The cryptocurrency market witnessed a wave of selling pressure over the past 24 hours, with major altcoins posting notable losses and momentum turning cautious across the board.
Ethereum declined 2.88%, trading at $1,955.42, bringing its market capitalization down to $236 billion. The pullback comes amid weakening short-term momentum despite steady trading volume of $23.64 billion.
BNB slipped 1.28% to $627.85, while XRP dropped 1.97% to $1.3481, reflecting broader weakness among large-cap tokens.
Among the sharper declines, Dogecoin fell 3.95% to $0.089, and Cardano recorded a steeper 4.59% drop to $0.26178, marking one of the biggest losses among the top 10 cryptocurrencies.
Hyperliquid saw the most significant percentage decline in the list, plunging 5.99% to $31.03, signaling heightened volatility in mid-cap assets.
Meanwhile, stablecoins remained steady. Tether (USDT) traded slightly above peg at $1.00003 (+0.02%), while USDC hovered near $1 at $0.9999.
Solana fell 0.95%, TRON declined 1.10%, and Chainlink slipped 2.06%, reinforcing the broader downward sentiment across the altcoin market.
One of the few gainers was UNUS SED LEO, rising 1.76% despite the overall market weakness.
Overall, the data suggests a short-term corrective phase in the crypto market, with investors rotating toward stable assets while reducing exposure to higher-volatility tokens. Trading volumes remain active, indicating continued participation despite the pullback.
Market participants are closely watching macroeconomic cues and liquidity flows for the next directional trigger.
