#TradingTypes101 As of Thursday, May 29, 2025, the cryptocurrency market is experiencing a slight downturn, with Bitcoin and several altcoins showing modest declines.

The global cryptocurrency market capitalization has dipped to approximately $3.42 trillion, reflecting a 0.26% decrease over the last 24 hours .

Bitcoin (BTC) has fallen below $108,000, trading around $107,954 as of 12:47 PM IST, after reaching a low of $106,812 earlier in the day. This decline is attributed to sustained profit-taking following recent record highs .

Ethereum (ETH), however, is demonstrating resilience, trading above $2,650. Analysts suggest that Ethereum could outperform Bitcoin in the near term due to its staking yields appealing to large investors .

Altcoins are showing mixed trends. XRP is trading around $2.29, while BNB is slightly up at approximately $687. Cardano (ADA) is experiencing a minor decline, trading near $0.75.

In other news, stablecoin giant Circle is targeting a valuation of up to $6.71 billion in its upcoming U.S. initial public offering .

Overall, the cryptocurrency market remains volatile, with varying performances across different digital assets.