
Broad gains in the cryptocurrency market have been pared after the bullish recovery seen on Wednesday as top coins Bitcoin (BTC) fell.
As Ethereum (ETH), XRP (XRP) and Solana (SOL) gained more than 5%, Arbitrum (ARB) and Filecoin (FIL) also turned red.
Most of the top altcoins by market cap have also declined in the last 24 hours.
According to CoinGecko data, the global crypto market cap fell 4.8% to about $3.64 trillion.
Meanwhile, the market’s daily trading volume had fallen to $170 billion.
Bitcoin (BTC) Price Update
Bitcoin’s recovery this week includes a rise to a high of $107k.
However, despite reports of President Trump granting a full pardon to Silk Road creator Ross Ulbricht, BTC gave up the rise Retesting lower support levels.
During the Asian trading session on Thursday, Bitcoin price hit intraday highs of $105,443 and $101,225.
The decline seen over the past 24 hours, which has seen BTC hover around $101,890, has helped pin Bitcoin at 55.2%.
Per coinglass dataOpen interest in BTC is $67 billion.
Top altcoins price update: ETH, XRP and SOL
Ethereum (ETH) traded in a range of $3,189 and $3,327 during Asian trading hours on Thursday.
The top altcoin by market cap is struggling amid selling pressure and is down 3% in the last 24 hours.
Ethereum Foundation headlines continue to dominate the crypto news timeline. Specifically, Ethereum dominance is 10.6%
XRP continues to trade above $3 as bulls bid to hold on to gains.
Following a bullish run in November 2024, XRP remains one of the altcoins worth watching amid fresh market enthusiasm following Trump’s inauguration.
The XRP token traded around $3.08, down 5% on the day. Bulls risk more pain if the price dips below $3.
Solana (SOL) price reached a high of $270, but was down more than 5% at the time of writing.
This decline within the last 24 hours has taken SOL to support levels near $243.
Despite the decline, Solana remains largely bullish amid the meme coin craze, spot ETF anticipation, and US crypto regulatory developments.
Analysts predict SOL could surpass all-time high of $294 target $500 In the short term.
Arbitrum, Filecoin mirror top altcoins
Arbitrum (ARB) extended last week’s decline to more than 10% as the price fell further on Thursday morning.
In Asian hours, ARB/USD traded as low as $0.68 and the price was more than 5% off the previous day’s high.
The struggle for Arbitrum follows profit-taking after the Ethereum scaling solution’s native token approached $1 in early January 2025.
ARB reached an all-time high of $2.40 a year ago on January 12, 2024.
Meanwhile, Filecoin has also shed more than 5% of its gains in the last 24 hours.
The native token of the decentralized storage system fell from $5.15 to nearly $4.89, with daily volume down 27% to $152 million.
This loss reflects what happened in the crypto market earlier in the day, with indecision key throughout the ecosystem.
Top gainers and losers today
According to CoinMarketCap, the top crypto price gainers today include XDC Network (XDC), KuCoin Token (KCS), Gate Token (GT) and Monero (XMR).
These top 100 coins by market cap are up between 3% and 8% in the last 24 hours.
On the other hand, the top losers among the 100 largest coins by market cap include ai16z (AI16Z), Fartcoin (FARTCOIN), Official Trump (TRUMP) and Virtual Protocol (VIRTUAL).
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