The global cryptocurrency market cap edged down 0.82% in the past 24 hours to $2.65 trillion. Bitcoin (BTC) continues to trade sideways near $77,000, while Ethereum (ETH) fell nearly 3% to lead the decline among major tokens. The Fear & Greed Index dropped further to 28, marking a new monthly low in the 'fear' zone. BTC dominance remains elevated at 58.3%, signaling capital concentration and no rotation into altcoins.
Bitcoin Stuck at $77K, Dominance Climbs to 58.3%
Bitcoin's intraday range spanned $76,693 to $78,506, briefly dipping to $76,700 before settling at $77,194, a daily loss of roughly 1.1%. Trading volume stood at $24.3 billion. BTC has retreated 38.8% from its all-time high of $126,080, now more than 18 months past the previous cycle peak. On the technical side, $77,000 acts as near-term support, but selling pressure remains heavy between $78,500 and $80,000. The Fear & Greed Index has stayed below 30 for several days, last seen during a correction weeks ago.
Ether Leads Losses, ETH/BTC Ratio Weakens
Ethereum was the weakest performer among the top 10, falling 2.93% to $2,117 and touching a low of $2,108. On-chain data shows the ETH/BTC rate continues to slide, with Ethereum's relative valuation hitting year-to-date lows. Bears dominate, and the 24-hour volatility was around 4%. Dogecoin (DOGE) lost 2.17% to $0.1066, Polkadot (DOT) fell 1.9% to $3.21, and Cardano (ADA) dropped 1.5% to $0.254, reflecting waning interest in legacy Layer 1 projects without fresh narratives.
Liquidation Surge: 107K Traders Hit, $670M Wiped Out
Liquidations in the past 24 hours reached $670 million, affecting 107,000 traders. Long positions accounted for 88% of the total, with Ethereum longs being the hardest hit — one of the worst long-side bloodbaths in recent months. Shorts composed only 12%, underscoring persistent selling pressure.
Bright Spots: TRX Stands Alone, BNB Holds Firm
Against the broad sell-off, TRX managed a marginal 0.07% gain to $0.3543, making it the sole green among the top 10. The token's resilience may stem from rising stablecoin circulation on the TRON network and steady DeFi demand. BNB slipped just 1.1% to $645.72, matching Bitcoin's decline. BNB Chain's focus on meme coins and AI-agent narratives continues to draw liquidity and attention.
Macro headwinds — including uncertainty over the Federal Reserve's policy path and elevated geopolitical risks — are weighing on risk assets. As a high-beta class, crypto struggles to rally independently. Looking ahead, traders should watch whether BTC can hold the $76,000-$77,000 support zone. A break below could bring the next level at $73,000-$74,000. Altcoin season would require a meaningful drop in BTC dominance, signaling capital rotation from Bitcoin to altcoins.