Crypto Market Update: Heavy Selling Across the Board
The entire crypto market is under strong selling pressure today. Most major and popular coins are trading deep in the red, showing clear signs of market weakness and fear among traders.
#BNB has dropped to around 739, falling more than 4%.
#Bitcoin is trading near 73,400, down over 6%, while
#Ethereum has seen an even sharper decline of more than 9%.
#Solana is also struggling, down over 7%, and
#Dogecoin has slipped more than 5%.
$XRP ,
$ADA , and
$LINK are not spared either, all showing losses between 6% and 7%. Smaller but active coins like SUI, ZIL, and SENT are also bleeding, reflecting broad market stress rather than coin-specific problems.
Some altcoins are facing even stronger pressure. ZAMA has crashed by more than 25%, showing panic selling. PEPE is down over 6%, and ADA continues to slide with the rest of the market. The only standout is PAXG, which has gained over 5%, as investors move money into gold-backed assets for safety.
This price action shows that the market is approaching an important technical zone. Many of these coins are now very close to their April 2025 support levels. These areas have acted as strong buying zones in the past, so traders are watching them closely.
If prices drop another 1% to 3% from here, the next major support would likely align with levels last seen in August 2024. Those levels are considered very strong supports for many of these high-interest coins and could attract long-term buyers.
Right now, the market is clearly bleeding, sentiment is weak, and fear is visible. However, this phase may also be setting the stage for a stronger base if key support levels hold. The next few days will be critical in deciding whether the market stabilizes or moves into deeper correction.