The overall crypto market cap (TOTAL) and Bitcoin ($BTC) opened Thursday under selling pressure, setting a bearish tone across the market. Early weakness in BTC quickly spilled over into altcoins, triggering broad declines and heightened volatility.
Bitcoin struggled to maintain key intraday levels, reflecting cautious sentiment among traders as risk appetite cooled. The drop in TOTAL confirms that capital is temporarily flowing out of the market rather than rotating between sectors.
Among altcoins, River ($RIVER) recorded the steepest decline, plunging 27% within the session. The sharp move suggests aggressive profit-taking and weak short-term demand, placing $RIVER under close watch for potential support levels.
While short-term momentum remains negative, market participants are closely monitoring Bitcoin’s next move, as any stabilization or rebound in BTC could help ease pressure on the broader market. Until then, volatility is expected to remain elevated, especially for low-liquidity altcoins.
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