The crypto sector is in trouble as Bitcoin (BTC) and Ethereum (ETH) are crashing down.

The cryptocurrency market is experiencing cautious recovery as investors manage their portfolios ahead of key economic data from the United States. Amid global market stress, Bitcoin (BTC) and most major altcoins reflect a bearish sentiment in the industry.

The Widespread Decline Across the Crypto Sector

The total cryptocurrency market is continuing its long-term downtrend, with significant liquidations reaching $583 milyong USD in the past 24 hours. Most of these liquidations are from traders’ long positions expecting price increases.

Market sentiment has reached the “extreme fear” level, with the Crypto Fear & Greed Index dropping to just 11. This indicates deep market anxiety and declining confidence among participants.

The total cryptocurrency market capitalization has decreased by approximately 4% to $2.94 trillion. However, the 24-hour trading volume has increased by 27% to $119 billion, indicating high trading activity and volatility.

Bitcoin (BTC) and Ethereum (ETH) Lead Opportunities

Bitcoin (BTC) experienced a significant pullback from higher levels. On Monday, BTC traded above $90,000, but negative market dynamics pushed the price downward. The cryptocurrency reached a low of $85,337 before finding support and rebounding.

Currently, Bitcoin is trading around $92.16K, with a +1.52% 24-hour gain, showing a partial recovery from the worst levels. However, volatility remains high.

Ethereum (ETH) experienced larger declines compared to Bitcoin. The second-largest cryptocurrency fell below the critical $3,000 support level. From $3,150 on Monday, ETH dropped to a low of $2,980 on Tuesday, forming a 24-hour low of $2,929.

At present, Ethereum is trading at $3.16K with a +2.04% change, also showing signs of partial recovery momentum.

Other Major Coins Follow the Bearish Trend

Ripple (XRP) fell below $2 support level, decreasing nearly 6% to $1.87. Currently, XRP is trading at $2.08 with -0.57% movement.

Solana (SOL) declined about 5% in the recent trading period, settling around $125. But now, SOL has recovered to $143.01 with an impressive +5.04% 24-hour gain.

Other altcoins also experienced significant drawdowns. Dogecoin (DOGE) fell 5.48% to $0.128, while Cardano (ADA) declined 5%, and Chainlink (LINK) dropped over 6% to $12.72.

Currently, Cardano is trading at $0.40 with a +1.86% gain, while Chainlink has risen to $13.41 with a +1.10% movement, indicating sector recovery.

Stellar (XLM), Hedera (HBAR), Toncoin (TON), Litecoin (LTC), and Polkadot (DOT) also recorded significant declines recently. Now, these coins show mixed performance: HBAR +1.20%, TON +1.44%, LTC -1.65%, and DOT +0.56%.

Husky Inu (HINU) Continues Fundraising Campaign

Amid market turbulence, the Husky Inu (HINU) project continues its funding round. The token has reached $0.00023840 in recent trading activity.

The project has raised $905,549 in its fundraising campaign, although the pace is slowing. The team has set significant milestones: reaching $750,000 on May 16, $800,000 on June 15, $850,000 in July, and surpassing $900,000 in October.

In just about four months before the official launch date, the team has held a series of review meetings to ensure proper launch timing. The first two meetings took place on July 1 and October 1, 2025, while the third is scheduled for January 1, 2026, with the launch date subject to change based on project readiness.