The crypto market shows mixed signals today: Bitcoin holds at $103K while most altcoins, including Ethereum, are down.
Ethereum Drops 5%
Ethereum is currently trading around $2,485, down 5.25% from its daily high. Analysts attribute the drop to profit-taking after a recent rally and uncertainty surrounding macroeconomic factors, including anticipation of upcoming U.S. Federal Reserve policies.
Declines in Solana, XRP, and Cardano
Solana (SOL) fell to approximately $165, down 3% in the last 24 hours. XRP is trading at roughly $2.35, seeing a 3% decline, while Cardano (ADA) mirrors the downtrend, priced around $0.76 and dropping 2.5%. The decline in these altcoins continues amidst waning investor sentiment despite recent ecosystem advancements.
Market Trends Today
Currently, none of the major crypto assets have gained notably. CORE leads with a decent 3% gain, while the top loser is Pi Coin, which has declined 21%. According to CoinMarketCap, the global crypto market cap today sits at $3.27 trillion.
The crypto market continues to display uncertainty, yet long-term optimism for altcoins remains amid growing institutional adoption and technological advancements.
