- Bitcoin fell below $103K, triggering minor declines across major cryptocurrencies like Dogecoin, XRP, Solana, and BNB as the broader market shows signs of cooling.
- Meanwhile, traders shifted focus to high-volatility altcoins, with tokens like VICE, GIZA, and Cudis posting double-digit gains.
The crypto market is showing signs of a short-term correction, with Bitcoin leading the downturn. The world’s leading cryptocurrency dropped 0.2% in the last 24 hours, slipping below the $103,000 threshold to trade at $103,246. Despite the decline, Bitcoin maintains a strong daily trading volume of over $43 billion and a robust market cap above $2 trillion. The pullback follows a week of steady gains, hinting that the market may be entering a cooling-off phase.
Dogecoin, XRP, and Solana Retreat After Bullish Run
The downturn wasn’t limited to Bitcoin. Dogecoin (DOGE), which had surged 14.2% over the past week, fell by 0.2% to $0.1758. With a $26 billion market cap and $2 billion in daily trades, the memecoin appears to be consolidating after its rally. Similarly, Solana (SOL) edged down 0.1% to $147.44 after a 9.9% weekly gain. XRP also lost momentum, dropping 0.3% to $2.13, though it still commands a daily volume exceeding $3 billion.
Also read: Sui Surpasses Solana in DeFi Growth and User Activity Amid ETF Hype
Binance Coin (BNB) joined the downtrend, slipping 0.3% to $640.66 despite a 4.4% gain over the past week. Ethereum (ETH), in contrast, held steady at $2,461.52, although its momentum has clearly slowed after a 6.1% weekly rise. These moves point to a market-wide pause following a period of bullish activity.
Altcoins Shine as Traders Seek Volatility
While large-cap cryptos cooled, several low-cap tokens saw impressive gains, highlighting traders’ appetite for higher risk and reward. VICE soared 34.3% to $0.04236, topping the gainers list. GIZA jumped 24.9% to $0.3761, and Ultra (UOS) climbed 21.6% to $0.06218. Meme token CAR surged 21.3% to $0.09317, while Cudis (CUDIS) rose 20.9% to $0.1348.
The divergence between top coins and high-volatility altcoins signals a shift in market sentiment. As major cryptocurrencies stall or dip, investors appear eager to rotate into smaller assets that offer quick upside potential—even amid broader uncertainty.
Bitcoin’s dip below $103K has ushered in a modest correction for top assets, but speculative fervor remains alive in the altcoin sector.