Crypto Today: Pressure, Pullbacks & a Shift in Mood
1. Bitcoin Leads the Drop
Bitcoin slipped about 2.15%, now around $109,506. Analysts point to deleveraging after recent rate cuts and weaker momentum.
2. Market Cap & Sentiment Down
The global crypto market cap fell 2.2% in 24 hours, sitting near $3.83T. Nine of the top ten cryptos are red. Both Bitcoin and Ethereum ETFs saw outflows, adding pressure.
3. Altcoins Take a Bigger Hit
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Ethereum (ETH) down ~3.3%, near $3,895
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Solana (SOL) down ~4.6%, near $146
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XRP down ~3.3%
Some newer names are making noise: Worldcoin (WLD) integrated Chainlink CCIP for cross-chain transfers, and MoonBull announced its presale launch.
4. Structural Overhangs
Roughly $4.5B in token unlocks are scheduled this month, which could add supply pressure. At the same time, the UK and US are moving toward closer cooperation on crypto regulation with a new taskforce.
Why It Matters
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Short-term sentiment is fragile.
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Token unlocks + ETF outflows could drag prices further.
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Inflation data and central bank signals may decide whether this is just a dip or the start of a deeper correction.
