The crypto market faces a downturn with Bitcoin dropping below $94K amidst ETF outflows, while some altcoins post gains.

The cryptocurrency market has experienced a notable downturn, highlighted by Bitcoin's fall below $94,000 due to elevated sell-offs and outflows from ETFs. The global crypto market capitalisation currently stands at $3.16 trillion, with $103.43 billion traded in the last 24 hours. Bitcoin briefly touched $93,400 before rebounding to surpass $95,000. Similarly, Solana witnessed a decline to $160 but recovered slightly to $169 amid concerns surrounding token unlocks and increased selling pressure. Despite the broader market showing bearish sentiments, certain altcoins like IP, TAO (Bittensor), BERA (Berachain), APT (Aptos), and GNO (Gnosis) managed to record gains exceeding 10% within a 24-hour period. Conversely, cryptocurrencies like Maker (MKR) and OM (MANTRA) saw declines of approximately 6%. Such trends illustrate the polarising movement within the market, where altcoins are finding pockets of strength even in the face of overall challenges. Major macroeconomic developments and regulatory factors, including Bitcoin ETF outflows and geopolitical events like President Donald Trump's new tariffs on major economies such as China, Canada, and Mexico, have contributed to the downward pressure. Traders have shifted focus towards emerging assets and altcoins with high potential as the market undergoes corrections. Trending cryptocurrencies include Solana (SOL), Litecoin (LTC), Zebec Network (ZBCN), Hedera (HBAR), and Hyperliquid (HYPE). Their activity is driven by volume and increased attention from investors, though their long-term stability remains uncertain amid prevalent volatility. Looking ahead, investors will closely monitor ETF trends and geopolitical influences, which are expected to shape the near-term market outlook. While the broader sentiment remains cautious, opportunities in select altcoins signal adaptive market strategies among traders.