TL;DR
- Bitcoin Resistance: BTC faced rejection at $90K once again, slipping back to around $87,000. With a $1.73T market cap and $38.6B daily trading volume.
- Altcoin Sentiment: Ethereum at $2,850 and Solana at $123 show resilience, while XRP, Dogecoin, and Cardano hold steady. Yet, the overall crypto market cap of $2.94T reflects cautious investor positioning.
- HYPE Decline: Hyperliquid’s HYPE token dropped 10%, now $24.44 with a $9.05B market cap. Down sharply from its $59.39 September peak.
Bitcoin’s latest rally hit a wall at $90,000, underscoring the market’s fragile momentum as traders brace for heightened volatility. The rejection at this psychological threshold has reignited caution, while altcoins like Hyperliquid’s HYPE token continue to struggle, reflecting broader investor unease.
Bitcoin’s Struggle at $90K
Bitcoin surged toward $90,000 but faced firm resistance, triggering a pullback that rattled sentiment. The asset currently trades at around $87,000, with a market cap of $1.73 trillion and daily volume exceeding $38.6 billion. This rejection highlights the difficulty of sustaining upward momentum amid macroeconomic uncertainty and profit-taking pressures. Analysts note that repeated failures at this level could cement $90,000 as a formidable barrier, shaping near-term trading strategies.
Altcoin Market Reaction
Ethereum, priced at $2,850 with a $353 billion market cap, showed resilience, but other altcoins mirrored Bitcoin’s hesitation. Solana climbed modestly to $123, while XRP held at $1.87. Dogecoin and Cardano posted minor gains, yet overall sentiment remained cautious. The broader crypto market cap stands at $2.94 trillion, reflecting only a slight daily increase, suggesting investors are reluctant to commit heavily until Bitcoin breaks decisively above resistance.
HYPE Token Under Pressure
Hyperliquid’s HYPE token has endured sharp declines, falling another 10% from recent highs. Currently priced at $24.44 with a market capitalization of $9.05 billion, HYPE has lost more than half its value since peaking at $59.39 in September 2025. Despite its innovative Layer 1 blockchain and zero gas fee perpetual exchange, traders remain wary amid broader risk-off sentiment. The token’s 24-hour volume of $351 million underscores active trading, but the downward trajectory reflects skepticism about short-term recovery.
Outlook for Traders
Market watchers emphasize that Bitcoin’s repeated rejection at $90,000 could dictate the tone for the coming weeks. If bulls fail to reclaim momentum, altcoins like HYPE may face further downside. Conversely, a breakout above resistance could reignite optimism across the sector. For now, volatility remains the defining feature, with investors striking a balance between long-term conviction and immediate caution.
