The crypto market continues its downward movement, with the total market capitalization falling to around $3.09 trillion — a decline of nearly 3% over the past 24 hours.

The decline reflects widespread sell-offs among leading assets, although sentiment indicators suggest more caution than outright fear among participants.

Bitcoin is trading around $90,190, recording a daily drop of approximately 2.6%, while Ethereum declined more sharply, over 4%, to levels around $3,116. Despite the short-term weakness, both assets maintain moderate weekly gains, indicating a phase of consolidation rather than a clear trend reversal.
Market sentiment indicators confirm this picture. The fear and greed index is at 43, stable in the neutral zone, while the average crypto RSI has decreased to 46.87, indicating a cooling of momentum without the market entering an oversold condition.

Meanwhile, the altcoin season index remains low — 25 out of 100 — highlighting the continued dominance of Bitcoin amid waning risk appetite.

Major assets are under pressure, while XRP and Solana maintain relative strength.

Among the leading assets, XRP experienced one of the sharper daily declines, nearly 6%, but still remains over 15% up for the past week. This suggests relative strength following the recent rally.

Solana also declines during the day but continues to outperform many of its competitors on a weekly basis with over 8% growth.

BNB and TRON are also under pressure in shorter timeframes, but neither shows signs of a serious technical breakout. The overall pattern points more toward profit-taking after recent gains rather than panic exits from the market.

Stablecoins continue to dominate trading activity. Tether (USDT) reported a daily volume of over $86 billion, and USDC also registered increased turnover. The heightened use of stablecoins indicates traders are seeking liquidity and waiting for clearer market signals.

In summary, the data suggest that the market is going through a “digestive” phase after recent volatility. With neutral sentiment, cooling momentum indicators, and Bitcoin’s structural dominance intact, the current movement appears more like consolidation than the start of a deeper sell-off — at least for now.