Profit-Taking Hits Crypto Market as Dogecoin and Cardano Lead Declines

The crypto market is feeling the pressure of ongoing profit-taking, with dogecoin (doge) and cardano (ada) posting the largest losses among major tokens. Despite the broader weakness, bitcoin (btc) is holding steady above $105,000, signaling resilience amid short-term uncertainty.

Dogecoin dropped to $0.18913, and Cardano fell to $0.67984, marking the steepest pullbacks in the top crypto ranks. Meanwhile, xrp, solana (sol), and bnb each slipped around 1.5%, while tron (trx) stood out with a 1.9% gain, being the only major coin in the green.

Analysts point to macroeconomic and regulatory headwinds as contributors to the cautious sentiment. Anna Liu, CEO of hashkey tokenization, highlighted that while volatility persists, institutional flows into btc and eth ETFs signal long-term confidence in crypto as a strategic asset class.

The crypto fear and greed index remains in the greed zone at 62, though it has dipped slightly in the past 24 hours.

FxPro’s Alex Kuptsikevich sees bitcoin’s rebound from the $103K level as a possible beginning of a new upward phase that could push the price toward $130K. However, ether (eth) continues to face resistance near its 200-day moving average, with a key breakout level sitting at $2,700.

On-chain data from cryptoquant suggests a possible correction in bitcoin toward $96,700, which aligns with the average entry point of short-term holders.