The cryptocurrency market experienced a sharp downturn within the last 24 hours, with significant selling pressure impacting leading digital assets. Bitcoin (BTC) retreated to $92,531.79 after a recent attempt to reach higher price levels. Ethereum (ETH) also moved lower, settling at $3,195.15 as selling pressure intensified across large-cap cryptocurrencies. Elevated trading volumes during this period indicated short-term repositioning by traders.
XRP declined to $1.96, reversing some of its recent gains as buying momentum waned, mirroring the broader market trend. BNB fell to $924.59 amid decreasing demand for exchange-related tokens, though its price action remained relatively orderly due to controlled profit-taking. Solana (SOL) dropped to $133.16, extending its losses following a period of strong performance as traders sought to lock in profits from the prior rally.
TRON (TRX) slipped to $0.3177, recording a more modest decline compared to its peers, as consistent transaction activity helped to limit downside pressure. Dogecoin (DOGE) declined to $0.1268 as speculative interest cooled, with lower trading volumes reflecting a reduced appetite for short-term risk. Cardano (ADA) fell to $0.3622, aligning with the general weakness observed across layer-one networks, signaling caution due to subdued trading activity.
Market Weakness Contrasts with Selective Gains in Smaller Tokens
Despite the broad decline in major cryptocurrencies, several mid-cap and small-cap tokens managed to post gains. This suggests a selective rotation of capital rather than a widespread sell-off across the entire market. DUSK (DUSK) surged to $0.302, marking the most significant percentage gain among notable movers, supported by strong trading volume. Surge (SURGE) climbed to $0.1398 as buyers maintained upward pressure, while Secret (SCRT) advanced to $0.178, moving against the prevailing market trend.
Mind Network (FHE) rose to $0.1861, driven by increased speculative participation. BORA (BORA) traded at $0.05639 and managed to hold its gains. Decred (DCR) increased to $25.29 as interest returned to privacy-focused assets, while Resolv (RESOLV) reached $0.08962 with steady trading volume.
Overall Market Sentiment and Outlook
The overall market capitalization experienced a decline, with losses in major assets outweighing the gains in smaller tokens. This trend reinforced a cautious market tone, largely driven by profit-taking activities. Liquidity remained concentrated in high-volume assets, which helped to stabilize prices and prevent disorderly movements despite increased volatility.
Traders are closely monitoring technical levels across Bitcoin, Ethereum, and XRP, with a continued focus on volume trends and shifts in market sentiment. The 24-hour downturn has solidified a risk-off mood within the leading cryptocurrencies, while the selective strength observed in smaller tokens indicates asset rotation rather than panic selling.