by Coinstrooper Crypto Articles
Quick Take
  • 65 of the top 100 coins have gone down over the past 24 hours.
  • At the same time, the total crypto trading volume is at 188 billion.
  • At the time of writing, only two of the 10 coins per market capitalization have seen their prices rise over the past 24 hours.
  • Bitcoin (BTC) has appreciated by 0.4% since this time yesterday, meaning it’s mostly unchanged, currently trading at $91,757.

What Happened

Crypto Winners & Losers

Ethereum (ETH) is down by 2.2%, now changing hands at $3,008. This is the second-highest drop in the category.

The highest decrease is 2.3% by Binance Coin (BNB), which currently stands at $900.

Market Context

The crypto market is down today, with the cryptocurrency market capitalisation largely unchanged by the time of writing, decreasing by 0.2%, now standing at $3.22 trillion. 65 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at 188 billion.

At the time of writing, only two of the 10 coins per market capitalization have seen their prices rise over the past 24 hours.

Bitcoin (BTC) has appreciated by 0.4% since this time yesterday, meaning it’s mostly unchanged, currently trading at $91,757.

Cosmos Hub (ATOM) appreciated by 13.5% to the price of $3.1.

It’s followed by Zcash (ZEC), which is up 8.7%, trading at $670.

According to Glassnode, the market is “searching for stability, where the path forward depends on whether demand can re-emerge around key cost-basis levels or whether current fragility gives way to a deeper corrective phase or bear market.”

Zondacrypto’s CEO Przemysław Kral commented on Bitcoin’s price moves, saying that the coin has fallen to its lowest level in months. Moreover, “there is potential for it to decrease further.”

“The market is reacting to wider economic uncertainty, in particular concerns about a potential AI-driven stock correction and diminishing hopes for interest-rate cuts from the Federal Reserve,” Kral writes.

However, large BTC holders are still buying. “This is a sign of underlying strength and confidence in the project, even though the price is falling. For some, this could be a chance to enter the market at a lower price than we’ve seen recently. Therefore, it is important to recognise the risks. Volatility is high and the macro environment can change quickly.”

Kral concludes that “in times like these, remaining informed and taking a thoughtful, steady approach is far more effective than trying to react to every big market shift.”

Moreover, Björn Schmidtke, Chief Executive Officer of Aurelion, Nasdaq’s first Tether Gold treasury, stated that the recent volatility across digital asset markets has renewed focus on foundational assets.

“While market sentiment frequently fluctuates, this shift presents a strategic opportunity to capitalize on proven value and structural resilience,” says Schmidtke, adding that the future will see gold and digital assets converging, not competing.

At the time of writing on Thursday morning, BTC stood at $91,757. The coin moved between the intraday high of $92,943 and the low of $88,540. This dip into the $88,000 territory was brief though, with the price swiftly recovering to the current level.

Why It Matters

‘Bitcoin Could Fall Further’

If BTC manages to break through to the $99,000 level, it could retest $115,000. However, should it move lower, it could test critical zones between $83,800 and $75,000.

Details

The only other green coins is Solana (SOL), which appreciated 1.9% to $142.

When it comes to the top 100 coins, 65 are red at the time of writing. Among these, one saw a double-digit gain.

On the other hand, Canton (CC) fell the most in this category: 13.8% to $0.094.

Cronos (CRO) is in the second place, having dropped 3.8% to $0.1081.

Levels & Events to Watch Next

BTC is now down 11.5% in a week and 14.8% in a month. Additionally, it’s 27.1% away from its all-time high.