The total market capitalization of cryptocurrencies stands at $2.92 trillion, marking a 1.12% decline over the last 24 hours. The broader market remains under pressure as traders adopt a cautious stance amid mixed macro signals and recent volatility.
Profit-booking at higher levels and reduced leverage in derivatives markets continue to weigh on prices. While long-term fundamentals across the crypto ecosystem remain intact, short-term price action suggests consolidation with a downside bias across major digital assets.
Bitcoin is currently trading at $86,761, down 0.02% in the past 24 hours. BTC failed to maintain strength above the $87,000 zone and has gradually drifted lower, reflecting weakening short-term momentum.
Immediate resistance is located near $87,100, followed by a stronger supply zone around $89,500. On the downside, immediate support is seen at $83,900, with a broader demand zone between $81,500 and $82,500, where buyers have previously stepped in aggressively.
Market indicators show declining futures open interest and neutral-to-slightly negative funding rates, suggesting traders are unwinding leveraged positions rather than engaging in panic selling.
Ethereum is trading at $2,838, registering a 3.18% decline over the last 24 hours. ETH continues to struggle after repeated rejections near the $3,100 mark, confirming short-term weakness as it trades below key moving averages.
Resistance is seen near $2,950, and a sustained breakout above this level could open the door toward the $3,100-$3,180 range. On the downside, support lies at $2,800, with the next major support around $2,650 if selling pressure intensifies.
Despite near-term price weakness, Ethereum’s on-chain activity remains stable, with steady staking participation and continued growth across Layer-2 ecosystems.
AVAX is currently trading at $11.75, down 3.54% over the last 24 hours. Resistance is seen near $13.20, while support is placed around $10.80.
Avalanche continues to attract attention for its subnet adoption and institutional blockchain use cases, though its price remains closely tied to overall market sentiment.
Cardano is trading at $0.3655, down 3.82% on the day. Immediate resistance is seen near $0.40, while support is placed around $0.34.
Development activity around Cardano’s smart-contract ecosystem and governance upgrades remains steady, even as price action stays under pressure.
NEAR is trading at $1.47, down 4.69% over the last 24 hours. Immediate resistance is seen near $1.60, while support lies around $1.38.
The network continues to focus on scalability and user-friendly decentralized applications, supporting its long-term outlook.
ARB is trading at $0.1826, down 7.72% over the past 24 hours. Immediate resistance is seen near $0.20, while support is placed around $0.17.
Arbitrum remains one of the leading Ethereum Layer-2 solutions, benefiting from high DeFi activity despite short-term market weakness.
WIF is trading at $0.3525, down 5.86% over the last 24 hours. Immediate resistance is seen near $0.38, while support is placed around $0.32.
WIF continues to experience sharp volatility, driven largely by speculative trading and sentiment shifts within the Solana ecosystem.
FLOKI is trading at $0.00004011, down 5.03% on the day. Immediate resistance is seen near $0.00004350, while support is placed around $0.00003800.
Community-driven developments and marketing initiatives remain key drivers of FLOKI’s price action.
The 1.12% decline in total crypto market capitalization reflects a period of short-term consolidation following recent volatility.
Bitcoin’s near $87,000 and Ethereum’s weakness below $2,900 suggest that markets may remain range-bound unless key resistance levels are reclaimed.
A recovery scenario would require BTC to move back above $87,000 and ETH to regain $2,950 on strong volume. Until then, traders are likely to remain selective, focusing on risk management, reduced leverage, and short-term opportunities amid ongoing uncertainty.