The cryptocurrency market has witnessed a fresh wave of selling pressure today, with the global crypto market declining by 1.1%. The total market capitalization of all crypto assets currently stands at a substantial $3.95 trillion, reflecting the broad impact of recent sentiment. Notably, about 90 of the top 100 coins registered losses in the last 24 hours, underscoring how the correction is affecting nearly the entire market spectrum.
Bitcoin, the industry leader, slipped by 1.2% to trade at ₹114,289. This movement occurs amid moderate trading activity, particularly in light of evolving macroeconomic factors and ongoing regulatory discussions in major economies. Ethereum, the second-largest cryptocurrency, fell 2.1% and is currently valued at ₹4,120. Such price actions follow several days of cautious optimism after last week’s positive inflows into spot ETFs, particularly in the US market.
Despite the prevailing market softness, institutional interest remains resilient. Spot Bitcoin and Ethereum ETFs continue to attract inflows, reinforcing the belief that core crypto assets remain attractive long-term holdings for larger investors. While this hasn’t been enough to stem the decline in prices today, many analysts believe these inflows are a signal of foundational strength in the asset class—potentially setting the stage for future rallies when market conditions improve.
Market sentiment, however, is hesitant. As global financial markets digest recent macroeconomic developments, crypto investors appear content to wait and watch rather than load up on new risk. Leading market strategists expect Bitcoin to remain range-bound for the near term, with a decisive move likely only if demand strengthens or broader economic confidence improves. This range-bound action has also contributed to lower volatility, making short-term trading strategies less attractive.
Trading volumes today have been significant, reaching $156 billion in the last 24 hours. This level of activity is a clear indicator that, even during a correction, there is active participation—and perhaps positioning for a rebound once news flow or sentiment shifts.
In summary, while most cryptocurrencies are facing a downturn today, the market is demonstrating resilience through robust ETF inflows and sustained trading volumes. Investors and traders are watching closely for the next trigger—be it regulatory, macroeconomic, or technological—that could provide fresh direction for prices. For those with a long-term outlook, this phase may present accumulation opportunities as foundational interest in crypto remains steady.
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