- Bitcoin and Ethereum lead 24-hour market decline amid profit-taking.
- Major cryptocurrencies slip slightly as investors consolidate recent gains.
- Altcoins and staking tokens retreat, signaling mild crypto market correction.
The cryptocurrency market faced a slight pullback in the past 24 hours, with major assets recording mild declines. Bitcoin (BTC) dropped 3.1% to $101,797, as traders appeared to take profits following its surge above the $100,000 mark. Despite the decline, Bitcoin’s market capitalization remained above $2 trillion, showing continued resilience in investor confidence.
Ethereum (ETH) also fell 5.7% to $3,331.22, reflecting reduced buying pressure after several days of gains. Analysts attribute the correction to short-term profit-taking, although Ethereum’s network activity continues to remain steady.
XRP retreated 2.1% to $2.24, mirroring the broader market trend. The token’s recent gains slowed as traders shifted focus to high-volatility altcoins. Similarly, Dogecoin (DOGE) slipped 0.3% to $0.1649, reflecting a temporary loss of momentum among meme coins.
Also Read: Bitcoin Faces Steep Decline as Key Support Zones Come Under Pressure
Altcoins Face Market-Wide Correction
Among the leading altcoins, BNB declined 2.3% to $945.15, cooling off after a strong performance earlier in the week. Cardano (ADA) dropped 2.1% to $0.533, while Solana (SOL) recorded a 1.5% loss, trading at $157.25. The declines suggest a short-term correction phase as investors consolidate recent profits.
In the staking category, Lido Staked Ether (STETH) slipped 6.2% to $3,324.64, while Wrapped stETH (WSTETH) declined 5.5% to $4,038.51. Despite the drop, both assets remain among the top performers over the past week, reflecting sustained demand for liquid staking options.
Top Gainers Defy Broader Market Trend
While most large-cap cryptocurrencies experienced slight declines, smaller tokens outperformed the market. Momentum (MMT) led with a 340.1% surge to $1.50, followed by Giggle Fund (GIGGLE), which jumped 160.1% to $123.94. 1 Coin Can Change Your Life climbed 107.9% to $0.02942, driven by speculative trading activity.
Other notable gainers include DeAgentAI (AIA), up 83% to $2.23, and Nano (XNO), which rose 77.5% to $1.09. Anvil (ANVL) also posted a 74.2% increase, highlighting ongoing volatility among low-cap assets.
The 24-hour market movement indicates a brief cooling period after consecutive sessions of gains. Analysts note that such corrections are typical following strong rallies, and the broader sentiment across the digital asset market remains cautiously optimistic.
Also Read: Bitcoin’s Next Bull Run Could Be Fueled by ‘Invisible QE,’ Not the Halving!
