Crypto Extends Pullback as Bitcoin and Ethereum Trade Lower

The cryptocurrency market has extended its pullback, with total market capitalization slipping to around $3.09 trillion, down nearly 3% over the past 24 hours.

The decline reflects broad-based selling across major assets, even as sentiment indicators suggest the market remains cautious rather than fearful.

Bitcoin is trading near $90,190, down about 2.6% on the day, while Ethereum has dropped more sharply, falling over 4% to around $3,116. Despite the short-term weakness, both assets are still holding onto modest gains on a seven-day basis, signaling consolidation rather than a decisive trend reversal.

Sentiment indicators reinforce that view. The Fear & Greed Index sits at 43, firmly in neutral territory, while the average crypto RSI has dipped to 46.87, suggesting the market is cooling but not yet oversold. Meanwhile, the Altcoin Season Index remains low at 25 out of 100, underscoring Bitcoin’s continued dominance as risk appetite softens.

Large caps struggle as XRP and Solana hold relative strength

Among the top assets, XRP has seen one of the sharper daily pullbacks, down nearly 6%, yet it remains up more than 15% over the past week – a sign of ongoing relative strength following its recent rally. Solana is also lower on the day, but continues to outperform many peers on a weekly basis with gains of over 8%.

BNB and TRON are similarly under pressure on shorter time frames, though neither shows signs of significant technical breakdowns. Overall, the pattern suggests profit-taking after recent gains rather than panic-driven exits.

Stablecoins continue to dominate trading activity. Tether (USDT) recorded more than $86 billion in daily volume, while USDC also saw elevated turnover. The heavy use of stablecoins points to traders rotating into liquidity and waiting on clearer directional signals.

Taken together, the data suggests the market is in a digestive phase following recent volatility. With sentiment neutral, momentum indicators cooling, and Bitcoin maintaining structural dominance, the current move appears more consistent with consolidation than with the start of a deeper sell-off – at least for now.

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