Bitcoin trades near $85,000 while Ethereum, XRP, Solana, BNB, and meme coins see mixed moves

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The cryptocurrency market traded lower today as investors booked profits after a strong rally seen earlier this year. Total crypto market value declined as selling pressure increased across major digital assets. Bitcoin and Ethereum led the pullback, while altcoins also faced mixed movement. Market sentiment turned cautious due to global economic uncertainty and tighter financial conditions, which reduced appetite for high-risk assets such as cryptocurrencies.

Trading activity remained healthy even after short-term weakness, showing that investors are actively reinvesting rather than exiting the market completely.

Bitcoin 

Bitcoin is trading between $85,000 and $86,000 today, falling from its October peak of more than $126,000, as strong profits were taken after months of sharp gains. The rally earlier in the year was supported by institutional interest and optimism around crypto adoption, but recent price action suggests the market is cooling in the short term.

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According to technical indicators, key support lies in the $75,000 zone, which Bitcoin could test if selling pressure continues. On the upside, a move back above $100,000 would likely be interpreted as renewed bullish momentum. 

Ethereum

Ethereum is moving between $2,900 and $3,100, off recent highs set around $3,200. The drop came due to Bitcoin's retreat and reduced activity in decentralized finance. The price action in Ethereum often correlates with the dynamics in network usage, and indeed, the latest figures indicate softer growth of volumes in DeFi compared to the previous months.

Ethereum maintains many long-term benefits related to scaling upgrades and the increasing adoption of layer-2 scaling solutions. 

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XRP 

XRP remained just below the $2.00 level, being highly volatile. There had been a rise in the volume of trade during the recent dips, indicating the involvement of large traders. It has been among the better-performing assets over the past few months, and the present scenario is a case of consolidation.

The regulatory environment is also a significant factor influencing the prospects of XRP. Although there were no major updates on the legal front today, the market community is highly responsive to any news connected with this aspect, which may cause extreme price movements.

Solana, BNB, and Cardano

Solana was trading close to $125 after testing multi-month highs. There has been significant interest in the network this year due to faster transaction times. The current price action is market-driven and does not lead to any network concerns.

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BNB was trading in the high $800s, and its prices were greatly affected by the activity on the Binance exchange.  ADA was trading between $0.40 and $0.45, with stabilization after recent fluctuations. Although there has not been much happening in terms of price movements, developments associated with improvements to the Cardano network are being pursued by the organization.

Dogecoin and Shiba Inu

Meme coins saw mixed movement today. Dogecoin was trading at $0.13, but softened slightly as consumer interest waned. Dogecoin is still highly affected by social and market sentiment.

Shiba Inu was hovering near Rs. 0.00071, also affected by profit-taking. Like Dogecoin, Shiba Inu usually gets into strong trends when activity among retail investors picks up, but generally fails to deliver when the market turns conservative.

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Conclusion

Current crypto market trends display an adjustment phase following strong performance in the initial half of the current year. Market trends of Bitcoin, Ethereum, and other popular alts are showing signs of stabilization as a result of economic uncertainty and changes in regulations affecting the market of digital currencies.