Crypto Price Today: Bitcoin Slips to $112,000, XRP Holds at $2.85

Global crypto market cap now stands at $3.97 trillion, showing sharp volatility

The cryptocurrency market has turned volatile once again. After enjoying strong gains earlier this month, most major coins are now in the red. Global crypto market capitalization has slipped to about $3.97 trillion, showing a decline of nearly 2 to 4 percent in the last 24 hours. Trading volumes are still high, meaning that investors are actively moving funds despite falling prices. The market is being pulled down by macroeconomic concerns, leveraged trading positions getting liquidated, and fresh regulatory headlines.

Bitcoin (BTC)

Bitcoin remains the leader of the market, trading around $112,025 to $112,200. In the past 24 hours, it has dropped about 2 to 3 percent. Just a few days ago, it was testing levels close to $117,000, but heavy resistance above $115,500 has forced it down. 

Analysts believe that if Bitcoin fails to hold above $110,000, it may test lower support zones around $105,000. The recent price action has been tied to profit-taking, interest rate pressures, and the liquidation of leveraged bets.

Ethereum (ETH)

Ethereum is currently valued at $4,160 to $4,190. It has lost about 5 to 7 percent in a single day, showing sharper weakness than Bitcoin. Support around $4,000 is being tested, and resistance levels are seen near $4,300 to $4,500. Despite the fall, long-term optimism around Ethereum remains high because of its upcoming Fusaka upgrade. This upgrade is expected to improve scalability and reduce gas costs, which could boost activity on the network in the months ahead.

Solana (SOL)

Solana has also faced selling pressure, trading near $214.50. The coin has been among the largest percentage losers alongside Ethereum. Market watchers believe that Solana needs to maintain levels above $200 to avoid further downside. On the positive side, Solana continues to attract strong developer and DeFi interest due to its speed and scalability. If overall market sentiment improves, Solana is likely to recover quickly because of these strong fundamentals.

Ripple (XRP)

Ripple’s XRP token is trading around $2.84 to $2.85. The fall has been modest compared to Ethereum or Solana. Recent gains in XRP are under pressure, but the token continues to draw interest from institutions for cross-border payments. The promise of faster and cheaper global transactions keeps XRP relevant in the long term, even though the broader market is weak.

Binance Coin (BNB)

BNB, the native token of Binance, is currently priced in the range of $977 to $1,030, with some estimates putting it even higher, around $1,076. Its price has been more volatile, showing both small gains and losses depending on the time of reporting. The value of BNB is closely linked to the performance of Binance as a platform. However, regulatory pressure on exchanges continues to weigh heavily, making BNB a riskier asset in comparison to some of the other large-cap coins.

Dogecoin (DOGE)

Dogecoin is trading near $0.2390. It has slipped around 3 to 5 percent over the past day. Like other meme coins, Dogecoin’s movements are highly sensitive to hype and retail sentiment rather than real-world utility. While it often reacts sharply to social media trends, its long-term performance remains tied to investor appetite for risk. In weak markets, Dogecoin tends to underperform.

Shiba Inu (SHIB)

Shiba Inu is currently valued at about $0.00001246. It has faced sharp losses in recent days as meme coins broadly lose momentum. Trading volumes have been falling, showing that retail excitement around SHIB is cooling. Unless a new catalyst emerges, such as a fresh use case or marketing push, the token may remain under pressure. The lack of strong fundamentals makes it less attractive compared to platform-based cryptocurrencies.

Cardano (ADA)

Cardano is priced between $0.8167 and $0.90, depending on the source. The token has dropped several percent in the last day and more over the week. Support zones are being tested, while institutional inflows into ADA are still reported in some markets. Cardano’s ecosystem, which focuses on smart contracts and decentralized applications, holds long-term potential. However, execution speed and adoption levels will determine whether ADA can rally strongly in the coming months.

What Is Driving the Market

The biggest factor shaping today’s crypto prices is global monetary policy. The U.S. Federal Reserve recently cut interest rates, which many believed would boost cryptocurrencies. Instead, the move triggered liquidation of leveraged positions worth over a billion dollars. Traders who were betting on sharp gains have been forced to close positions, sending prices lower.

Regulation is another key driver. In India, authorities remain cautious and are resisting a full framework for cryptocurrencies because of systemic risk concerns. On the other hand, Bahrain is introducing new laws to regulate Bitcoin and stablecoins, aiming to make crypto trading safer. The United Arab Emirates has also brought in new tax rules under the Crypto-Asset Reporting Framework, signaling tighter oversight and compliance with global standards.

Ecosystem developments also matter. Ethereum’s Fusaka upgrade is being closely watched as a possible catalyst for renewed growth. Projects like Remittix, which recently launched cross-chain wallet features, are gaining attention as investors seek coins with practical utility. Meme coins, however, are fading in popularity since their rallies have proven short-lived in a weak macro climate.

Technical Levels to Watch

Bitcoin is facing resistance around $115,500 to $117,500 and support near $105,000 to $110,000. Ethereum must hold above $4,000 to avoid testing lower levels. Solana’s key level is $200, while XRP will look stronger if it remains above $2.80. Binance Coin is vulnerable to regulatory news, and both Dogecoin and Shiba Inu are at risk of further declines if market sentiment worsens. Cardano’s performance will largely depend on whether it can stay above $0.80 and attract more ecosystem growth.

Risks and Possible Catalysts

The risks for cryptocurrencies remain significant. Any unexpected tightening of monetary policy, a strong regulatory clampdown in key markets, or a major security breach could drive prices sharply lower. Overvaluation concerns also hang over the market after the strong rallies earlier in the year.

On the other hand, positive triggers could come from regulatory clarity, successful implementation of blockchain upgrades, stronger institutional investment flows, and improved global economic conditions. If inflation eases and interest rates fall further, cryptocurrencies could regain momentum as alternative assets.

Final Thoughts

The crypto market today is caught between optimism for long-term growth and the reality of short-term volatility. Prices for Bitcoin, Ethereum, Solana, Ripple, Binance Coin, Dogecoin, Shiba Inu, and Cardano have all slipped, but strong developer activity, institutional interest, and upcoming upgrades keep the long-term narrative alive. For now, the market remains fragile, and its next big move will likely be dictated by global economic policy and regulatory actions.