The total market capitalization of cryptocurrencies stands at $2.93 trillion, marking a 0.44% decline over the last 24 hours. The broader market remains under pressure as investors continue to de-risk amid persistent macroeconomic uncertainty, cautious central bank commentary, and reduced risk appetite across global financial markets.
Profit-taking after recent rebounds, along with declining leverage in derivatives markets, is keeping prices subdued. While long-term fundamentals across the crypto ecosystem remain intact, near-term price action suggests ongoing consolidation with a mildly bearish bias across major digital assets.
Bitcoin is currently trading at $86,847, up 0.13% over the past 24 hours. BTC is holding near the $87,000 level after a short term recovery from a low near $84,150.
Immediate resistance is seen near $90,000, followed by a stronger overhead supply zone around $94,000. On the downside, support lies at $84,000, with a broader demand area between $81,000 and $82,000, where buyers may attempt to stabilize price action.
Derivatives data show declining open interest and muted funding rates, indicating continued deleveraging rather than aggressive short positioning, a sign of cautious positioning among traders.
Ethereum is trading at $2,914, up 2.74% over the last 24 hours. ETH has shown signs of recovery after recent consolidation, attempting to regain strength as it moves closer to key short-term moving averages.
A sustained hold above the $2,900 level would improve near-term sentiment and signal a potential trend reversal.
Immediate resistance is seen near $3,000, followed by a stronger supply zone around $3,050-$3,100. On the downside, immediate support is located near $2,850, with a stronger support base around $2,700 if volatility increases.
SOL is currently trading at $121.71, down 1.71% over the last 24 hours. Immediate resistance is seen near $130, while support is placed around $118-$120.
SOL continues to benefit from strong network activity and ecosystem growth, though price action remains sensitive to broader market sentiment.
LINK is trading at $12.26, up 0.39% over the last 24 hours. Immediate resistance is seen near $13-$13.20, while support lies around $11.80-$12.
LINK’s long-term outlook remains supported by steady oracle adoption and expanding real-world asset integrations.
MATIC is trading at $0.1059, down 0.23% over the last 24 hours. Immediate resistance is seen near $0.112-$0.115, while support is located around $0.102-$0.100.
Polygon continues to focus on scalability and enterprise partnerships, though short-term price action remains weak.
BNB is trading at $838.62, up 0.09% over the last 24 hours. Immediate resistance is seen near $860, while support is placed around $820-$825.
BNB remains supported by steady activity across the BNB Chain ecosystem, including DeFi, staking, and exchange-related utility, although price action continues to track broader market trends.
PEPE is trading at $0.000003826, down 1.03% over the last 24 hours. Immediate resistance is seen near $0.000004000, while support lies around $0.000003700.
PEPE continues to experience sharp volatility, driven largely by speculative flows and social sentiment.
BONK is trading at $0.000007917, down 1.28% over the last 24 hours. Immediate resistance is seen near $0.000008200, while support is placed around $0.000007700.
BONK remains closely tied to activity within the Solana ecosystem, with price movements reflecting broader risk sentiment.
The 0.44% increase in total crypto market capitalization highlights a modest recovery following recent volatility. Bitcoin’s ability to stabilize near key levels and Ethereum’s attempt to reclaim higher resistance zones suggest that markets may remain range-bound, with a slightly improving short-term bias.
A stronger recovery scenario would require BTC to sustain a move above $90,000 and ETH to decisively clear the$2,900-$3,000 zone.