by Coinstrooper Crypto Articles
Quick Take
  • The crypto market is down today, with the cryptocurrency market capitalization decreasing by 1.4%, rising to $3.88 trillion.
  • Of the top 100 coins, 93 have dropped over the past 24 hours.
  • At the same time, the total crypto trading volume is at $194 billion.
  • At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.

What Happened

Crypto Winners & Losers

Ethereum (ETH) is down by 4.4%, now changing hands at $3,993.

The highest drop in the category is 6.8% by Solana (SOL), which currently trades at $192.

Market Context

The crypto market is down today, with the cryptocurrency market capitalization decreasing by 1.4%, rising to $3.88 trillion. Of the top 100 coins, 93 have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $194 billion.

At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.

Bitcoin (BTC) decreased by 2.2% since this time yesterday, currently trading at $110,774.

The only green coin is Tron (TRX), which appreciated 0.4% to the price of $0.3216.

Two more coins recorded double-digit drops: Aster (ASTER) with 12.8% and Story (IP) with 10%, now trading at $1.32 and $6, respectively.

‘The Market Risks Deeper Contraction’

Notably, the drop below the $117,000–$114,000 cost-basis zone put top buyers in the loss territory. It also exposed renewed market fragility.

Moreover, the weaker ETF inflows signal “fading institutional demand,” the report notes, while spot markets saw a sharp though orderly sell-off.

“This latest contraction is particularly concerning, as it marks the third instance since late August where Bitcoin’s spot price has dipped below the 0.95-quantile price model ($117.1k)—a level where over 5% of supply, primarily held by top buyers, sits at a loss,” say the analysts.

“Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of [the $108.4k–$117.1k] range.”

Historically, when price fails to hold this zone, the report argues, “it has often preceded prolonged mid- to long-term corrections, making a sustained drop below $108k a critical warning signal of structural weakness.”

They concluded that “despite rapid stabilization, the market remains in a reset phase, where renewed ETF inflows and sustained on-chain accumulation will be key to restoring confidence and confirming a durable recovery.”

At the time of writing on Thursday morning, BTC trades at $110,774. Early in the day, the coin decreased to the intraday low of $110,392 from the intraday high of $112,697. It’s been trading sideways since that point.

Why It Matters

It’s followed by XRP’s 5.5% to $2.39.

Looking at the top 100 coins, we find 93 of them in red. Among these, Bittensor (TAO) is the reddest, having dropped 14.2% to $388.

Details

On the other side, ChainOpera AI (COAI) is at the top, recording another substantial day of gains, with a rise of 53.1% to $24.

It’s followed by the only other two coins with increases over 0.5%: Provenance Blockchain (HASH) and Figure Heloc (FIGR_HELOC), which are up by 5.4% and 3.2% to $0.03561 and $1.02, respectively.

Meanwhile, a long-dormant Bitcoin wallet awoke on Thursday to transfer a whopping 2,000 BTC, worth about $222 million, into 51 new addresses. This has prompted discussion about whether early holders will be potentially selling or just shuffling their funds.

“Bitcoin’s rally to $126.1k reversed amid macro stress and a $19B futures deleveraging, one of the largest in history,” the Glassnode analysts said in their latest report.

The renewed sell pressure was amplified by the trade threats from the US towards China.

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