The global crypto market cap fell to $3.29T, down 2.24%, with trading volume slipping by over 22%.
The global crypto market cap has decreased by 2.24% to $3.29 trillion, with 24-hour trading volume slipping over 22%.
Bitcoin (BTC) price is down 1.65% since yesterday, now trading at $102,3098.18. BTC’s market cap now stands at $2.03T, while trading volume has slid by 11.28% to $44.85B.
In terms of today’s price bandwidth, BTC briefly touched a daily low of $101,540.87 and hit a high of $104,303.57.
Immediately, Bitcoin faces resistance at $105,000, and if bulls mark that level, it could make another attempt at the psychological resistance at $110,000. On the flip side, support at $101,000 is critical, a break below this could hammer the price toward the $100,000 level.
Ethereum price has slipped back 2.44% since yesterday to $2,556.63, with a steep drop of 38.89% in intraday volume now at $23.47B. ETH’s market cap has slipped to $308.88B.
ETH found support at $2,517.25, while facing resistance near $2,645.07. The RSI sits in the overbought territory, yet indicates that bullish momentum remains intact for now. Should ETH bounce off its 200-day EMA at $2,431, it may rally again toward the $2,645.07 resistance, after encountering one at $2,517.25. And possibly retest $3,000, a major psychological hurdle. However, a daily close below the 200-day EMA could open doors for a retreat toward $2,000 support.
XRP is currently trading at $2.47, down sharply by 5.72%, with market cap and volume both reflecting bearish pressure. The coin hit a low of $2.45 and was capped at a high of $2.62 in the last 24 hours.
Technicals show XRP facing immediate resistance at $2.50, and a break above could fuel a push toward the $3 psychological level. However, any deeper correction may drag XRP down to its 50-day EMA around the $2.20 support level, which could serve as a make-or-break zone.
