Bitcoin Remains Steady as Altcoin Prices Slide

The cryptocurrency market is feeling the pressure today with the total market capitalization dropping 3 percent to 2.71 trillion dollars. While most of the market is trending downward, Bitcoin is showing a bit more resilience than the rest of the pack. It is currently trading at 77,285 dollars.

Altcoins are taking a much harder hit during this current selloff. Ethereum has dipped to 2,438 dollars while XRP has fallen to 1.36 dollars. Solana also saw a slide down to 100 dollars. These assets are all down between 3 and 5 percent over the last day.

Traders are watching to see if Bitcoin can hold its current position or if the selling pressure will spread further. Market participants should keep a close eye on these support levels as volatility continues to pick up across the board.