TL;DR
- Bitcoin remains just below the $95,000 mark despite bullish attempts and growing interest in ETFs.
- Leading altcoins, including Ethereum, XRP, and Dogecoin, show moderate losses over the last 24 hours.
- Despite the correction, the total crypto market cap remains above $3 trillion, signaling long-term strength in the sector.
The cryptocurrency market continues its consolidation phase, with Bitcoin (BTC) struggling to break decisively above the psychological barrier of $95,000. Over the last 24 hours, BTC has fluctuated around $94,989.95, posting a slight increase of +0.13%, without showing any clear signs of a bullish breakout or a major pullback.
The leading crypto asset recently peaked just below $96,000, its highest level in the past two months. Since then, however, it has lacked momentum, hovering well above the $90,000 mark, which now serves as a key support level. Buyer pressure has remained steady, largely fueled by ongoing capital inflows into Bitcoin exchange-traded funds (ETFs), a trend that underscores the strong institutional confidence in digital assets.
Altcoins Pull Back But Show Overall Resilience
While Bitcoin holds its ground, altcoins reflect a mild downturn during the latest session. Ethereum (ETH) is down 0.96%, trading at $1,809.41, while XRP leads the losses among major coins, falling 2.39% to $2.23. Dogecoin (DOGE), Cardano (ADA), and Tron (TRX) also reported moderate declines ranging between 0.90% and 1.80%.
Despite the short-term setbacks, the overall sentiment in the crypto ecosystem remains optimistic. Solana (SOL) is relatively stable at $147.62 (-0.44%) and BNB holds strong around $601.46 (-0.34%), indicating that selling pressure is under control and there is no sign of panic selling across the board.
Bitcoin Maintains Market Leadership and Sets the Tone for the Sector
Currently, Bitcoin’s market dominance stands above 61%, underscoring its role as the benchmark asset. The total market capitalization has dipped slightly from $3.080 trillion to $3.065 trillion, a marginal drop considering the recent price volatility.
This consolidation period is seen as a healthy pause before a potential new upward leg. Historically, such sideways movements in BTC have often preceded major rallies. Moreover, the maturing market structure, bolstered by institutional adoption and continuous tech innovation, reinforces a long-term bullish outlook.
Although Bitcoin hasn’t managed to breach the $95,000 level yet, investors are closely monitoring its behavior, aware that this period of stagnation could be the prelude to a major breakout.
