Amid bullish outlook, Bitcoin (BTC) experienced a slight dip today, trading at approximately $106,870, down nearly 4% from its recent peak above $111,000. Despite this pullback, market analysts remain optimistic, citing strong institutional demand and macroeconomic tailwinds as key drivers.
The overall market sentiment remains cautiously optimistic, with the Fear Greed Index at 73 (Greed), indicating strong investor confidence despite today’s declines. Meanwhile social sentiment on X highlights mixed signals, with Bitcoin’s dip contrasted by XRP’s relative stability and ETH/BTC ratio dynamics suggesting altcoin strength.
Bitcoin pushes back after marking all-time high
Bitcoin recently surged to the all-time high price mark of $111,970 earlier this week, fueled by spot ETF inflows of $2.2 billion over the past 10 trading sessions and growing retail investor interest. Noting this sentiment, experts suggest this dip may be a healthy correction after a rapid rally.
At the time of writing, Bitcoin is trading near $107,237—down 1.82% in the past 24 hours. Over the weekend, its trading volume has also decreased significantly, currently down 32% in the past 24 hours—as per CoinMarketCap data.
Bitcoin Price Down 3% — Source: CoinMarketCap
Ethereum, XRP, and Solana Drops Slightly
Altcoins followed Bitcoin’s lead, with Ethereum (ETH), XRP, and Solana (SOL) each dropping approximately 3% in the past 24 hours. Ethereum is currently priced at $2,498, facing resistance around the $2,500 mark. Analysts note that ETH’s recent rally, partly fueled after the Pectra upgrade, has not dampened long-term bullish sentiment, with its market cap currently sitting at approximately $302 billion.
XRP, trading at $2.29, holds strong despite the dip, with whale accumulation signaling potential for a breakout above its $2.72 resistance level. Similarly, Solana—currently trading at $171, continues to show technical strength, supported by its growing DeFi ecosystem, though it faces minor support at $170. These movements reflect a broader market consolidation after recent gains.
Trending Crypto Today
- B (BUILDon)
- MASK (Mask Network)
- BSW (Biswap)
- KOGE (48 Club Token)
- AUDIO (Audios)
Top Gainers Today
- HYPE (Hyperliquid): +4%
- XMR (Monero): +2%
- UNUS SED LEO (LEO): +1%
- ZEC (Zcash): +1%
- NEXO (Nexo): +1%
Top Losers Today
- BONK (Bonk): -9%
- JUP (Jupiter): -8%
- PENGU (Pudgy Penguin): -8%
- WLD (Worldcoin): -7%
- FLOKI (Floki): -7%
Crypto Market Outlook
As per market data , the global crypto market cap currently stands at approximately $3.37 trillion, down slightly from its weekly high of $3.5 trillion. While Bitcoin and major altcoins dominate, the market’s resilience amid geopolitical and economic shifts points to growing maturity.
