Cryptocurrency market overview: altcoins run the show

Cryptocurrency market picture is mixed.
Bitcoin is glued to $4,000 handle.
Tron is an obvious leader of the day with over 19% gains.

Tanya Abrosimova Independent Analyst

The cryptocurrency market is a mixed picture today with some major altcoins including Ripple's XRP, TRON (TRX), EOS, Cardano (ADA), and DASH growing strongly despite Bitcoin's sluggish consolidation. The altcoins' rally took the total cryptocurrency market capitalization to $138B from Wednesday's low of $136.3B.

Bitcoin is hovering around to $4,000 handle. The largest digital coin is mostly unchanged both on a daily basis and since the beginning of Thursday. Depressingly low volatility keeps BTC squeezed in a narrow range limited by $4,050 on the upside and $3,980 on the downside.

Ethereum, the second largest coin in Coinmarketcap's rating, lost 1.5% of its value since this time on Wednesday to trade at $151.67 by the time of writing. ETH/USD is pressured down by the upcoming Constantinopole upgrade; however, the short-term trend remains bullish as long as it stays above $150.00 handle.

Ripple's XRP, the third largest coin by market capitalization, has gained over 3% on a day-to-day basis. The coin tested area above $0.3900 during early Asian hours, however, the breakthrough was not confirmed as it returned to $0.3800 fairly quickly amid profit taking on speculative positions. XRP/USD is changing hands at $0.3798 at the time of writing.

Tron (TRX) is still the best-performing altcoin with nearly 20% of gains on a day-to-day basis. TRX surpassed Tether by market value and took the 8th place in Coinmarketcap's rating. The coin's capitalization is registered at $2B; an average daily trading volume is creeping closer to $400M which is twice as much as at the beginning of the week.

Read more about TRON momentum

Author

Tanya Abrosimova

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.