by Coinstrooper Crypto Articles
Quick Take
  • After a single day of increases, it fell 1.7% over the past 24 hours to the current $3.06 trillion.
  • Also, 90 of the top 100 coins fell in this period.
  • The total crypto trading volume stands at $124 billion.
  • On Thursday morning (UTC), 9 of the top 10 coins per market capitalisation have seen their prices decrease.

What Happened

Crypto Winners & Losers

Ethereum (ETH) is down 2.5%, changing hands at $2,942.

The highest drop in this category is Dogecoin (DOGE)’s 4.5% to $0.1214.

Market Context

The crypto market is down today. After a single day of increases, it fell 1.7% over the past 24 hours to the current $3.06 trillion. Also, 90 of the top 100 coins fell in this period. The total crypto trading volume stands at $124 billion.

On Thursday morning (UTC), 9 of the top 10 coins per market capitalisation have seen their prices decrease.

Bitcoin (BTC) fell by 1.7%, the same amount it had gone up yesterday, currently trading at $87,820. This is the smallest green percentage in the category.

It’s followed by Solana (SOL)’s 3.4% fall to the price of $122.

Binance Coin (BNB) saw the smallest drop, 1%, now trading at $896.

At the same time, the only increase among the top 10 is 0.8% by Tron (TRX), now trading at $0.2945.

Furthermore, of the top 100 coins per market cap, 90 have posted price decreases today.

River (RIVER) is next, having dropped 7.3% to the price of $50.56.

The day’s decrease follows a hawkish-leaning US Federal Reserve, lack of fresh capital, and geopolitical stress.

Gracy Chen, CEO at Bitget, commented on the US Federal Reserve’s decision to hold interest rates steady at 3.50%–3.75% during its first policy meeting of 2026. This was as expected and consistent with market pricing, Chen says.

A rate-hold preserves existing liquidity and supports risk assets without tightening financial conditions further – so it could be constructive for the crypto market in the near term. Maintaining stability while monitoring incoming data supports Bitcoin’s and Ethereum’s resilience and “broader crypto adoption under a macro regime that has yet to signal aggressive tightening.”

Why It Matters

Moreover, rate cuts are unlikely until later in the year, provided there’s no clear weakness in economic data.

Currently, BTC and ETH have traded “relatively flat, holding key psychological levels as traders reassess risk appetite and positioning rather than immediately reacting to a policy shift.”

Per Chen, “Bitcoin is likely to keep consolidating in the $88,000–$91,000 range, with attempts to break out toward the $95,000 psychological level.”

But both of these coins could benefit from the steady US policy, she argues. This environment could “help sustain risk appetite” and reinforce BTC’s and ETH’s “roles as hedges against medium-term monetary pressures and dollar debasement narratives – particularly if future data points suggest easing later in 2026.

Jimmy Xue, co-founder and COO of Axis, commented that a signal that Quantitative Tightening (QT) will persist at current levels, despite political pressure, could act as a ceiling for risk assets.

The ‘debasement trade’ would remain the primary driver. And “any perceived loss of Fed independence amid ongoing DOJ scrutiny may ironically provide the floor that crypto needs, even if interest rates remain higher for longer,” Xue says.

Details

Pump-fun (PUMP) fell the most, with the only double-digit drop of 10% to $0.003001.

On the green side, Worldcoin (WLD) appreciated the most in this category. It’s up 5.4% to $0.4898.

PAX Gold (PAXG) is next, rising 4.7% to $5,540.

Reinforcing Consolidation