Crypto Price Today: Bitcoin Slips to $111,769, Ethereum Holds $4,112

Bitcoin is currently priced at $111,769, showing a fall of 0.36% from the previous close

The cryptocurrency market has entered one of its most volatile phases in recent months, with significant price swings across major digital assets. From Bitcoin and Ethereum to popular altcoins such as Cardano, XRP, Solana, Dogecoin, and Shiba Inu, the industry is navigating through sharp declines, heavy liquidations, and ongoing regulatory developments. 

The latest market data shows that the total crypto market capitalization has been hit hard, with over $160 billion wiped out in just a few days during the so-called “Red September” crash. More than $1.7 billion in leveraged positions were liquidated, causing heavy pressure on Bitcoin, Ethereum, XRP, and Solana.

Market Overview

Bitcoin is currently priced at $111,769, showing a fall of 0.36% from the previous close. The intraday high touched $113,319, while the lowest point reached $111,370. Ethereum stands at $4,112.61, down 1.38% for the day. It hit a high of $4,224.33 and a low of $4,100.16. Cardano is trading at $0.7984, registering a decline of 2.5%. Its highest value today reached $0.8267, while the lowest slipped to $0.7975. XRP is valued at $2.81, reflecting a decline of 1.40% with highs of $2.89 and lows of $2.81.

BNB is among the few tokens that are holding strong, trading at $1,005.67, up by 2.58%. The token recorded a high of $1,025.21 and a low of $978.49. Solana is priced at $210.42, marking a fall of 2.43%. It touched a high of $220.56 and slipped to a low of $209.91. Dogecoin has moved to $0.23379, down by 2.46%. It has recorded a high of $0.2429 and a low of $0.2332. Shiba Inu is priced at $0.00001201, reflecting a small dip of 0.58%. It touched an intraday high of $0.00001227 and a low of $0.00001198.

Bitcoin Under Pressure

Bitcoin continues to dominate the market narrative. At $111,769, the world’s largest cryptocurrency is struggling to hold critical support levels. Analysts have been closely watching the $111,300 mark, as it represents the average cost basis for many short-term holders. A break below this level could trigger more selling. 

Despite the weakness, some forecasts suggest that Bitcoin may still have the potential to recover towards $120,000 or more if global conditions stabilize and institutional inflows increase. However, macroeconomic factors like a stronger US dollar, uncertainty about interest rate policy, and regulatory pressure remain strong hurdles for Bitcoin’s immediate recovery.

Ethereum and Altcoins Follow

Ethereum, priced at $4,112.61, has been particularly volatile. At the peak of the September crash, the token lost nearly 7.9% in a single day. Ethereum has since tried to regain stability, but resistance at $4,200 remains difficult to overcome. The $4,000 level is now considered a crucial support line. If Ethereum fails to defend this level, deeper corrections could follow. Much like Bitcoin, the decline in Ethereum is partly due to heavy leverage and mass liquidations in futures markets, which accelerated the price drops.

Cardano, trading at $0.7984, is moving in line with broader market weakness. The asset, known for its strong community and focus on smart contract development, has not been in the spotlight recently but still faces strong pressure as speculative altcoins are sold off during market turbulence.

XRP in the Spotlight

XRP has seen significant liquidations during the recent correction. Currently at $2.81, it continues to hover near its intraday lows. Despite the downturn, XRP has managed some rebounds, rising slightly during minor recovery phases. 

Its role in cross-border payments and its mention in discussions about strategic reserves of cryptocurrencies in the United States give XRP unique attention compared to other altcoins. Still, the token remains highly sensitive to market selloffs, and sustaining above the $2.80 mark will be critical for investor confidence.

BNB Shows Resilience

BNB, trading above $1,000, is one of the few major tokens showing relative strength in the current downturn. Rising 2.58% today, BNB has benefited from its central role in the Binance ecosystem, which includes trading, staking, and a wide range of decentralized applications. 

While other assets face sharper declines, the demand for BNB within Binance’s exchange and ecosystem provides more consistent utility. This strength has allowed BNB to remain a top performer during periods of market stress.

Solana Faces Key Tests

Solana, at $210.42, has recently slipped below $220, a level seen as important technical support. Market watchers believe that if Solana manages to regain momentum, it could attempt to reach back to the $230–$240 range. Failure to recover may push it down toward $185 or lower. Solana’s network continues to attract institutional interest, but in the short term, it remains highly vulnerable to broader market weakness.

Dogecoin and Meme Tokens

Dogecoin, currently priced at $0.23379, has been making headlines beyond its price movements. The launch of the first US spot Dogecoin ETF, under the ticker DOJE, has given the token new visibility. Grayscale is also reportedly working on listing its own Dogecoin ETF. Despite these positive developments, Dogecoin remains under selling pressure, with resistance near $0.285 and support around $0.24. Its movement continues to be driven by sentiment, news, and community support rather than fundamentals.

Shiba Inu, trading at $0.00001201, reflects similar behavior. As a meme coin, it relies heavily on community enthusiasm and speculative trading. While the declines are relatively small compared to other tokens, Shiba Inu remains tied to the fortunes of meme culture and retail investor sentiment.

Tether’s Bold Move

Amid market turbulence, Tether, the world’s largest stablecoin issuer, has been preparing an ambitious fundraising of between $15 billion and $20 billion. This round could value the company at $500 billion, underscoring the importance of stablecoins in global finance. With stablecoins like USDT playing a central role in providing liquidity across exchanges, Tether’s expansion plans signal growing demand and influence in the crypto sector.

Regulatory and Institutional Developments

Regulators and institutions are shaping the future of crypto markets. The UK Financial Conduct Authority has taken steps to speed up its approval process for crypto companies, reducing delays and opening doors for faster compliance. 

Nasdaq is also pushing ahead with plans to launch trading for tokenized securities, which could bridge the gap between traditional finance and digital assets. Meanwhile, academic research continues to refine models for predicting crypto volatility, with new approaches like the SA-Log-HAR model providing better insights into risk spillovers across tokens.

Strategic Reserves and Global Impact

The idea of a US strategic cryptocurrency reserve has resurfaced, with suggestions that assets like Bitcoin, Ethereum, Solana, Cardano, and XRP could be included in a digital asset stockpile. While still a proposal, such a move highlights how governments are beginning to view digital assets as strategic resources. If adopted, this approach could influence market demand and give further legitimacy to cryptocurrencies as part of national reserves.

The Road Ahead

The overall sentiment in the crypto market remains cautious. Key levels such as Bitcoin’s $111,300 and Ethereum’s $4,000 are critical to watch. Altcoins face additional risk, with Solana, Cardano, and XRP at sensitive points. Macroeconomic policies, central bank decisions, and the strength of the US dollar will continue to influence the market’s direction. At the same time, regulatory clarity and institutional adoption through ETFs and tokenization may offer long-term support.

Despite the current downturn, many analysts see this correction as a period of healthy consolidation. Reduced leverage and stronger foundations could prepare the market for the next phase of growth once global conditions stabilize. With strategic reserves under discussion, new institutional products emerging, and major companies like Tether preparing for expansion, the long-term outlook for crypto remains promising even in the face of short-term volatility.