The global crypto market is experiencing a pullback, with the total valuation dipping about 2.5% to $3.96 trillion. Despite the drop, trading volume is rising, up roughly 11% to $192.8 billion, indicating heightened activity amid declining prices .
Major cryptocurrencies have taken a hit: Bitcoin dipped below $120,000, falling around 2.6% over the past 24 hours, while altcoins like Solana and Dogecoin dropped 5–6% . Interestingly, Ethereum bucked the trend, posting a robust 44% gain over the last month, reaching near-record highs .
Why the slump? The pullback seems to be driven by short-term profit-taking following recent rallies, leading to a broad market correction. Higher trading volumes suggest heightened investor activity as market participants reassess positions amid ongoing volatility.$BTC $BNB $SOL