After a strong meeting, the crypto market finally cools down. In the last 24 hours, market capitalization has gone out of 2.43%, now at $ 3.35 trillion. At the same time, the trading activity was picked up, with volumes that jumped to $ 184.7 billion while traders hurried to respond to the latest market movements.
Possible reasons behind the dip today
Macro -economic factors:
The market sentiment was hit on the macro side after a second American court blocked the proposed rates of President Trump. In addition, Finance Minister Bessent confirmed that trade interviews with China have stalled – adding uncertainty to the world markets, including crypto.
Fear & Greed Index Signals ‘Greed’ on 61:
The Crypto Fear & Greed Index remains 61 (greed). Historically, markets tend to cool off after prolonged periods of greed-powered rallies, and today’s fall fits that pattern.
Bitcoin’s short -term weakness:
Bitcoin, the market leader, has fallen to a low point of nine days of $ 105,730. Analysts said that Bitcoin is currently blinking warning signals in the short term because it liquidates long positions. The market cools down after weeks of up -like momentum, and technical indicators such as the super trend stay green, but start to slow down in Bullish Momentum.
Ethereum rejected in resistance:
Ethereum was again confronted with rejection of a large resistance zone and withdrew its price in the last 24 hours by more than 3.6% to trade around $ 2,609. A delaying MACD on the 3-day period also indicates the weakening of Bullish Momentum, which expresses concern about a possible bearish crossover in the coming weeks.
Altcoins glide into the red zone
Solana (SOL) fell by 4.79%, while Cardano (ADA) fell 5.73%. Dogecoin (doge) also took a hit and fell 6.76%. BNB fell by 2.47%and XRP fell by 3.37%. Even newer coins such as Sui (sui) were not spared, with a dip of 4.06%. Stablecoins such as USDT and USDC usually remained flat, as expected.