116 billion.

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

Bitcoin (BTC) is down by 1.1% since this time yesterday, currently trading at $90,480.

The highest fall among the ten is 2.1% by Tron (TRX), currently trading at $0.2811.

At the red top we find Hyperliquid (HYPE), which fell 6.1% to the price of $28.2.

Zcash (ZEC) saw a 12.8% increase to the price of $419.

Nansen expects a rate cut, which is already priced into markets, and guidance from the Federal Reserve Chair Jerome Powell emphasizing a data-dependent path forward.

“With a two-month lag in labor-market data, the Fed is likely to maintain a wait-and-see stance,” Barthere says. “In the Summary of Economic Projections, I’m expecting the terminal rate to hold near 3.0%, reflecting a Committee still divided between hawks and doves.”

At the time of writing on Tuesday morning, BTC stood at $90,480. There was a notable plunge earlier in the day from the intraday high of $92,203 to the low of $89,735. It then recorded another smaller peak at $91,353 before pulling back to the current price.

Why It Matters

“Following the FOMC+ meeting, I expect BTC to hover around this level without a decisive break,” the analyst says.

Details

Crypto Winners & Losers

Ethereum (ETH) is down by 0.3%, meaning that it’s practically unchanged, now changing hands at $3,122. This is the category’s smallest drop.

Solana (SOL)’s 1.9% is behind it, now standing at $133.

Looking at the top 100 coins, 86 have dropped over the past day.

It’s followed by Internet Computer (ICP)’s 4.7% to $3.37.

The two best performers yesterday are also the two best performers today.

Canton (CC) is up 9.8%, now changing hands at $0.07446.

$91,000 Resistance Level

Aurelie Barthere, Principal Research Analyst at Nansen, commented that “all eyes are on Bitcoin’s $91,000 resistance level.” This is where the 20-day EMA meets the downward trend from last October.

Levels & Events to Watch Next

BTC is still green in the 7-day time frame, having appreciated 4.1% and moving between $86,418 and $93,855.