The crypto market extended its decline over the past 24 hours, with most major assets flashing red as traders brace for further volatility. Bitcoin, Ethereum, and Solana all recorded notable drops, while altcoins like XRP and Dogecoin also faced double-digit weekly losses. The correction reflects a broader risk-off sentiment amid ETF flow slowdowns and profit-taking following October’s rally.
Key Takeaways
- •Broad correction: Nine of the top ten cryptocurrencies declined between 1% and 7% over the past 24 hours.
- •Institutional pause: ETF inflows and whale activity have slowed, leading to weaker market support.
- •Rotation signs: Traders appear to be shifting focus toward lower-cap tokens and stable yields amid macro uncertainty.
Bitcoin (BTC) – Down 2.7%
Bitcoin’s price fell to $101,285, extending its weekly decline to over 5%. The dip comes after ETF demand cooled and short-term holders increased exchange deposits. Despite the pullback, Bitcoin continues to hold above the $100,000 threshold, a level viewed by analysts as psychological support. Macro uncertainty and a drop in perpetual futures funding rates also contributed to weaker momentum.
Ethereum (ETH) – Down 3.9%
Ethereum slipped to $3,320, marking a 10.5% loss over the week. Profit-taking among short-term traders and lower on-chain activity have pressured ETH’s price. Santiment data also shows a sharp sentiment swing from fear to euphoria earlier in the week, often a signal of short-term overheating. Traders are now watching whether Ethereum can defend the $3,200 region, a key support tied to its July AVWAP.
XRP (XRP) – Down 4.88%
XRP’s correction continued as it dropped to $2.20, losing more than 8% this week. The decline follows reduced momentum after Ripple Prime’s institutional announcement and a broader slowdown in speculative inflows. Analysts point to XRP’s recent overextension above $2.50 as a trigger for short-term profit-taking, although long-term sentiment remains supported by Ripple’s expanding financial infrastructure strategy.
BNB (BNB) – Down 1.43%
BNB fell to $945, down nearly 11% over the past seven days. The correction mirrors weaker activity in Binance-related tokens after a period of high volatility and fee-related token announcements. Traders appear to be rotating away from exchange tokens amid tightening liquidity and lower trading volumes on centralized platforms.
Solana (SOL) – Down 3.7%
Solana’s price retreated to $156, extending its weekly decline to 13%. Despite strong ecosystem growth, including World Liberty Financial’s recent USD1 initiative on Solana, traders are taking profits after SOL’s rapid October rise. The correction is viewed as a healthy reset, with analysts identifying $150 as a critical support zone before potential recovery.
TRON (TRX) – Down 1.9%
TRON fell modestly to $0.28, though it remains one of the more stable performers of the week. TRX’s ecosystem continues to benefit from USDT circulation dominance on the network, but market-wide selling pressure has limited upside momentum.
Dogecoin (DOGE) – Down 4.40%
Dogecoin declined to $0.160, losing over 10% in the last week. The pullback reflects fading enthusiasm from last month’s meme coin rally and reduced whale accumulation. Analysts note that Dogecoin’s short-term correlation with Bitcoin remains high, meaning any BTC weakness continues to drag DOGE lower.
Cardano (ADA) – Down 3.1%
Cardano slipped to $0.52, mirroring broader market losses. The decline follows subdued ecosystem updates and profit-taking near the $0.60 resistance. Despite this, long-term holders continue to accumulate, and ADA’s fundamentals remain supported by upcoming governance upgrades in the Voltaire phase.
Hyperliquid (HYPE) – Down 6.85%
HYPE saw one of the sharpest drops among the top 15 coins, falling to $38. The correction follows an extended rally fueled by exchange volume growth and ecosystem hype. Short-term traders appear to be locking in profits, while long-term investors monitor whether support holds around $36.
Chainlink (LINK) – Down 3.92%
Chainlink declined to $14.6, pressured by general market weakness despite strong fundamentals. Recent collaborations with Dinari and S&P for on-chain financial data failed to offset selling pressure. LINK remains one of the leading infrastructure plays for tokenized assets, with analysts identifying $14 as key near-term support.
Bitcoin Cash (BCH) – Down 3.8%
Bitcoin Cash slipped to $470, in line with the market-wide correction. The asset has been consolidating after reaching a local top near $520 last week. Lower transaction activity and reduced mining profitability are contributing factors to BCH’s short-term weakness.
Market Outlook
Overall, today’s correction highlights a cooling phase in the post-rally cycle, with traders de-risking amid reduced ETF inflows and slower whale accumulation. Analysts expect sideways consolidation before the next major move, with Bitcoin’s ability to hold above $100,000 likely determining short-term direction for the entire market.