Bitcoin Dips Below $95K, Ethereum Falls Below $2.7K, Global Crypto Market Cap Loses $50B

At 10:29 am IST, Bitcoin decreased by 0.8% to $95,148, while Ethereum fell by 0.6% to $2,678. Over the last 24 hours, the global crypto market capitalization decreased by 1.6%, reaching $3.13 trillion.

As of 10:29 am IST, Bitcoin decreased by 0.8% to $95,148, and Ethereum fell by 0.6% to $2,678. Over the last 24 hours, the global crypto market capitalization decreased by 1.6%, reaching $3.13 trillion.

“Bitcoin is trading around $95,100, showing signs of recovery from a low of $93,380 amid escalating trade tensions. Trump’s proposal to impose reciprocal tariffs on all major U.S. trading partners has instilled caution among investors,” commented Alankar Saxena, CTO and Co-Founder of Mudrex, on the matter.

Crypto Tracker

Other notable altcoins experienced declines, with XRP falling by 4%, Solana decreasing by 4.75%, Dogecoin down by 1.5%, and Cardano losing 7.3%. Chainlink, Stellar, Avalanche, Sui, Toncoin, Hedera, and Shiba Inu also registered declines, with losses ranging from 2% to 6%.

Bitcoin’s market cap decreased over the past 24 hours to $1.886 trillion. Bitcoin’s dominance now sits at 60.36%. During this time, BTC trading volume surged by 48% to $38.9 billion. Meanwhile, stablecoins made up $102.11 billion of this volume, representing 94.18%, according to CoinMarketCap.

Technical Analysis by Sathvik Vishwanath, Co-Founder & CEO, Unocoin

Bitcoin is still consolidating as traders implement a buy-the-dip strategy. Strong support is found in the $88,000 to $90,000 range, with a breakdown below potentially leading to a sharp selloff. If prices rebound from this zone, we can expect further accumulation.

A breakout above the 50-day EMA could indicate an upward trajectory towards $110,000, although surpassing this level to reach $130,000 may be difficult. The market sentiment is being influenced by U.S. crypto regulations and the stringent monetary policies of the Federal Reserve.

Traders are keeping a close watch on key developments that will determine Bitcoin’s next move. For now, the market is in a wait-and-see posture, anticipating clearer signals.