Cryptocurrencies Retreat Today: Bitcoin Loses Support and Ethereum Breaks $4.500
- Bitcoin Falls to $121.700 After All-Time High
- Ethereum loses support and altcoins continue to fall
- Binance Coin (BNB) rises and takes 3rd place in the ranking
After a streak of gains since early October, the cryptocurrency market has faced a significant correction in the last 24 hours. Bitcoin (BTC), which recently reached a new all-time high above $126.000, fell back to $120.700 before recovering slightly and is currently trading at $122.958—a daily decline of approximately 2%.
The pullback comes amid investor uncertainty about whether this movement represents a natural correction or the beginning of a more prolonged downtrend. Still, strong inflows into spot BTC ETFs and the reduction in the volume of coins available on exchanges point to a possible recovery soon.
Bitcoin's market capitalization has also been impacted, falling to around $2,42 trillion. However, its market dominance remains stable at approximately 56,9%.
Among altcoins, Ethereum (ETH) performed even worse, falling 5% and losing the important support level of $4.500. Ripple's XRP retreated 4% to $2,86, while Solana (SOL) and Dogecoin (DOGE) saw losses of between 2% and 3%.
Plasma (XPL) was a negative highlight, leading losses among the 100 largest assets in the market with a decline of 11%. World Liberty Financial (WLFI) and Pi Network (PI) also showed significant declines of 9% and 8%, respectively.
Despite the widespread decline, some cryptocurrencies still managed to register gains. Binance Coin (BNB) rose 6%, surpassing XRP and USDT in the rankings and taking third place among the largest digital assets. PancakeSwap (CAKE), Mantle (MNT), and Aster (ASTER) also ended the day in positive territory.
The total cryptocurrency market capitalization fell 2% in the last 24 hours, reaching $4,27 trillion. This movement reinforces the sector's sensitivity to profit-taking and investor caution after recent strong gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Assessing the Enduring Return on Investment of Public-Private Collaborations in the Renewal of Webster, NY’s Industrial District
- Webster , NY, leverages PPPs to revitalize industrial zones via $9.8M FAST NY grants and waterfront projects, boosting job creation and property values. - Strategic infrastructure upgrades, including road and energy systems, align with state economic goals, creating a 300-acre shovel-ready industrial hub by 2025. - Long-term ROI projections show 250+ jobs from dairy facilities and 10.1% residential value growth, with industrial property appreciation expected by 2030. - Sector diversification into semicon
The Economic Development Guide: Strategies Webster, NY is Using to Drive Real Estate and Industrial Expansion
- Webster , NY leverages $9.8M FAST NY grants and brownfield redevelopment to transform former Xerox sites into shovel-ready industrial hubs. - Strategic infrastructure upgrades at NEAT site reduced industrial vacancy to 2% while boosting home prices by 10.1% annually. - Public-private partnerships like $650M fairlife® plant and NY Forward Program create 250+ jobs and mixed-use commercial districts. - 2026 plans focus on wastewater modernization and equitable tax policies, aligning with Upstate NY's infras
Bitcoin News Update: Imminent Structural Shift as Bitcoin Faces Increasing Liquidity Challenges
- Bitcoin fell 30% from its October peak, mirroring Google's 2017 liquidity reset, driven by ETF outflows, stablecoin contractions, and leveraged liquidations. - Institutional withdrawals ($3.5B in November ETF redemptions) and a $19B October liquidation event accelerated Bitcoin's steepest two-month decline since 2022. - Stablecoin market capitalization dropped $4.6B, while centralized exchange volumes fell below $25B, worsening Bitcoin's volatility amid fragile macroeconomic sentiment. - Whale accumulati
Bitcoin Updates: Major Investors and Institutions Increase Bitcoin Holdings While Hayes Maintains $250K Prediction
- Arthur Hayes, BitMEX co-founder, reaffirmed Bitcoin's $250K target despite a 30% correction to $87K amid ETF outflows and leveraged liquidations. - Institutional confidence waned after a $19B liquidation event, while mid-tier "whales" and Texas/Hyperscale Data increased Bitcoin holdings. - UAE's new DeFi regulations and Fed policy shifts highlight evolving crypto oversight, with liquidity injections and rate-cut expectations influencing market dynamics. - Analysts note oversold conditions and institution
Trending news
MoreCrypto prices
More
