Bitcoin and XRP Slide, Market Consolidates as Traders Watch

Cryptocurrency markets saw a mixed trading day today with notable declines in the prices of Bitcoin and XRP. While the total market capitalization remained above $2.22 trillion, hinting at a pause following recent rallies, traders exhibited cautious behavior. Bitcoin’s price dipped slightly by 0.03%, settling at $84,665.27, while Ethereum experienced a similar drop of 1.14% leading to a price decline to $1,583.88. Despite the short-term dip, Bitcoin remains up 4.41% over the past week, and Ethereum has held steady with a 2.25% gain in the last seven days. Tether, the largest stablecoin by market capitalization, maintained its close peg of $0.9999 while recording the highest daily volume among the top five at $45.29 billion, signifying continued liquidity. XRP saw a dip of 1.07% over 24 hours but still maintains price above $2, currently trading at $2.06 with a 3.43% gain over the week. BNB was the sole top-five asset to post a daily gain, rising 0.89% to $588.45 and marking a 1.33% increase in the past week. While this positive momentum, some of the largest crypto assets are showing signs of consolidation after recent gains. Overall market volume has slowed down as investors await clearer signals and a period of cautious trading emerges.