The total cryptocurrency market capitalization stands at $3.02 trillion, reflecting a 2.91% decline over the last 24 hours. The broader market is seeing a sharper pullback compared to previous sessions, with risk appetite weakening across majors and accelerated selling pressure in altcoins and speculative segments.
Trading volumes have picked up modestly, suggesting the decline is driven by active risk reduction, profit-booking, and selective deleveraging rather than panic-driven liquidations.
Bitcoin is currently trading at $89,433, down 2.13% over the past 24 hours. BTC failed to hold above its recent consolidation range, triggering short-term selling as the price slipped below key intraday support.
Immediate resistance is seen near $90,200, followed by a stronger supply zone around $94,000. On the downside, support lies at $87,000, with a deeper demand zone near $84,500.
Derivatives data show open interest at $60.79 billion, down 0.22%, indicating leverage reduction. Funding rates have cooled to around 0.0097%, reflecting modest bullish positioning with controlled leverage.
Ethereum is trading at $2,980, down 5.66% over the last 24 hours. ETH has broken below short-term range support, mirroring broader market weakness and underperforming Bitcoin on a relative basis.
Immediate resistance is located near $3,140, followed by a broader supply zone around $3,380. On the downside, key support is seen near $2,950, with stronger structural support around $2,820.
Ethereum derivatives open interest stands at $39.45 billion, down 1.68%, while funding rates have eased to 0.0028%, suggesting fading bullish conviction in the near term.
LINK is trading at $12.36, down 3.08% over the last 24 hours. Immediate resistance is seen near $13.20-$13.90, while support lies around $12.00-$11.40.
Oracle adoption, real-world asset integrations, and cross-chain data demand remain key medium-term drivers.
NEAR is trading at $1.53, down 2.55% on the day. Immediate resistance is seen near $1.65-$1.80, while support lies around $1.45-$1.35.
Ecosystem expansion, AI-related narratives, and developer tooling upgrades continue to influence sentiment.
ATOM is trading at $2.38, down 5.68% over the last 24 hours. Immediate resistance is seen near $2.55-$2.75, while support lies around $2.30-$2.10.
Interchain adoption, liquid staking participation, and protocol-level upgrades remain long-term focus areas.
ARB is trading at $0.1866, down 3.22% on the day. Immediate resistance is seen near $0.200-$0.215, while support lies around $0.180-$0.165.
Layer-2 scaling demand, ecosystem incentives, and on-chain activity trends continue to guide price action.
FLOKI is trading at $0.00004387, down 2.26% over the last 24 hours. Immediate resistance is seen near $0.00004650-$0.00004900, while support lies around $0.00004200-$0.00003950.
Community activity and broader risk sentiment remain the primary drivers.
SHIB is trading at $0.000007921, down 1.00% on the day. Immediate resistance is seen near $0.00000820-$0.00000860, while support lies around $0.00000780-$0.00000740.
Exchange flows, burn activity, and shifts in retail risk appetite continue to dictate short-term price behavior.
The 3.98% decline in total crypto market capitalization signals a clear risk-off phase rather than simple consolidation.
Bitcoin slipping below $90,000 and Ethereum trading below $3,000 suggest buyers are cautious and waiting for stronger confirmation at lower support levels.
For bullish continuation, BTC must reclaim $92,000-$94,000 and establish acceptance above that zone, while ETH needs to defend $2,950 and recover toward $3,300-$3,400.