Price Analysis

Crypto Prices Today: Bitcoin Trades Below $90,000, Ethereum Struggles Near $3,000

Crypto Price Today: Bitcoin Below $90,000, Ethereum Close to $3,000 as Global Market Cap Stands at $3.03 trillion

Bhavesh Maurya

The total cryptocurrency market capitalization stands at $3.03 trillion, reflecting a 0.32% decline over the last 24 hours. The broader market has entered a mild corrective phase after recent consolidation, with selling pressure returning across majors while traders reduce exposure ahead of key macro and liquidity triggers.

Trading volumes have softened slightly, risk appetite remains selective, with capital rotating defensively within large-cap assets.

Bitcoin (BTC): Trades Below $90,000

Bitcoin is currently trading at $89,788, down 0.19% over the past 24 hours. BTC has slipped back below the $90,000 support band after failing to sustain momentum near recent highs, indicating hesitation among buyers.

Immediate resistance is now seen near $89,500, followed by a stronger supply zone around $92,800. On the downside, support lies at $87,200, with a more critical demand area near $85,600.

Derivatives data show open interest at $59.68 billion, down 0.82%, signaling leverage reduction as some traders are closing positions. Funding rates have cooled to 0.0040%, pointing to neutral-to-slightly bearish positioning as traders adopt a wait-and-see stance.

Ethereum (ETH): Trades Below $3,000 

Ethereum is trading at $2,971, down 1.63% over the last 24 hours. ETH has lost the $3,000 psychological level after repeated rejections.

Immediate resistance is located near $3,080, followed by a broader supply zone around $3,320. On the downside, key support sits near $2,900, with stronger structural support around $2,760.

Ethereum derivatives open interest stands at $39.46 billion, up 1.73%, while funding rates have eased to 0.0048%, reflecting cooling bullish sentiment and reduced speculative activity.

Altcoins:

Solana (SOL)

SOL is trading at $128.72, down 1.03% over the last 24 hours. Immediate resistance is seen near $132-$138, while support lies around $126-$120.

Ecosystem growth, validator economics, and DeFi activity remain key medium-term drivers.

Chainlink (LINK)

LINK is trading at $12.34, down 1.25% on the day. Immediate resistance is seen near $13.40-$14.20, while support lies around $12.00-$11.20.

Oracle adoption, CCIP expansion, and real-world asset integrations continue to influence sentiment.

Toncoin (TON)

TON is trading at $1.56, down 2.03% over the last 24 hours. Immediate resistance is seen near $1.62-$1.70, while support lies around $1.52-$1.40.

Telegram ecosystem growth and on-chain user activity remain the primary catalysts.

Arbitrum (ARB)

ARB is trading at $0.1805, down 2.43% on the day. Immediate resistance is seen near $0.195-$0.210, while support lies around $0.175-$0.160.

Layer-2 adoption, DAO governance developments, and incentive programs continue to shape price action.

Memecoins:

Bonk (BONK)

BONK is trading at $0.000009170, down 0.36% over the last 24 hours. Immediate resistance is seen near $0.00000980-$0.00001080, while support lies around $0.00000900-$0.00000820.

Solana ecosystem sentiment and retail risk appetite remain dominant drivers.

Floki (FLOKI)

FLOKI is trading at $0.00004403, down 1.04% on the day. Immediate resistance is seen near $0.00004650-$0.00005000, while support lies around $0.00004300-$0.00004000.

Marketing activity, exchange listings, and broader meme-sector momentum continue to guide price movements.

Market Outlook

The 0.32% decline in total crypto market capitalization reflects a short-term risk-off tone, with traders trimming positions after recent consolidation. 

Bitcoin remains vulnerable below $90,000, while Ethereum’s failure to hold $3,000 highlights weakening momentum among majors.

For a bullish reversal, BTC needs to reclaim and hold above $90,000, while ETH must regain $3,050-$3,100 and build acceptance above that range. 

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