Crypto markets trending lower again amid broader risk-off sentiment, with Bitcoin and major altcoins sliding as Wall Street equities weaken. Price dynamics reflect Bitcoin pulling back from ~$90K after regulatory and macro headlines hit risk assets. ETH and other tokens showing volatility, with increased liquidations and range trading as traders react to market whipsaw patterns. XRP facing additional pressure from global macro factors (e.g., Japanese yields), contributing to short-term bearishness.$BNB $SOL
Bitcoin & broader market falling — BTC drifted lower overnight, pulling many altcoins down as traders stay cautious amid muted risk appetite. XRP also sliding with resistance now forming at previous support levels. Total crypto market cap testing ~$3 trillion support as Bitcoin, Ether and XRP slide again. BTC holding near ~$87K despite heavy ETF outflows (~$350M+) — showing mixed investor sentiment.
Key developments
Marshall Islands rollout crypto-based UBI — nation launches a universal basic income program via a blockchain stablecoin option. Hong Kong sees first major crypto IPO — exchange operator HashKey lists on the stock market amid volatility. Investors shift strategies after downturn — caution grows with more focus on risk-managed tools. Warnings over opaque crypto schemes in CAR — report highlights risks to state assets from poorly regulated projects.
Short summary of market data
The crypto market cap is trending weaker with a slight decline in total valuation and trading volume. Bitcoin dominance remains elevated, indicating BTC’s strength relative to altcoins.