Crypto Prices Today: Bitcoin Slips At $75,000, Ethereum Slides Toward $2,200

Crypto Price Today: Bitcoin Slips to $75,700, Ethereum Drops Near $2,200 as Global Market Cap Stands at $2.56 trillion
Crypto Prices Today: Bitcoin Slips At $75,000, Ethereum Slides Toward $2,200
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The total cryptocurrency market capitalization stands at $2.56 trillion, reflecting a 3.83% decline over the last 24 hours. The broader crypto market remains under pressure as cautious macro sentiment, reduced risk appetite, and continued leverage unwinding keep buyers on the sidelines.

Bitcoin (BTC): Dips to $75,000

Bitcoin is currently trading at $75,260, down 4.45% over the past 24 hours. BTC failed to reclaim the $80,000-$81,000 zone, leading to renewed selling pressure as short-term traders de-risked positions.

Resistance is seen near $81,500, followed by a stronger supply zone around $84,000. On the downside, key support lies at $74,450, with a deeper demand area near $70,000 if momentum weakens further.

Derivatives data show open interest at $50.59 billion, down 6.26%, indicating aggressive deleveraging as leveraged long positions were unwound, risk appetite confirmed to be weak. Funding rate is at 0.0018%, reflecting cautious, defensive positioning.

Spot Bitcoin ETFs recorded approximately $509.70 million in net outflows, signaling restrained institutional participation amid ongoing uncertainty.

Ethereum (ETH): Slides Toward $2,200

Ethereum is trading at $2,203, down 9.66% over the last 24 hours. ETH struggled to hold above $2,550, triggering incremental downside pressure as leverage continued to unwind.

Immediate resistance stands near $2,550, followed by a broader supply zone around $2,750. Key support lies at $2,120, with a stronger base near $2,000 if volatility increases.

Ethereum derivatives open interest stands at $26.93 billion, down 9.09%, suggesting a steady reset in leveraged positions rather than aggressive short-building.

Funding rates have turned negative to -0.0241%, indicating indicating short positions are now dominant, bearish sentiment is strengthening in the near term.

Spot Ethereum ETFs saw around $252.87 million in net outflows, reinforcing a cautious institutional tone.

Altcoins:

Avalanche (AVAX)

AVAX is trading at $9.69, down 4.96% over the last 24 hours. Immediate resistance is seen near $10.40-$11.10, while support lies around $9.20-$8.60.

Subnet adoption and enterprise use cases remain key medium-term drivers.

Near Protocol (NEAR)

NEAR is trading at $1.15, down 4.15% on the day. Immediate resistance is seen near $1.25-$1.35, while support lies around $1.05-$0.95.

Developer activity and AI-related narratives continue to influence sentiment.

Sui (SUI)

SUI is trading at $1.08, down 5.31% over the last 24 hours. Immediate resistance is seen near $1.15-$1.22, while support lies around $1.02-$0.95.

Ecosystem growth and on-chain activity remain critical for direction.

Litecoin (LTC)

LTC is trading at $56.86, down 4.56% on the day. Immediate resistance is seen near $60-$62, while support lies around $54-$50.

Payment usage and network stability continue to underpin long-term interest.

Memecoins:

Dogwifhat (WIF)

WIF is trading at $0.2439, down 4.89% over the last 24 hours. Immediate resistance is seen near $0.265-$0.285, while support lies around $0.230-$0.215.

Speculative flows and Solana ecosystem sentiment remain key drivers.

Pepe (PEPE)

PEPE is trading at $0.000004042, down 4.57% on the day. Immediate resistance is seen near $0.00000430-$0.00000455, while support lies around $0.00000385-$0.00000360.

Retail interest and broader market momentum continue to dictate price action.

Market Outlook

The 3.83% decline in total crypto market capitalization reflects continued risk aversion and consolidation rather than a sharp capitulation. 

Leverage has been gradually flushed, helping stabilize volatility, but conviction remains weak.

Bitcoin holding near $75,000 with heavy selling pressure, while Ethereum must reclaim the $2,380-$2,400 zone to stabilize sentiment. 

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