Bitcoin fell to $102,608 in the latest session, marking a 0.9 percent decline. The drop sent a signal through the market, reinforcing the return of short-term caution among investors after a strong rally.
Ethereum dropped 4.5 percent to settle at $2,388.37, trimming its weekly gain to 5 percent and suggesting that traders are now taking some profits after the recent rises.
The decline in Solana was steeper than for other leading coins, going down by 5.2% to $160.79. Despite maintaining an 8.5 percent gain over the week, the current downturn points to growing volatility in the altcoin sector.
BNB experienced a decline of 1.0 percent to end the day at $638.09, with the market now putting pressure on the token despite its earlier show of strength as traders’ attitudes shift. The daily trading volume is over $1 billion, yet the prices are seeing more selling pressure.
Also Read: Here’s Why XRP Is Becoming More Attractive to Institutions
XRP dropped 3.2 percent and closed the day at $2.31. The fall wiped out part of its most recent gains, making people uncertain about what would happen shortly. It has a market cap of over $135 billion.
Altcoin Gains Provide Temporary Relief
The overall cryptocurrency market capitalization has reached $3.35 trillion, though the mood remains mixed. With a daily trading volume of $145 billion, activity levels are still high, but investor confidence appears to be faltering.
Amid the broader decline, some smaller altcoins managed to post notable gains. Collaterize jumped 85.6 percent to $0.04951, supported by rising interest among retail traders. Keeta climbed 22.5 percent, reaching $0.6144 with a substantial trading volume.
Web3Shot rose by 40.1 percent to $3.18 despite fewer transactions than the previous day. With a gain of 20.5 percent, Propy reached $0.959, pushing further up after the previous day’s trend.
Some investors are opting for smaller and lesser-known cryptocurrencies. This is common during corrections in major asset prices.
A fall in Bitcoin below the $103,000 mark led to losses in the prices of popular cryptocurrencies. With Solana, BNB, Ethereum, and XRP all in decline, the market faces renewed pressure as short-term bearish sentiment takes hold.
Also Read: XRP $589 Price Gains Traction Following Recent Ripple-SEC Case Document
