Major cryptocurrencies are trending lower today as macroeconomic tensions and speculative activity shake market confidence.

🟠 Market Overview: Broad-Based Declines

The global cryptocurrency market is experiencing a pullback today, down 2.4% in the past 24 hours to a total capitalization of $3.1 trillion. According to data from CryptoNews, 92 of the top 100 coins are in the red.

🔻 Bitcoin and Ethereum Face Heavy Selling Pressure

Bitcoin (BTC) dropped 4%, briefly falling below the $88,000 threshold before rebounding to $89,000. Meanwhile, Ethereum (ETH) saw a sharper slide, losing 13% over two days and trading under $3,000, despite whale wallets accumulating over $360 million worth of ETH.

Why? The dip appears linked to rising global tension after renewed tariff threats by former U.S. President Donald Trump, triggering a cautious risk-off sentiment across traditional and digital assets.

📉 SKR Token Drops Post-Airdrop

Seeker’s SKR token launched with high expectations following a 2 billion token airdrop via Solana Mobile. But early holders quickly began selling, causing high volatility and a sharp decline in price. The airdrop was worth approximately $26.6 million at launch, but the selling pressure has raised concerns about long-term utility and holder retention.

💡 XRP Shows Signs of Stabilization

XRP has corrected 16% since January 14. Although it’s still down about 2% today, on-chain metrics suggest that selling pressure may be waning. A key volume metric has hit a 6-month low, which historically preceded recovery phases in past market cycles.

If XRP can hold current levels and regain momentum, a short-term recovery may be on the horizon.

📊 Key Takeaways for Investors

• Market Sentiment: Risk-off behavior is intensifying due to geopolitical uncertainty and macroeconomic fears.
• BTC & ETH: Both facing strong resistance levels amid sell-offs, despite whale interest in Ethereum.
• Altcoins: Many tokens are following BTC’s lead downward, but individual stories (like XRP and SKR) show mixed sentiment.

✅ What You Can Do Now

• Keep an eye on macroeconomic news—especially around U.S. tariffs and global trade policy.
• Watch Ethereum addresses holding >10k ETH for trend confirmation.
• Consider XRP if accumulation signals continue to show up in on-chain data.

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📌 Final Thoughts

The crypto market is facing a confluence of macroeconomic headwinds and short-term speculative rotations. While long-term fundamentals remain intact for top assets, short-term caution is warranted. Stay informed, diversify smartly, and monitor key metrics to navigate this volatile phase effectively.