Crypto Price Today: Bitcoin Below $88,000; Solana Slides to $122

Selling pressure has been visible across major digital assets, leading to modest declines in prices

The cryptocurrency market is trading lower today as investors remain cautious amid global economic uncertainty. The total crypto market capitalization is hovering in the $2.9–3.1 trillion range, while daily trading volume stands near $100–110 billion. Selling pressure has been visible across major digital assets, leading to modest declines in prices. Bitcoin dominance remains strong at above 55%, showing that capital is still concentrated in leading assets during uncertain periods.

Liquidations across derivatives markets have crossed $250 million in the last 24 hours, reflecting high volatility and leveraged positions being wiped out as prices pull back. This environment suggests short-term caution while long-term fundamentals continue to develop.

Bitcoin (BTC)

Bitcoin is trading near $87,269, down around 1.07% on the day. The price has moved between an intraday high of $88,246 and a low of $86,684. Recent selling pressure has emerged as traders react to macroeconomic uncertainty and profit booking after strong earlier gains.

Despite short-term weakness, Bitcoin remains the most dominant asset in the crypto market. Institutional participation has increased significantly since the approval of spot Bitcoin ETFs, strengthening long-term confidence. However, short-term price action continues to react sharply to economic data, interest rate expectations, and global risk sentiment.

Ethereum (ETH)

Ethereum is trading close to $2,944, down nearly 1.65%. The trading range for ETH today is between $2,993 and $2,907.  Ethereum is holding firm thanks to strong fundamentals such as decentralized finance, smart contracts, and a demand to stake on Ethereum itself. Although the market price is under pressure now, the overall performance is healthy, thus sustaining Ethereum as a basis for numerous blockchain solutions.

XRP

XRP price is trading near $1.86 at press time, down by nearly 1.6% in the past 24 hours. The token remains in a tight range, with an intraday high of $1.90 and an intraday low of $1.85.

Market sentiments about XRP are a mixed bag. Market trends and developments related to global payment systems affect the price. XRP has maintained its stature as a top cryptocurrency despite a lack of short-term progress.

Binance Coin (BNB)

BNB price is currently $840. This represents a decline of about 1.9%. The trading levels of the day have been within $856-$836. BNB prices are usually associated with the activities of the Binance ecosystem.

Yet even in the current correction, BNB is one of the most resilient utility tokens in the market today due to the incentives of discounts on transaction fees and the ability to stake.

Solana (SOL)

Solana is now trading at $122, down close to 2.9% on today’s market. The price has ranged between $125.85 and $121.75.

Solana is still recognized by its fast transaction times and cheaper fees. Even though market sentiment is not very strong, leading to poor pricing performance, interest in Solana’s DeFi sector, DeFi applications, as well as non-fungible tokens is still intact.

Dogecoin (DOGE)

Dogecoin is currently trading around $0.128, lower by about 3.5% in the past 24 hours. The token touched an all-time high of $0.1328 and slid to an all-time low of $0.1275.

Dogecoin price is heavily dependent on the market sentiment. In risk-off environments, meme cryptocurrencies tend to experience steeper declines than major cryptocurrencies. Yet, the Dogecoin network has managed to retain considerable brand recognition and community interest.

Cardano (ADA)

At the time of writing, Cardano is trading around $0.36, down by approximately 2.2% in the current trading day.  This development-oriented strategy pursued by ADA has ensured the continued backing of the community, although momentum purchases are lacking within the market conditions. A lack of volatility and speculation has ensured that the price of ADA has remained range-bound.

Shiba Inu (SHIB)

Shiba Inu is trading near $0.00000702 at press time, down by around 2.1%. It has been unable to move past its levels of resistance.

Shiba Inu is generally very sensitive to changes in meme coin market sentiment and liquidity dynamics. Although it has an active base, it has been facing competition from new tokens, thus affecting its momentum.

Overall Market Sentiment

The broader cryptocurrency market is cautious at this point, with fear-based market sentiment being the most prominent factor in the short term. Market participants are monitoring economic data and overall financial trends, which remain influential in risk assets such as cryptocurrencies at this point in time. 

Although prices are experiencing pressure currently, long-term progress in the prominent blockchain networks also continues at this point.