Price Analysis

Crypto Price Today: Bitcoin Holds Support at $87,000, Ethereum Close to $2,800

Crypto Price Today: Bitcoin Near $87,000, Ethereum Close to $2,800 as Global Market Cap Stands at $2.95 trillion

Bhavesh Maurya

As of today, the total cryptocurrency market capitalization stands at $2.95 trillion, marking a 0.71% increase over the past 24 hours. The uptick reflects a slight improvement in sentiment as investors respond positively to stabilizing macroeconomic indicators, steady ETF inflows, and slightly stronger risk appetite across global markets. 

Despite recent volatility, the broader market structure remains robust, underpinned by strong institutional accumulation, resilient on-chain activity, and sustained development momentum across major Layer-1 and Layer-2 ecosystems.

Bitcoin (BTC): Trading Near $87,000

Bitcoin is currently trading at $87,004, up 1.42% in the past 24 hours. BTC is consolidating within a tight range, with immediate resistance near $88,500 and strong support around $86,800.

ETF inflows slowed mildly, but on-chain accumulation by long-term holders continues to strengthen. Exchange reserves dropped to fresh multi-year lows, signaling reduced sell pressure. Miner activity remains stable, with hash rate near its all-time high.

Analysts note that as long as BTC maintains the $86,000-$87,000 support zone, the broader trend remains bullish, with potential for continuation toward the $90,000 level if liquidity improves.

Ethereum (ETH): Trading Near $2,800

Ethereum is trading at $2,806, down 0.46% over the last 24 hours. Major resistance lies near $3,000, while immediate support is positioned around $2,780.

ETH is benefiting from renewed activity across Layer-2 networks such as Base, Arbitrum, and Optimism. Staking growth remains robust, with the total staked supply increasing steadily, helping maintain ETH’s deflationary supply dynamics.

Institutional flows into ETH-related derivatives and structured products accelerated this week, signaling heightened interest as Ethereum ecosystem development remains strong.

Altcoins:

Solana (SOL)

SOL is trading at $127.14, up 0.53% in the past 24 hours. Immediate resistance is seen near $130, while key support lies around $124.

Solana continues to attract heavy developer activity, with rising network throughput and expanding adoption across memecoins, gaming, and DeFi platforms. Daily active users remain elevated, supporting long-term ecosystem momentum.

Chainlink (LINK)

LINK is trading at $12.12, up 0.26% over the past 24 hours. Immediate resistance is placed near $12.40, while strong support is seen around $11.90.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) continues gaining traction among enterprise and institutional partners. On-chain oracles remain in high demand, especially across DeFi and tokenized asset infrastructure.

Polkadot (DOT)

DOT is trading at $2.05, up 2.18% in the last 24 hours. Key resistance is positioned near $2.12, while immediate support lies around $1.98.

DOT’s ecosystem is seeing steady growth in parachain activity and foundations committing more liquidity to cross-chain messaging. Developer participation remains strong, supporting long-term ecosystem health.

NEAR Protocol (NEAR)

NEAR is trading at $1.65, down 0.54% in the last 24 hours. Immediate resistance is seen near $1.70, while key support lies around $1.60.

NEAR continues to benefit from rising user growth in AI-integrated applications and the expansion of its chain abstraction framework. Transaction throughput and ecosystem liquidity remain healthy.

Memecoins:

Pepe (PEPE)

PEPE is trading at $0.000004055, down 3.11% in the past 24 hours. Immediate resistance is positioned near $0.00000420, while key support lies around $0.00000395.

PEPE remains one of the most active Ethereum-based memecoins, supported by high trading volumes, community activity, and deep liquidity on major exchanges.

dogwifhat (WIF)

WIF is trading at $0.3448, up 2.11% in the last 24 hours. Immediate resistance is positioned near $0.3600, while key support lies around $0.3300.

WIF continues to dominate Solana’s memecoin ecosystem, supported by large trader inflows and strong social sentiment despite broader market volatility.

Market Outlook

The 0.71% rise in the global crypto market cap signals a slight improvement in sentiment as traders respond to stabilizing macro conditions and steady ETF inflows. Both BTC and ETH continue to trade above their key support zones, highlighting strong structural resilience across major digital assets.

If BTC moves back above $88,500 and ETH crosses the $3,000 level, analysts anticipate renewed bullish momentum as liquidity strengthens across the market.

Despite some short-term volatility, the broader outlook remains constructive, supported by robust developer activity, growing ecosystem liquidity, and consistent institutional participation.