In the past 24 hours, Ethereum (ETH/USDT) led the losses with a drop of 7.51%, trading at 2237.39 USDT. It was followed by Cardano (ADA/USDT) down 6.96% at 0.1831 USDT, and Ripple (XRP/USDT) down 6.05% at 1.2252 USDT. Other assets also fell: Chainlink (LINK/USDT) –5.92% at 10.728 USDT, Dogecoin (DOGE/USDT) –5.85% at 0.07226 USDT, and Bitcoin (BTC/USDT) –5.21% at 76013.52 USDT. Most pairs are in ranging or volatile regimes, while XRP and DOGE are classified as bearish.
The Fear & Greed index sat at 50, labeled neutral, indicating no clear consensus among participants. Bitcoin dominance stayed at 59.2%, underscoring its share of the total market. Observed regimes were largely ranging for ETH, BTC, SOL and BNB, and volatile for ADA, LINK, AVAX and DOT, with XRP and DOGE in a bearish trend. These conditions suggest the market is reacting to sell pressure without a definitive direction.
Despite the breadth of the declines, the sector’s total market cap did not show dramatic shifts in liquidity metrics, and the lack of headline news points to position rebalancing as the driver. Participants appear to be trimming exposure amid price pressure, adopting a cautious stance.