A massive bloodbath has covered the cryptocurrency market today, with all major coins slipping into deep red. Bitcoin price for the first time in the last eight months slipped below the $90000 mark, spooking all investors facing big losses.
The overall sentiment of the market is currently extremely bearish, and traders are calling this the sharpest BTC correction in weeks.
“The crypto market, along with other financial markets, continues to trend lower as retail investors await a catalyst. However, institutional conviction remains strong, with Strategy’s recent purchase of 8,178 Bitcoin, worth $835 million, helping offset selling from new entrants and ETF-driven pressure. On the other hand, on-chain data also shows rising activity from short-term holders, a pattern often seen near market bottoms. Historically, such phases have preceded strong reversals, suggesting that a shift in momentum may be approaching. ” Said Edul Patel, CEO of Mudrex.
Bitcoin Price Today: BTC Drops Over 5% as Market Cap Slides Below $2 Trillion
Bitcoin is struggling to hold support levels. The bitcoin price today stands at $90,780.79, with a 5.02% drop in 24 hours and steep weekly and monthly declines of 11.94% and 16.52%, respectively. BTC’s market cap is now around $1.80 trillion, with $42.84 billion in 24-hour trading volume.
“Institutional money continues to flow out of BTC ETFs, and uncertainty around U.S. rate cuts has kept investors on the sidelines. However, MicroStrategy revealed that it continues to buy BTC, adding $835 million worth of bitcoin last week. With the U.S. government shutdown now lifted, liquidity is expected to improve as government spending resumes. Bitcoin’s nearest support is around $91K, and if this level breaks, it could retest the $88K-$89K zone. Traders should avoid panic selling, and some may see this as an opportunity to enter the market at lower prices” as per CoinSwitch.
Ethereum Price Today
The second-largest coin, Ethereum, is facing heavy selling pressure. The Ethereum price today is $3,021.50, down 4.96% in 24 hours. Weekly and monthly numbers show a deeper slide of 11.62% and 24.21%, hinting at sustained weakness in ETH price momentum.
ETH’s current market cap is $360.53 billion, and analysts warn that if ETH falls below the $3,000 psychological level, more downside could follow.
All Major Altcoins Experince Sharp Drop
XRP Price Today: XRP price has dropped to $2.16, losing 4.40% in a day and nearly 10% over the week. The coin’s market cap is now at $127.61 billion.
Binance Coin Price Today: BNB price is $902.80, marking a 3.47% daily drop and deeper monthly losses of 18.74%. With a market cap of $122.23 billion, BNB remains among the top cryptocurrencies, but pressure still persists.
Solana Price Today: The fast-growing blockchain token Solana (SOL) is down to $134.72, slipping 4.07% in the last 24 hours and 28.35% over the past month. Solana’s price crashed nearly 13% this week, and its market cap stands at $73.17 billion, but according to traders’ notes, SOL is one of the most volatile altcoins in the current crypto market downturn.
TRON Price Today: TRX price today is $0.2915, down 0.59% in 24 hours. With a market cap of $27.42 billion, TRON stays in the top 10.
Dogecoin Price Today: The popular meme coin dogecoin is trading at $0.1545, posting a 4.48% 24-hour drop and nearly 21% down over the month.
Cardano Price Today: ADA coin is also under heavy pressure, now priced at $0.4689. The token has plunged 5.08% today and nearly 28.22% for the month.
Crypto Market Outlook: Can Bitcoin and Altcoins Recover?
“The crypto market has entered a phase where sentiment, structure, and psychology are colliding as Bitcoin trades near $90,000, wiping out all of its 2025 gains and putting the four-year cycle debate back at the centre of every conversation. ETF outflows, whale-driven short positioning, and thinning liquidity have turned a routine correction into a deeper drawdown. Ethereum is struggling to hold the $3,000 region, and XRP’s profitability has dropped to yearly lows, signalling uneven pressure across majors. The real question now is whether this slide marks the early signs of a crypto winter or whether the market is clearing the path for an eventual rebound. The next few sessions will reveal whether caution tightens its grip or whether buyers finally show up with conviction.” said Avinash Shekhar, co-founder & CEO, Pi42