The cryptocurrency market witnessed mixed movement in the latest session, with major tokens trading under pressure while select altcoins showed resilience.
Bitcoin and Ethereum face mild correction
Bitcoin declined 0.48% to $91,168, reflecting profit booking after recent highs, even as trading volumes remained strong at nearly $39 billion. Ethereum also moved lower, slipping 1.21% to $3,100, mirroring broader weakness across large-cap cryptocurrencies.
Altcoins largely in the red
Most major altcoins traded lower during the session. Solana fell over 2.2%, Cardano dropped nearly 2.8%, while Dogecoin and XRP also posted losses of more than 2% and 1%, respectively. Bitcoin Cash emerged as one of the biggest laggards, plunging 3.6%, highlighting heightened volatility in mid-cap tokens.
Stablecoins remain steady
As expected, stablecoins such as Tether (USDT) and USD Coin (USDC) held close to the $1 mark, with marginal gains, reflecting continued high on-chain activity and strong liquidity demand. USDT led volumes with over $81 billion traded in the last 24 hours.
Monero stands out as top gainer
Defying the broader trend, Monero surged nearly 9.6%, emerging as the session’s top performer among major cryptocurrencies. The rally suggests renewed interest in privacy-focused tokens amid selective buying.
Overall, the crypto market remains range-bound, with investors cautious ahead of macro cues. While large-cap tokens consolidate, stock-specific and narrative-driven moves continue to create sharp divergences across the digital asset space.
