According to the latest data from CoinMarketCap, the global cryptocurrency market cap has reached $2.97 trillion, showing a mild increase of 0.38% over the last 24 hours. Overall sentiment has been a bit mixed, where some coins have shown strong performance, while Bitcoin has appeared in consolidation mode.
The State of Bitcoin
Bitcoin (BTC) traded between $87,036 and $89,010 over the last 24 hours. As of 09:30 AM (UTC), BTC was trading at $87,984, reflecting a small gain of approximately 0.20%. The struggle of BTC around the $88K level highlights market uncertainty, especially as macro and geopolitical factors are putting pressure.
Mixed Performance of Altcoins
Major cryptocurrencies showed mixed moves, but some altcoins outperformed the market:
AXL: +39%
PUMP: +22%
Decred (DCR): +22%
These strong rallies indicate that selective buying in the altcoin space is still active.
Today's Crypto Market Highlights
Trading volume of Silver on Hyperliquid is around $1B, while Bitcoin remained stagnant near $88K
Due to geopolitical tensions, there is a surge in safe-haven assets, analysts are signaling a possible correction
Bitcoin-related job listings increased by 6% in 2025, with non-technical roles leading
Asian markets stable, but caution prevails due to Trump's tariff threats
Hang Seng Investment is preparing to launch a Gold ETF on the Hong Kong Stock Exchange
60% of top U.S. banks are planning to offer Bitcoin services, further strengthening institutional adoption
Sharp decline in U.S. Dollar, trade tensions are a major reason
Slight improvement in the Altcoin Season Index, which is a positive signal for altcoins
Trump announced a tariff increase on South Korean goods without any approved agreement
Bitcoin hashrate mid-2025 levels has decreased due to U.S. winter storms causing miners to shut down
Today's Major Market Movers
ETH: $2,911.13 (+0.71%)
BNB: $883.01 (+1.36%)
XRP: $1.8851 (+0.13%)#
SOL: $123.65 (+1.15%)
TRX: $0.2947 (-0.37%)
DOGE: $0.12204 (+0.77%)
WLFI: $0.157 (-2.73%)
ADA: $0.3495 (+0.89%)
BCH: $589.3 (+2.15%)
WBTC: $87,783.84 (+0.28%)
Conclusion
Overall, the crypto market is currently in a phase of consolidation and selective strength. Bitcoin's stagnation around $88K indicates short-term uncertainty, but institutional adoption, interest from the banking sector, and the strength of altcoins support the long-term outlook. Upcoming macro events and policy decisions could significantly define the market direction.