Bitcoin (BTC) Holds Above US$94,600 as Major Altcoins Extend Losses

The global cryptocurrency market saw mixed movement on Tuesday, with Bitcoin holding steady above US$94,600 while major altcoins such as XRP and Dogecoin extended their losses.

The global cryptocurrency market saw mixed movement on Tuesday, with Bitcoin holding steady above US$94,600 while major altcoins such as XRP and Dogecoin extended their losses. Investor sentiment appeared cautious amid broader market volatility, although several smaller-cap tokens posted strong gains driven by project-specific catalysts.

Among the top cryptocurrencies, Bitcoin (BTC) showed slight weakness, dropping 0.46% over the last 24 hours to trade at US$94,604.62. Despite this setback, Bitcoin managed to maintain a significant portion of its market capitalisation, currently valued at US$1.87 trillion. The world’s largest cryptocurrency also saw active trading volumes with US$27.99 billion changing hands in the last 24 hours.

Ethereum (ETH) displayed a sliver of resilience with a 0.17% uptick, taking it to US$1,801.78. This resilience could be attributed to consistent network usage and improving on-chain activity on the Ethereum network. Meanwhile, stablecoins remained largely stable with Tether (USDT) sliding minimally to US$0.9998, and USD Coin (USDC) also saw a slight decrease, trading at US$0.9997.

Among the top altcoins, a few tokens extended their losses. XRP led the way with a 2.75% downturn, trading at US$2.24. Close behind was Dogecoin (DOGE) which dropped 2.51% to reach US$0.17486.

Solana (SOL) slid 1.69% to US$145.66, with a 24-hour trading volume of US$2.88 billion. Cardano (ADA) saw a smaller decline of 1.25%, sliding to US$0.6967. BNB also joined the ranks of losing tokens, dropping 0.71% to trade at US$601.30.

However, despite the pressure on major altcoins, a number of speculative tokens managed to surge. Among the top gainers was SIGN, which jumped 26.63% to trade at US$0.0944. Close behind was INIT which climbed 26.33% to reach US$0.8487. Other notable gainers included PUNDIX (+20.43%), REZ (+17.39%), COOKIE (+14.31%), CTK (+13.34%), and BMT (+9.15%).

On the flip side, volatility gripped several smaller cryptocurrencies. Among the worst performers was VIB, which plunged 18.66% to trade at US$0.01404. Following closely was WING which slid 17.65%, and BROCCOLI714 which fell 11.36%. BSW also joined the ranks of triple-digit losers, dropping 10.66%. Other significant decliners included TRUMP (-9.81%), IOTA (-8.85%), and HIFI (-8.31%).

Overall, the global cryptocurrency market saw mixed movement with Bitcoin holding steady above US$94,600 while major altcoins extended their losses. Investor sentiment appeared cautious amid broader market volatility, although several smaller-cap tokens posted strong gains driven by project-specific catalysts.