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Crypto market stays flat near $2.86T as altcoins rotate

Across liquid tokens, Hedera fell 12.1% over 24 hours, while Sushiswap rose 5.1%, signaling a rotation within the market as majors slid around 1%.

Reported · Written up by our desk · Market Structure

Crypto market capitalization held steady at about $2.86 trillion for the third straight day, even as the dollar strengthened and global government bond yields rose, according to Action Forex.

The outlet said that over the past 24 hours, some of the most liquid coins saw profit-taking, with steep declines in Hedera (down 12.1%), Algorand (down 7%), and IOTA (down 6.5%).

Sushiswap was among the top performers (up 5.1%), alongside NEAR Protocol (up 5%) and Aave (up 3.8%), while Bitcoin, Ethereum, BNB, XRP, and Solana were also lower by roughly 1%.

Action Forex added that Bitcoin traded mostly between $83,000 and $84,000 over the period, with intraday volatility narrowing, as major cryptocurrencies stayed under pressure linked to more cautious sentiment in traditional markets.

Latest closeBitcoin $83,233.49 ▼0.5%|Ethereum $2,676.94 ▲0.0%|Solana $118.60 ▼0.4%

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