Crypto Market Overview
Cryptocurrency markets traded largely steady, with Bitcoin consolidating near $89,600 and Ethereum posting modest gains, while select altcoins faced selling pressure.
Bitcoin (BTC) was last trading at around $89,614, remaining largely unchanged on the day. Despite limited price movement, Bitcoin continued to dominate the market with a total market capitalisation of approximately $1.79 trillion and 24-hour trading volume exceeding $37.5 billion.
Ethereum (ETH) edged higher by about 0.2% to trade near $2,958, supported by steady demand across the broader decentralised finance ecosystem. Ethereum’s market capitalisation stood close to $357 billion, with over $21.8 billion in daily trading volume.
Among major altcoins, BNB rose 0.3%, while XRP gained around 0.6%, showing mild positive momentum. Solana (SOL) slipped nearly 0.5%, reflecting selective profit-taking.
TRON (TRX) emerged as one of the session’s weaker performers, falling more than 3.6%, while Wrapped TRON also declined over 3%. Dogecoin and Bitcoin Cash traded lower, posting modest losses.
Stablecoins Tether (USDT) and USD Coin (USDC) remained pegged near the dollar, continuing to account for a significant share of overall crypto trading volumes.
Market Takeaway
Overall, the crypto market showed a consolidative trend, with Bitcoin and Ethereum holding firm, stablecoins dominating volumes, and selective weakness across mid-cap altcoins.
