As of October 16, 2025, the global cryptocurrency market capitalization stands at $3.78 trillion, reflecting a 1.12% decline over the past 24 hours. The overall sentiment has turned mildly bearish as Bitcoin slipped near $111,000 mark and Ethereum struggled to stay above $4,100. Altcoins also weakened across the board as investors booked profits.
Bitcoin is currently trading around $111,108, down 1.15% in the last 24 hours. The price has fluctuated between $110,800 and $113,500, indicating short-term volatility and mild profit-booking after recent gains.
Immediate resistance is placed around $113,000, and a sustained breakout above this level could open the way toward $115,000-$117,000. On the downside, support is seen near $111,000, with stronger demand expected around $108,500.
Despite the decline, on-chain data indicates continued accumulation by long-term holders. Institutional demand through spot Bitcoin ETFs remains stable, suggesting that the broader uptrend remains structurally intact.
Ethereum is trading at $4,009, down 2.65% in the past 24 hours. The price has been oscillating between $3,950 and $4,120, reflecting modest selling pressure but relatively strong technical support near $3,950.
A decisive close above $4,150 could push ETH toward $4,350-$4,450, while a dip below $3,950 might trigger a test of $3,800. Ethereum continues to benefit from growing Layer-2 adoption, rising staking participation, and expanding activity across decentralized finance (DeFi).
Despite near-term weakness, ETH’s long-term outlook remains positive as developer activity and ecosystem growth remain strong heading into Q4 2025.
MATIC is trading at $0.1952, down 3.06% in the last 24 hours. The token continues to consolidate after recent strength, with resistance near $0.21 and support around $0.18.
Polygon’s ongoing network upgrades and ecosystem partnerships keep long-term sentiment constructive despite the short-term correction.
LINK is trading around $18.07, down 5.36% over the past 24 hours. Resistance is seen near $19.20, while support lies around $17.40.
Despite the short-term volatility, Chainlink remains a key infrastructure project for decentralized oracle networks and continues to witness strong adoption across DeFi and cross-chain interoperability protocols.
Stellar is trading at $0.3249, down 3.70% in the last 24 hours. The price has been moving within a range of $0.3180 to $0.3360, with resistance seen near $0.3400 and support around $0.3150.
Stellar continues to strengthen its position through cross-border payment collaborations and increasing institutional adoption, particularly in remittance services and tokenized asset settlement solutions.
BNB is trading at $1,180.42, down 2.66% in the last 24 hours. Resistance is placed near $1,210, while support is seen around $1,150.
Despite the recent pullback, BNB remains resilient, supported by strong activity on the Binance Smart Chain (BNB Chain), consistent token burn mechanisms, and expanding ecosystem developments across decentralized finance (DeFi) and Web3 applications.
DOGE is trading at $0.1961, down 4.08% in the last 24 hours. Resistance is placed near $0.22, while support is seen around $0.19.
Despite the mild decline, Dogecoin’s strong community presence and growing merchant acceptance continue to underpin long-term interest in the token.
PEPE is trading at $0.000007182, down 3.91% in the last 24 hours. Resistance is seen near $0.00000745, while support lies around $0.00000695.
The memecoin continues to experience high trading volumes and strong community engagement despite the short-term dip, with speculative interest and active on-chain participation helping it maintain a prominent position among top meme tokens.
The 1.12% decline in overall market capitalization signals a period of consolidation across major digital assets. Bitcoin’s struggle near $111,000 and Ethereum’s inability to hold above $4,100 suggest fading short-term momentum.
Altcoins have mirrored the trend, with traders reducing exposure to high-beta assets amid a cautious global environment.
The crypto market is undergoing a healthy correction after recent gains. While near-term sentiment appears cautious, long-term growth drivers such as DeFi expansion, cross-chain innovation, and institutional participation remain intact.
Investors are advised to focus on fundamentally strong assets, maintain disciplined risk management, and track macroeconomic indicators such as inflation, interest rate cues, and global liquidity trends.