Bitcoin and Ethereum drop below key support levels; crypto market cap slips under $3.8 trillion
Synopsis
Bitcoin and Ethereum have dropped below crucial support levels, pushing the total crypto market capitalization under $3.8 trillion. Bitcoin is currently trading around $109,000, while Ethereum is near $3,930. Both assets, along with other major cryptocurrencies, have experienced significant declines over the past week, reflecting broader market volatility and investor sentiment.
Bitcoin and Ethereum have fallen below their key support levels, dragging the overall crypto market capitalization below $3.8 trillion. At present, Bitcoin is trading around $109,000, while Ethereum hovers near $3,930.
As of 9:46 am IST, Bitcoin was down by 2.26% in the past 24 hours. Ethereum was down by 2.45% at $3,930. Other major tokens—including BNB, XRP, Dogecoin, Solana, Cardano, Tron, and Hyperliquid were down upto 4%. Overall, the crypto market capitalisation went down by 2.33% to $3.69 trillion, according to .
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CoinDCX Research Team said that, “Bitcoin slips below the pivotal support at $110,000, dragging the markets lower and sentiments into fear. Popular cryptos like Ethereum, BNB, and XRP plunged below their respective support at $4000, $1200, and $2.5. Meanwhile, Solana trades below $190, Dogecoin below $0.19, and Cardano around $0.65.”
Crypto TrackerTOP COINS (₹) Tether88 (0.01%)Bitcoin9,566,158 (-1.94%)Ethereum344,224 (-2.2%)XRP207 (-2.6%)BNB100,604 (-3.04%)
The crypto market cap has plunged below $3.8 trillion, while the volume has recovered slightly and gold becomes the first asset to reach a $30 trillion market cap after it smashes a new ATH of over $4300 in early trading hours, the CoinDCX Research Team further added.
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In the past one week, Bitcoin has edged down by 10.08% whereas Ethereum has gone down by 9.78%. Altcoins such as Hyperliquid, XRP, Solana, Dogecoin and Cardano have gone down upto 24% in the past one week.
Sathvik Vishwanath, Co-Founder & CEO at Unocoin believes that BTC is currently trading around $109,050, showing recent weakness after a sharp drop from highs above $115,000 and despite the dip, buyers have defended support near $104,000, indicating potential accumulation.
“The market remains volatile, with price consolidating in a wide range amid macroeconomic uncertainty. Resistance near $115,000 must break for bullish momentum to resume. However, failure to hold above $104,000 could open downside toward $100,000. Traders are watching closely as BTC navigates between key levels. With investor sentiment mixed and external risks in play, Bitcoin’s next move could define its short-term trend within this uncertain yet pivotal phase,” Vishwanath added.
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Market perspective
Edul Patel, CEO of Mudrex
Bitcoin is showing early signs of recovery, trading near $109,000 after testing support at $107,500. Interestingly, gold’s ongoing rally could act as a positive trigger for Bitcoin. Historically, when gold’s momentum peaks (as seen in August 2020, September 2024, and April 2025) Bitcoin has followed with strong rallies. If this trend continues, a post-gold rotation could push BTC toward new highs. For now, holding above $110,000 remains key to sustaining bullish momentum. On the downside, we could see a move towards the previous low near $104,000.
