The cryptocurrency market is experiencing mild pullbacks across major assets today, even as overall sentiment sits firmly in Greed with the Fear and Greed Index at 67. The major tokens are logging moderate 24-hour declines between 1.30% and 1.95%, though Bitcoin continues to defend its 4-hour uptrend above $84,000. While market trends diverge between Bitcoin's upward path, Ethereum and Solana's range-bound action, and BNB's downtrend, the news cycle is dominated by institutional partnerships, regulatory friction in the United States, shifting European dynamics under MiCA, and a major Ethereum layer-2 winding down operations.
Market snapshot
The market presents a mixed technical backdrop across key pairs on the 4-hour timeframe:
Bitcoin (BTC) is trading at $84,640.85, marking a 24-hour decline of 1.58%. Its 4-hour technical trend remains an uptrend, with the Relative Strength Index (RSI) at 58.
Ethereum (ETH) stands at $2,677.29, dropping 1.58% over the last 24 hours. The 4-hour trend is currently range-bound, and its RSI reads 48.
BNB sits at $767.04, reflecting a 1.30% loss over the 24-hour period. It is positioned in a downtrend on the 4-hour view, supported by an RSI of 47.
Solana (SOL) is valued at $119.61 after a 1.95% drop over the last 24 hours. Its 4-hour trajectory is categorized as range-bound, carrying an RSI of 56.
The overall market sentiment remains elevated, with the Fear & Greed Index recording a score of 67, indicating a state of Greed among market participants.
What moved
Over the past 24 hours, the top assets have all traded lower in tandem. Solana posted the largest percentage decline of the group, slipping 1.95% down to $119.61, while holding an RSI of 56 in range-bound conditions. Both Bitcoin and Ethereum experienced identical 24-hour percentage declines of 1.58%. However, their technical structures diverge, as Bitcoin maintains an uptrend with an RSI of 58, whereas Ethereum remains range-bound with an RSI of 48. BNB registered the smallest loss among the tracked assets, dropping 1.30% to $767.04, but it is the sole asset in this group navigating a 4-hour downtrend, with an RSI level of 47.
Headlines that matter
Traditional banking pushback and institutional expansion highlight the day's major headlines. In the United States, a bank group has filed a lawsuit against a U.S. regulator concerning the granting of crypto trust charters. On the institutional adoption side, BNY is reportedly in discussions with Payward, the parent company of Kraken, regarding a potential infrastructure partnership.
Across the Atlantic, regulation is shaping consumer perception. According to the co-CEO of Bitpanda, European crypto users possess more faith in regulated firms under the Markets in Crypto-Assets (MiCA) framework.
In ecosystem news, the decentralized space saw a significant departure as Blast, once a $2 billion Ethereum layer-2 network, is shutting down following a 98% plunge in assets. Additional market activity and developments were also summarized in Cointelegraph's daily wrap on what happened in crypto today.
What to watch next
Market participants will be watching whether Bitcoin can preserve its 4-hour uptrend from $84,640.85 or if it will follow the consolidation seen in Ethereum and Solana, which remain range-bound with RSIs of 48 and 56 respectively. Traders should also monitor BNB's RSI of 47 to see if its current 4-hour downtrend persists or stabilizes. Outside the charts, the fallout from the bank group's legal challenge against U.S. crypto trust charters, progress on the BNY and Payward infrastructure talks, and the impact of the Blast layer-2 shutdown will remain key focal points.
With the Fear and Greed Index holding at 67 despite slight 24-hour dips across major tokens, do you think Bitcoin's 4-hour uptrend will keep leading the market higher?
Sources:
coindesk.com — https://www.coindesk.com/policy/2026/10/02/bank-group-sues-u-s-regulator-over-granting-crypto-trust-charters
cointelegraph.com — https://cointelegraph.com/news/what-happened-in-crypto-today?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
coindesk.com — https://www.coindesk.com/business/2026/09/30/bny-in-talks-with-kraken-parent-payward-over-infrastructure-partnership
cointelegraph.com — https://cointelegraph.com/news/mica-strengthened-retail-trust-regulated-crypto-exchanges-bitpanda-ceo-says?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
coindesk.com — https://www.coindesk.com/tech/2026/10/02/once-a-usd2-billion-ethereum-layer-2-blast-is-shutting-down-after-assets-plunge-98
Not financial advice. DYOR.