The global cryptocurrency market saw mixed trading today with major altcoins witnessing price declines even as Bitcoin and Ethereum hovered in a narrow range. Traders appeared cautious amid broader market volatility, with selective tokens rallying on project-specific triggers.
Bitcoin holds above $94,600 despite mild decline
Bitcoin (BTC), the world’s largest cryptocurrency by market cap, was trading at $94,604.62, registering a marginal 0.46% drop in the last 24 hours. The daily trading volume stood at $27.99 billion, while Bitcoin’s market capitalization remained robust at $1.87 trillion.
Ethereum gains slightly; Tether, USDC hold steady
Ethereum (ETH) managed a modest recovery, gaining 0.17% to reach $1,801.78, supported by stable network demand and improving on-chain activity.
Stablecoins Tether (USDT) and USD Coin (USDC) remained flat at $0.9998 and $0.9997 respectively, underscoring market participants’ defensive positioning.
Altcoins under pressure; XRP drops 2.75%, Solana down 1.69%
Several top altcoins were in the red:
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XRP fell sharply by 2.75% to $2.24, making it one of the worst performers among the top 10 by market cap.
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Solana (SOL) slipped 1.69% to $145.66, with its 24-hour volume at $2.88 billion.
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BNB also dropped 0.71% to $601.30, while Cardano (ADA) slid 1.25% to $0.6967.
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Dogecoin (DOGE) lost 2.51%, trading at $0.17486, extending its recent weakness.
Top gainers: SIGN and INIT surge over 26%
Among the lesser-known cryptos, some tokens posted strong double-digit gains:
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SIGN led the market with a 26.63% surge, trading at $0.0944.
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INIT was up 26.33% to $0.8487, followed by PUNDIX (+20.43%) and REZ (+17.39%).
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Other gainers included COOKIE (+14.31%), CTK (+13.34%), and BMT (+9.15%).
Top losers: VIB and WING plunge over 17%
On the downside, high volatility gripped several small-cap tokens:
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VIB plunged 18.66% to $0.01404, becoming the worst-performing coin of the day.
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WING dropped 17.65%, while BROCCOLI714 and BSW declined 11.36% and 10.66%, respectively.
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Other notable losers included TRUMP (-9.81%), IOTA (-8.85%), and HIFI (-8.31%).
Market outlook
Despite mixed performance in top cryptocurrencies, broader altcoin action suggests ongoing investor interest in emerging and speculative assets. However, downside pressure in prominent names like XRP, DOGE, and SOL may weigh on overall market sentiment in the near term.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
