The crypto market continues to decline, with the overall market cap dropping to approximately $3.09 trillion, a decrease of nearly 3% within 24 hours.

This decline reflects widespread selling of major assets, although sentiment indicators show market participants are more cautious than panicked.

Bitcoin trading price is around $90,190, down about 2.6% intraday, while Ethereum is more volatile, dropping over 4% to around $3,116. Despite short-term weakness, both assets remain modestly up on a weekly basis, indicating the market is in an accumulation phase rather than a clear trend reversal.
Market sentiment indicators confirm this trend. The Fear & Greed Index remains at 43, in the neutral zone, while the average cryptocurrency RSI has fallen to 46.87, showing weakening momentum but not yet entering oversold territory.

Meanwhile, the Altcoin Season Index remains low—only 25 (out of 100), emphasizing Bitcoin's continued dominance in an environment of reduced risk appetite.

Major assets are under pressure, with XRP and Solana performing relatively well

Among major assets, XRP experienced a more significant intraday drop of about 6%, but still maintained over 15% gains over the past week. This suggests that after recent gains, XRP remains relatively strong.

Solana also declined today but outperformed many competitors on a weekly basis, with an increase of over 8%.

BNB and TRON are also under short-term pressure but show no signs of a major technical breakout. The overall pattern leans more toward profit-taking after recent gains rather than panic selling.

Stablecoins continue to dominate trading activity. Tether(USDT)'s daily trading volume exceeds $86 billion, and USDC's trading volume has also increased. The active use of stablecoins indicates traders are shifting toward liquidity, awaiting clearer market signals.

Overall, data shows the market is going through a “digestive” phase after recent volatility. With neutral sentiment, weakening momentum indicators, and Bitcoin’s structural dominance, the current trend appears more like consolidation rather than the start of a deep sell-off, at least for now.