Following a steady rally over the past few days, the cryptocurrency market faced a sharp correction today. Bitcoin (BTC) dropped below the $115,000 level as traders booked profits, dragging the broader market lower. Major altcoins such as Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) also slipped into negative territory.
After several sessions of steady gains, the crypto market faced a pullback as traders locked in profits. According to the CoinDCX Research Team, the effects of recent Fed rate cuts have now settled, with Bitcoin consolidating around its earlier surge. Bears booked profits as BTC slipped below the key support of $117,138 and dropped under $117,000. Meanwhile, altcoins such as Ethereum, XRP, Binance Coin, Solana, and Cardano continued to trade above their respective resistance levels.
Among the top movers, Aster led with nearly a 50% jump, followed by Immutable and Near Protocol, which climbed over 15% and 9%, respectively. On the downside, MYX Finance, Memecore, and Pump.fun tumbled 16.15%, 13.21%, and 11.96%. Despite the mixed action, overall market sentiment remains neutral.
Bitcoin Price Update
Bitcoin (BTC) is trading at $115,516.92, down 1.29% over the past 24 hours. Despite the decline, it retains a massive market capitalisation of $2.30 trillion with a daily trading volume of $15.11 billion.
Ethereum, XRP, and Other Altcoins
Ethereum (ETH), the second-largest crypto, slipped 1.92% in 24 hours and 4.20% over the past week, now priced at $4,472.25 with a market cap of $539.59 billion.
XRP dropped 1.87% to $2.99, leaving its market cap at $178.90 billion. Solana (SOL) dipped 2.63% intraday to $238.63, though it still boasts a 32.31% surge over the past month.
Cardano (ADA) slid 2.95% in 24 hours to $0.8950, with a market capitalisation of $32.68 billion. Dogecoin (DOGE) faced steeper losses, falling 4.35% daily and over 8% weekly to $0.2651. Still, DOGE remains up more than 23% this month.
Stablecoins Hold Ground
As expected, stablecoins remained steady around the $1 mark. Tether (USDT) held a market cap of $171.52 billion, while USD Coin (USDC) followed at $74.15 billion.
Binance Coin Stands Out
In contrast to broader declines, Binance Coin (BNB) outperformed, rising 0.29% in the last 24 hours and 6.51% over the week. Trading at $994.87, BNB has gained 18.50% this month, securing its spot among the top-performing major altcoins.
