The market moved lower over the past day as large capitalisation tokens faced concentrated selling and trading volumes rose across major venues.
Bitcoin drops to $110,007 as turnover rises and market capitalisation reaches $2.18 trillion
Bitcoin declined by 1.8 per cent in 24 hours to $110,007. Reported turnover surpassed $58.2 billion as bids thinned at the top of the book and intraday ranges widened. Bitcoin’s market capitalisation stood at $2.18 trillion, with price action indicating defensive positioning in spot and derivatives. Funding conditions reflected a shift toward lower leverage while basis compressed into the close.
Ethereum fell 5 per cent to $4,414 with a market capitalisation of $532.3 billion and approximately $49 billion in daily volume. Order flow skew favoured aggressive sellers through the European session before moderating in late US trade. Cardano decreased by 5.5 per cent to $0.8378, leaving its market value at $30.5 billion after sustained outflows.
Across other majors, XRP slipped 1.8 per cent to $2.91 with a market capitalisation of $173 billion, while BNB shed 2.6 per cent to $841.45 taking its market capitalisation to about $117 billion. Solana registered the steepest decline among the top assets, dropping 7.5 per cent to $187.73 as liquidity concentrated around prior support. Dogecoin lost 6.1 per cent to $0.2098 and held a market capitalisation of $31.6 billion.
ECOMI gains 111.7 per cent as BOOE and Stader advance alongside wider large cap weakness
Despite the broader downturn, selected small caps recorded strong advances. ECOMI rose 111.7 per cent to $0.0004445 with more than $19 million in daily volume as activity clustered around new listings and promotional catalysts. Stader increased 39 per cent to $0.8722, while The Book of Ethereum climbed 32.4 per cent to $0.3567 on concentrated buying.
Additional risers included Cobak up 22.1 per cent to $0.6899, FLOCK higher by 20.1 per cent to $0.4146, and Ultima up 19.5 per cent to $8,683.27. The dispersion between large cap losses and small cap gains underscored a rotation toward higher beta exposures at lower absolute liquidity. Market depth narrowed around key levels across majors, while intraday volatility created pockets of momentum in microcaps.
The day’s moves left total crypto risk skewed toward downside among headline assets with episodic rallies in smaller tokens. Flows indicated a preference for short term trading strategies as market makers adjusted spreads and reduced inventory into weakness.
