- ETF outflows highlight pressure on Bitcoin and Ethereum price stability.
- Altcoin dominance rises, showing broader investor interest beyond Bitcoin.
- Market cap tests 200MA support, key for sustaining bullish momentum.
The crypto market is testing crucial technical levels amid renewed volatility. Prices pulled back after recent gains, with Bitcoin and Ethereum recording declines. Market analysts stressed the importance of maintaining support zones to sustain momentum.
Market Cap Holds at 200MA/EMA Support
Data shared by Daan Crypto Trades showed the total crypto market cap hovering near the 4-hour 200MA/EMA. The chart indicated that the market tested this level again following a pullback.
Analysts noted that the overall structure remained bullish, though a breakdown below the 2024 highs could weaken the uptrend. Bulls were urged to defend this support to prevent a shift in sentiment.
The total market cap surged to $3.85 trillion, reflecting strength across the sector. Excluding Bitcoin, the market stood at $1.55 trillion, pointing to rising altcoin dominance.
Within this, altcoins accounted for $292.52 billion, while stablecoins represented more than $500 billion. Analysts highlighted multiple market cycles since 2017, with sharp rallies and corrections shaping the sector’s trajectory.
ETF Outflows and Daily Performance
CryptoRank reported large net outflows from major ETFs. Bitcoin ETFs recorded withdrawals of $122 million, while Ethereum ETFs saw $197 million leave the market. The total crypto market cap currently stands at $4.09 trillion, down nearly 1% in 24 hours.
Bitcoin traded at $114,897, marking a 0.49% decline. Ethereum slipped 0.82% to $4,231. Most large altcoins dropped between 1–3%, continuing the broad correction.
Liquidations across the market reached $330 million during this period. The Fear & Greed Index registered at 56, placing sentiment in the “Greed” range despite short-term losses.
Among smaller tokens, ABET and BROCCOLI recorded notable gains during the session. In contrast, PEPE, SUI, and EGLD led the daily losers with declines. Market analysts said these mixed results highlighted uneven performance across altcoins despite overall sector growth.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
