Crypto Market Takes a Breather Amid External Headwinds

The cryptocurrency market took a breather over the past 24 hours, falling by 3% to $2.86 trillion after a 15% rally since mid-September and nearly 40% rise from its mid-August lows.

External factors such as a strengthening US dollar, spike in bond yields, and decline in share prices triggered selling in risk assets, leading to profit-taking in cryptocurrencies.

The support zone that was in place from November 2025 to February 2026 has become a resistance level, preventing the market from quickly returning to the consolidation zone around $3.0 trillion-$3.25 trillion.

Among the top 40 most liquid coins, sharp declines ranged from -0.3% (ETH) to -10.5% (UNI), while only BTC was 5.5% higher than it was a day ago.