Crypto Market Stalls: Bitcoin & Ethereum Stuck in Limbo as Altcoins Plunge 4% (June 12)
Crypto markets hit the snooze button today—BTC and ETH wobble like a toddler on caffeine while altcoins faceplant.
Major coins play chicken with volatility
Bitcoin and Ethereum can''t decide whether to break resistance or test support levels—leaving traders staring at charts like overcaffeinated owls.
Altcoins bleed out
The rest of the market isn''t waiting around—altcoins collectively dumped 4% faster than a hot NFT project post-reveal. Even ''stable'' coins caught the jitters.
Meanwhile, Wall Street analysts still claim crypto''s ''dead'' between sips of their $8 oat milk lattes. The irony? Their pension funds are quietly stacking SATs.
Source: CoinMarketCap
Following the downtrend, ethereum (ETH) also faced selling pressure, dropping to $2,710 after hitting a high of $2,872 earlier today. Though $240 million in ETF inflows signals sustained institutional interest in Ethereum, despite $107 million in liquidations shaking investor confidence. Analysts predict a potential recovery toward $2,800–$2,900 by weekend if bullish momentum returns.
Both the leaders have set a bearish sentiment for the altcoin market, with major coins like XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) showing signs of weakness. The altcoin market has declined up to 5% as most of the alts from top 100 crypto assets see red charts.
Trending Crypto Today%
- BTC (Bitcoin)
- NUB (nubcat)
- HMSTR (Hamster Kombat)
- TRX (Tron)
- NEXPACE (NXPC)
Top Gainers and Losers Today
| Gainers | Losers |
| SPX (SPX6900): +9% | CRV (Curve DAO): -9% |
| AB (AB): +2% | RAY (Raydium): -9% |
| FLR (Flare): +1% | ENS (Ethereum Name Service): -7% |
Crypto Market Cap Overview
As per CoinMarketCap data, the global crypto market cap today sits at $3.37 trillion in valuation, having a 24 hour trading volume of $131.15 billion. The CoinMarketCap 100 Index—which tracks performance of 100 largest crypto assets—has shrunk 2.51% today.
Also read: Ripple Launches $700M Buyback at $175 Per Share; How It Affects XRP Price?
