After a strong rally, the cryptography market finally cools. In the past 24 hours, market capitalization has slipped 2.43%, now to 3.35 billions of dollars. At the same time, commercial activity resumed, the volumes of $ 184.7 billion while the traders rushed to react to the last movements of the market.
Possible reasons behind the drop today
Macroeconomic factors:
On the macro side, the feeling of the market was affected after a second US court blocked the prices offered by President Trump. In addition, the secretary of the Treasury, Bessent, confirmed that the commercial discussions with China were at a standstill – adding uncertainty to the world markets, notably Crypto.
The index of fear and greed signals the “greed” at 61 years:
The Crypto Fear & Greed index remains at 61 (greed). Historically, markets tend to cool after long periods of gatherings focused on greed, and today’s decline corresponds to this scheme.
Bitcoin short -term weakness:
Bitcoin, the market leader, has dropped to a nine -day hollow of $ 104,684. Analysts said Bitcoin is currently flashes short -term warning signals because it liquidates long positions. The market cools after weeks of momentum upwards, and technical indicators and the super trend remain green but begin to slow down in the bullish momentum.
Ethereum rejected in resistance:
Ethereum faced a rejection of a major resistance zone once again, reducing its price by more than 3.6% in the last 24 hours to exchange around $ 2,609. A slowdown in the MACD over the 3 -day period also suggests a weakening of the bullish momentum, which raises concerns of a possible lowering cross in the coming weeks.
Altcoins slip into the red zone
Solana (soil) fell 4.79%, while Cardano (ADA) slipped 5.73%. Dogecoin (DOGE) also took a hit, down 6.76%. The BNB fell by 2.47% and XRP decreased by 3.37%. Even new parts like Sui (SUI) have not been spared, with a drop of 4.06%. Stablecoins like USDT and USDC remained mainly flat, as expected.
