The total cryptocurrency market capitalization has declined to $2.43 trillion, reflecting a 6.03% decline in the last 24 hours. The broader crypto market remains under heavy pressure as risk-off sentiment intensifies across global assets. Continued uncertainty, higher bond yields, and profit booking have led to aggressive deleveraging, especially across derivatives markets.
Bitcoin is currently trading at $71,080, down 7% over the past 24 hours. BTC failed to reclaim the $75,000 zone, triggering fresh sell orders as traders reduced exposure amid rising volatility.
Immediate resistance is now seen near $74,800, followed by a stronger supply area around $77,000. On the downside, key support lies near $70,000, with a deeper demand zone around $69,500 if selling accelerates.
Derivatives data from Coinglass show Bitcoin open interest at $49.34 billion, down 3.09%, indicating heavy position unwinding. Funding rates have softened to 0.0055%, indicating cautious optimism.
Spot Bitcoin ETFs recorded $171.50 million in net outflows, signaling continued institutional risk aversion.
Ethereum is trading at $2,096, down 7.74% in the last 24 hours. ETH lost the critical $2,200 support level as sellers dominated intraday rallies amid weak broader sentiment.
Immediate resistance is positioned near $2,230, while a larger supply zone sits around $2,450. On the downside, support is seen near $2,050, followed by a stronger base around $1,950 if volatility expands.
Ethereum derivatives open interest stands at $26.02 billion, down 2.81%, reflecting reduced speculative positioning. Funding rates remain near-flat at 0.0069%, indicating cautious positioning.
Spot Ethereum ETFs saw $20.53 million in net outflows, pointing to muted institutional demand.
ADA is trading at $0.2825, down 5.85% on the day. Immediate resistance is seen near $0.30-$0.32, while key support lies around $0.27-$0.25.
Network upgrades and staking participation remain important medium-term catalysts.
LINK is trading at $9.07, down 6.17% in the last 24 hours. Immediate resistance is seen near $9.60-$10.20, while key support lies around $8.80-$8.20.
Oracle adoption and real-world asset integrations continue to shape longer-term sentiment.
MATIC is trading at $10.58, down 2.55% on the day. Immediate resistance is seen near $10.90-$11.30, while key support lies around $10.20-$9.80.
Enterprise partnerships and Layer-2 activity remain key drivers.
BNB is trading at $691.58, down 8.71% in the last 24 hours. Immediate resistance is seen near $720-$745, while key support lies around $660-$630.
BNB Chain activity, exchange volumes, and periodic token burns remain key medium- to long-term drivers.
BONK is trading at $0.000006797, down 5.59% in the last 24 hours. Immediate resistance is seen near $0.0000073-$0.0000079, while key support lies around $0.0000064-$0.0000060.
Solana ecosystem flows and retail sentiment continue to influence price action.
FLOKI is trading at $0.00003315, down 6.01% on the day. Immediate resistance is seen near $0.0000355-$0.0000370, while key support lies around $0.0000320-$0.0000305.
Community-driven narratives and speculative rotations remain dominant drivers.
The 6.03% decline in total crypto market capitalization highlights intensifying selling pressure as traders continue to reduce risk exposure.
Bitcoin must defend the $72,000 region to avoid a deeper correction, while Ethereum must reclaim $2,300 to prevent further downside across altcoins.
Until clearer macro clarity or liquidity support emerges, markets are likely to remain volatile, favoring short-term range trading and selective setups over broad-based rallies.