Bitcoin Holds $65,800 as Altcoins Face Deeper Corrections

Bitcoin remains resilient at $65,800 with a 2% dip, while Ethereum, Solana, and XRP face steeper losses as the Altcoin Season Index stays at 35.

Bitcoin is currently hovering around the $65,800 mark, recording a moderate daily decline of nearly 2%. Despite the dip, the leading cryptocurrency is performing better than several major altcoins.

The daily trading volume for BTC has seen a decrease of nearly 10%, currently sitting at approximately $40 billion. The total market capitalization of the flagship digital asset is valued at $1.3 trillion.

In the broader market, Ethereum has lost over 3% in the last 24 hours, while Solana is undergoing a deeper correction of more than 4%. XRP is also under pressure, posting a decline of over 3%.

Cardano (ADA) has registered a drop of more than 4%, trading at a price of $0.27 at the time of writing. Meanwhile, the leading meme coin, Dogecoin, fell by nearly 3% to reach a price of $0.09.

The Altcoin Season Index remains at 35 out of 100, suggesting that market dynamics still favor Bitcoin over higher-risk tokens. The average Relative Strength Index (RSI) for the crypto market is moving around 46, signaling neutral to slightly oversold territory.

What Investors Are Watching

Traders are closely monitoring whether Bitcoin can maintain the $65,000 zone—a key technical level that has acted as short-term support in recent weeks.

A break below this threshold could intensify pressure on altcoins and deepen “risk-off” sentiment across the board. Currently, a combination of geopolitical tensions, a decline in risk assets, and increased volatility is keeping investors cautiously positioned in digital assets.