Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $86,000 mark early Tuesdat. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the red across the board, as the overall Market Fear & Greed Index stood at 21 (Fear) out of 100, as per CoinMarketCap data. PIPPIN became the biggest gainer of the lot, with a 24-hour jump of nearly 25 percent. Midnight (NIGHT) became the biggest loser, with a 24-hour dip of nearly 15 percent.
The global crypto market cap stood at $2.93 trillion at the time of writing, registering a 24-hour dip of 4.14 percent.
Bitcoin price stood at $85,758.22, registering a 24-hour dip of 4.20 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.11 lakh.
ETH price stood at $2,927.72, marking a 24-hour loss of 0.16 percent at the time of writing. Ethereum price in India stood at Rs 3.71 lakh.
DOGE registered a 24-hour dip of 5.96 percent, as per CoinMarketCap data, currently priced at $0.1291. Dogecoin price in India stood at Rs 18.25.
Litecoin saw a 24-hour loss of 1.02 percent. At the time of writing, it was trading at $80.53. LTC price in India stood at Rs 8,844.67.
XRP price stood at $2, seeing a 24-hour dip of 1.13 percent. Ripple price in India stood at Rs 232.74.
Solana price stood at $131.52, marking a 24-hour loss of 1.23 percent. SOL price in India stood at Rs 17,927.38.
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Akshat Siddhant, Lead Quant Analyst, Mudrex, told ABP Live, “The crypto market is consolidating, with Bitcoin near $86,000 and Ethereum around $2,950. The pullback has been driven by short-term whale profit-taking of nearly $2.78 billion and rising expectations of a Bank of Japan rate hike, which has pressured risk assets. Despite this, the broader outlook remains constructive. Institutional confidence is evident as Strategy added 10,645 BTC to its treasury, signalling continued accumulation. For now, buyers must defend the $84,000 support zone to prevent further downside. A sustained move above $92,700 would confirm a trend reversal and put Bitcoin back on a bullish path.”
CoinSwitch Markets Desk noted, “BTC’s recent drop was mainly caused by long liquidations. After moving sideways around the $89K-$90K range, BTC broke below support and fell into a high-liquidity zone between $86K and $88K, briefly bottoming near $86K, forcing many leveraged traders to exit their positions. This accelerated the decline and cleared excess leverage from the market. After the flush, selling pressure has eased, but strong resistance remains near $88K-$90K. BTC is currently trading around $87K-$88K, and is likely to trade sideways in the near term rather than bounce sharply. Investors may benefit from managing risk and accumulating gradually instead of reacting emotionally to short-term volatility.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The crypto market remains at a pivotal stage, led by Bitcoin trading below major resistance and keeping sentiment cautious. Until BTC breaks higher, moves across altcoins are likely range-bound. XRP is consolidating around $2.20-$2.40, holding structure but needing a breakout to regain momentum. Solana (SOL) trades near $120-$135, still relatively strong, though rallies face selling pressure unless support firmly holds. Cardano (ADA) lags, hovering around $0.45-$0.55, with limited upside unless trend strength improves. Overall, volatility stays elevated, and Bitcoin’s next decisive move will likely define direction for the entire crypto market.”
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