The total cryptocurrency market capitalization stands at $2.96 trillion, marking a 2.85% decline over the last 24 hours. The broader market is showing signs of short-term cooling after recent gains, with profit-taking emerging across majors and selective weakness in high-beta assets.
Trading volumes remain steady but slightly lower than the previous session, suggesting cautious participation rather than panic selling. Volatility has increased modestly, indicating the market is reassessing support levels after failing to extend its recent recovery.
Bitcoin is currently trading at $87,220, down 3.14% over the past 24 hours. BTC has slipped below the $88,000-$89,000 zone, a level that previously acted as short-term support, reflecting a pause in bullish momentum.
Immediate resistance is now seen near $90,500, followed by a stronger zone around $92,800. On the downside, support lies near $85,800, with a deeper level around $83,500 if selling pressure persists.
Derivatives data show open interest easing to $58.20 billion, down 3.80%, while funding rates remain slightly positive at 0.0085%, indicating that long positioning is being reduced gradually rather than aggressively unwound.
Ethereum is trading at $2,943, down 3% over the last 24 hours. ETH has pulled back from recent highs but continues to hold above the $2,900 region, preserving its broader consolidation structure.
Immediate resistance is located near $3,150, with a stronger supply zone around $3,300. On the downside, support is seen near $2,900, followed by a broader base around $2,800.
Derivatives data show open interest at $38.36 billion, down 3.75%, with funding rates near 0.0030%, reflecting neutral-to-cautious sentiment. Stable staking participation and consistent on-chain activity continue to help ETH avoid sharper downside moves.
BNB is trading at $851.70, down 1.70% over the last 24 hours. Immediate resistance is seen near $880-$900, while support lies around $820-$800.
Ongoing exchange activity and ecosystem development remain supportive over the medium term.
AVAX is trading at $12.38, down 5.35% over the last 24 hours. Immediate resistance is seen near $13.80-$14.50, while support is located around $11.80-$11.20.
Subnet adoption and developer activity continue to underpin longer-term sentiment.
XRP is trading at $1.85, down 2.78% over the last 24 hours. Immediate resistance is seen near $1.95-$2.05, while support lies around $1.75-$1.65.
Payment-related use cases and ongoing network developments remain key focus areas.
SUI is trading at $1.42, down 4.41% over the last 24 hours. Immediate resistance is observed near $1.55-$1.62, while support is located around $1.35-$1.30.
Layer-1 ecosystem growth continues to support interest despite broader market weakness.
PEPE is trading at $0.000004068, down 4.46% over the last 24 hours. Immediate resistance is seen near $0.00000430-$0.00000455, while support lies around $0.00000395-$0.00000370.
Price action remains closely tied to overall market momentum and social sentiment.
SHIB is trading at $0.000007164, down 4.37% over the last 24 hours. Immediate resistance is seen near $0.00000760-$0.00000790, while support is located around $0.00000695-$0.00000670.
Burn activity, Layer-2 (Shibarium) usage, and retail sentiment continue to influence short-term price movements.
The 2.85% decline in total crypto market capitalization reflects short-term consolidation rather than a decisive trend reversal.
Bitcoin slipping below $88,000 and Ethereum holding near $2,950 suggest the market is entering a reassessment phase after recent upside attempts.
A more constructive scenario would require BTC to reclaim and hold above $90,500 and ETH to regain strength above $3,150. Failure to defend current support zones could result in extended range-bound movement, keeping the broader crypto market cautious in the near term.