by Coinstrooper Crypto Articles
Quick Take
  • The crypto market is slightly higher today, extending gains after recent downturn.
  • The crypto market rose today, with total market capitalization up ~0.7% to $3.04T;
  • AI-related tokens remain under heavy pressure, down about 75% year over year;
  • Bitcoin optimism was briefly boosted by Elon Musk’s forecast of strong US economic growth in 2026;

What Happened

A new report shows the sector has entered a deep correction, erasing tens of billions of dollars in value as investor appetite cooled and market conditions tightened.

Market Context

The crypto market is slightly higher today, extending gains after recent downturn. Total cryptocurrency market capitalization has risen by around 0.7%, reaching approximately $3.04 trillion, while 24-hour trading volume stands at about $69.9 billion, according to market data.

The crypto market rose today, with total market capitalization up ~0.7% to $3.04T;

ETH remains range-bound below $3,000, with muted volume and key support near $2,800–$2,700;

Market sentiment stays cautious, with the Crypto Fear and Greed Index at 28 (fear);

Russia’s major exchanges confirmed readiness for regulated crypto trading.

At the time of writing, most major cryptocurrencies are trading in the green over the past 24 hours.

Ethereum (ETH) is flat on the day, trading at $2,924, but has gained 3.2% over the past week.

BNB (BNB) has climbed 0.5% to $840, while XRP (XRP) is up 0.6%, trading at $1.87.

Solana (SOL) added 0.3%, now priced at $121.76, though it remains down over the past seven days.

Looking at stronger movers, Beefy (BIFI) led the market, surging 197% to $312.55, making it both the top gainer and one of the most actively trending assets. ZER0BASE followed with a 69.9% jump to $0.1533, while Minidoge gained 73.3%, trading at $0.878.

On the downside, losses among large-cap assets were limited. Cardano (ADA) slipped 0.7% to $0.357, while WhiteBIT Coin (WBT) fell 0.3% to $56.51. TRON (TRX) was down 1.1%, trading at $0.2796, marking the weakest performance among the top 10.

Data compiled by CryptoPresales.com shows AI tokens have lost roughly 75% of their combined value year over year, wiping out an estimated $53 billion from the market.

Why It Matters

Bitcoin optimism was briefly boosted by Elon Musk’s forecast of strong US economic growth in 2026;

Details

TLDR:

AI-related tokens remain under heavy pressure, down about 75% year over year;

BTC continues to consolidate below key resistance, with support around $86K–$87K;

US spot Bitcoin ETFs saw $175.3M in net outflows;

US spot Ether ETFs also lost $52.7M;

Crypto Winners & Losers

Bitcoin (BTC) is up 0.7%, changing hands at $87,414, holding firm near recent highs.

Dogecoin (DOGE) rose 0.2% to $0.127, continuing its gradual recovery.

Meanwhile, after a breakout rally across 2023 and much of 2024, artificial intelligence–focused crypto tokens have swung sharply in the opposite direction.

Elon Musk’s US Growth Call Sparks Bitcoin Optimism