Price Analysis

Crypto Price Today: Bitcoin Near $86,000, Ethereum Close to $2,800

Crypto Price Today: Bitcoin Near $86,000, Ethereum Close to $2,800 as Global Market Cap Stands at $2.93 trillion

Bhavesh Maurya

As of today, the total cryptocurrency market capitalization stands at $2.93 trillion, reflecting a 5.26% decline in the past 24 hours. The pullback comes as global markets react to rising bond yields, reduced ETF inflows, and a stronger US dollar. Liquidity conditions tightened slightly, prompting short-term risk-off behavior across major assets.

Despite the decline, long-term market structure remains intact, with institutional positioning still net positive and on-chain fundamentals showing resilience across major ecosystems.

Bitcoin (BTC): Trading Near $86,000

Bitcoin is currently trading at $85,798, down 5.87% over the past 24 hours. BTC faces immediate resistance near $90,000, with strong support seen around $85,600.

ETF flows slowed notably last week, leading to reduced upward momentum. However, long-term holder accumulation remains strong, with exchange supply continuing its multi-year downtrend. Miner selling increased slightly due to higher operational costs, but remain within standard historical ranges.

Analysts note that as long as BTC maintains the $85,000-$86,000 support zone, the broader trend remains structurally bullish despite short-term volatility.

Ethereum (ETH): Holding Near $2,800

Ethereum is trading at $2,814, down 6.15% in the last 24 hours. Major resistance lies near $2,950, while immediate support sits around $2,780.

ETH’s decline follows a temporary slowdown in Layer-2 activity and reduced DEX volumes. However, staking participation remains elevated, keeping the circulating supply deflationary. Ecosystem growth on networks like Base, zkSync, and Linea continues to drive long-term confidence in Ethereum’s modular roadmap.

Institutional flows into ETH-based structured products also remain stable, signaling sustained long-term interest.

Altcoins:

Binance Coin (BNB)

BNB is trading at $823.14, down 5.81% in the last 24 hours. Resistance is seen near the $840 level, while immediate support lies around $805.

BNB continues to benefit from strong ecosystem activity on BNB Chain, supported by rising developer deployments, expanding DeFi liquidity, and consistent user growth across core applications. Despite short-term volatility, network fundamentals remain strong.

Avalanche (AVAX)

AVAX is trading at $12.92, down 8.66% in the last 24 hours. Resistance is positioned near the $13.40 level, while immediate support is seen around $12.50.

Avalanche continues to attract institutional adoption, particularly across tokenization and enterprise-grade blockchain solutions. Subnet deployments remain active, and AVAX maintains strong user activity within gaming and DeFi ecosystems.

Sui (SUI)

SUI is trading at $1.37, down 9.22% over the past 24 hours. Resistance stands at $1.42, while key support lies around $1.30.

SUI is supported by rapid growth in its DeFi ecosystem, surging TVL, and high transaction throughput enabled by parallel execution. Developer momentum continues to push new projects into the Sui ecosystem.

XRP (Ripple’s Native Token)

XRP is trading at $2.03, down 7.58% in the last 24 hours. Immediate resistance is seen near the $2.12 level, while support is placed around $1.96.

Despite the market pullback, XRP maintains strong liquidity and steady institutional usage via Ripple’s cross-border payment infrastructure. On-chain activity shows continued demand from remittance corridors in Asia and the Middle East, while ongoing regulatory clarity in global markets continues to support long-term sentiment.

Memecoins:

Floki (FLOKI)

FLOKI is trading at $0.00004340, down 9.48% in the last 24 hours. Immediate resistance is positioned near $0.00004510, while key support lies around $0.00004200.

FLOKI continues to ride high on community engagement, frequent marketing pushes, and growing utility integrations across DeFi and NFT platforms. The token’s liquidity remains deep on major exchanges.

Bonk (BONK)

BONK is trading at $0.000008691, down 9.50% in the last 24 hours. Immediate resistance is positioned near $0.000009150, while key support is seen around $0.000008300.

BONK remains one of Solana’s strongest community-driven assets, supported by integrations across memecoin ecosystems, gaming platforms, and high-volume trading pairs. Its momentum remains stable even during broader market pullbacks.

Market Outlook

The 5.26% decline in global crypto market cap signals increased caution following rising macroeconomic pressure and weaker ETF momentum.

However, both BTC and ETH continue to hover above key structural support levels, with long-term accumulation patterns signaling sustained confidence.

If BTC holds above $86,000 and ETH reclaims $2,900, analysts expect the market to gradually stabilize as liquidity conditions improve.

Despite short-term downside risks, overall market fundamentals remain constructive, with strong developer traction across Layer-1 and Layer-2 ecosystems setting the stage for potential upward continuation in the coming weeks.