Crypto Prices Today: Bitcoin Slips Below $93,000, Ethereum Around $3,200

Crypto Price Today: Bitcoin Below $93,000, Ethereum Close to $3,200 as Global Market Cap Stands at $3.13 trillion
Crypto Prices Today: Bitcoin Slips Below $93,000, Ethereum Around $3,200
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The total cryptocurrency market capitalization stands at $3.13 trillion, marking a 2.83% decline over the last 24 hours. The broader market has pulled back after a strong multi-session advance, with profit-taking visible across majors and rotation out of select high-beta segments.

Trading volumes have eased from recent highs, indicating that the decline is driven largely by spot selling and position rebalancing rather than forced liquidations. 

Bitcoin (BTC): Trades Near $92,700

Bitcoin is currently trading at $92,680, down 2.54% over the past 24 hours. BTC failed to sustain momentum, slipping back into a consolidation range.

Immediate resistance is now seen near $95,000, followed by $97,000. On the downside, initial support is located near $92,000, with a stronger demand area around $90,000 if selling pressure increases.

Derivatives data show open interest at $61.69 billion, up 0.61%, while funding rates hover around 0.0048%, indicating mildly long-biased but cautious positioning. Bitcoin Spot ETFs recorded $394.68 million in net outflows.

Ethereum (ETH): Holds Around $3,200

Ethereum is trading at $3,203, down 3.28% over the last 24 hours. ETH continues to defend the $3,350-$3,400 region after failing to break decisively above the $3,550 resistance band.

Resistance is located near $3,520, followed by a broader supply zone around $3,700. On the downside, key support is seen near $3,100, with deeper support around $3,000.

Ethereum derivatives open interest stands at $41.34 billion, up 0.38%, while funding rates have moderated to 0.0017%, reflecting slight bearish sentiment. Ethereum Spot ETFs recorded $4.64 million in net inflows.

Altcoins:

Solana (SOL)

SOL is trading at $133.67, down 6.31% over the last 24 hours. Immediate resistance is seen near $140-$146, while support lies around $128-$122.

Network activity, DePIN adoption, and memecoin-related liquidity cycles remain medium-term drivers.

Chainlink (LINK)

LINK is trading at $12.71, down 6.51% on the day. Immediate resistance is seen near $13.40-$14.20, while support lies around $12.20-$11.60.

Oracle demand, RWAs, and cross-chain interoperability continue to support long-term narratives.

Arbitrum (ARB)

ARB is trading at $19.14, down 10.49% over the last 24 hours. Immediate resistance is seen near $20.20-$21.40, while support lies around $18.30-$17.20.

Layer-2 adoption, sequencer decentralization, and ecosystem incentives remain key catalysts.

XRP (Ripple’s Native Token)

XRP is trading at $1.96, down 4.32% on the day. Immediate resistance is seen near $2.05-$2.15, while support lies around $1.88-$1.75.

Cross-border payment adoption, institutional settlement use cases, and regulatory clarity continue to influence sentiment.

Memecoins:

Dogecoin (DOGE)

DOGE is trading at $12.70, down 7.42% over the last 24 hours. Immediate resistance is seen near $13.60-$14.40, while support lies around $12.10-$11.20.

Retail sentiment and broader market risk appetite remain the primary drivers.

Bonk (BONK)

BONK is trading at $0.000009319, down 10.07% on the day. Immediate resistance is seen near $0.00000990-$0.00001060, while support lies around $0.00000880-$0.00000810.

Liquidity rotations within the Solana ecosystem continue to dictate short-term price action.

Market Outlook

The 2.83% decline in total crypto market capitalization reflects a controlled consolidation phase rather than a structural breakdown. 

Bitcoin near the $93,000 zone and Ethereum around $3,200 suggest dip buyers remain active.

For bullish continuation, BTC needs to reclaim $97,000 and attempt a breakout toward $100,000, while ETH must hold above $3,300 and re-test the $3,520-$3,700 region.

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