Crypto Market Pullback: Why Bitcoin, Ethereum, Dogecoin, and Cardano Are Under Pressure Today

The cryptocurrency market experienced a notable pullback today, with major digital assets including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Cardano (ADA) trading in the red. Over the past 24 hours, the total crypto market declined by 1.72%, although it still maintains a weekly gain of 3.14%. This downturn reflects a shift in investor sentiment after recent price rallies, as traders opted to lock in profits amid regulatory uncertainty and heavy liquidations.

One of the primary drivers behind the decline was large-scale liquidations across the market. Ethereum led the way, recording total liquidations of $61.6 million, with long positions accounting for $40.4 million. Bitcoin followed closely, seeing $53.64 million in liquidations, largely from leveraged long trades. These forced sell-offs increased downward pressure on prices and accelerated the broader market correction. Dogecoin and Cardano were also impacted, dropping approximately 4% and 3% respectively, as speculative interest cooled.

Regulatory concerns further weighed on crypto prices. Bitcoin and other major tokens fell after a key U.S. Senate committee delayed an important crypto market structure bill. This postponement extended regulatory uncertainty, prompting investors to reduce exposure to risk assets. At the same time, the Crypto Fear & Greed Index slipped back to neutral territory, signaling growing caution among traders as global markets delivered mixed signals.

Bitcoin was trading around $94,773 at the time of writing, down 2% on the day. While BTC recently tested resistance near $95,000, failure to decisively break higher has left the outlook uncertain. A sustained move above this level could open the door to $96,000 and potentially $100,000, while continued bearish pressure may result in a pullback toward the $90,000 range. Ethereum similarly struggled after facing resistance near $3,400, falling to around $3,276, with downside risk toward $3,100 if weakness persists.

Dogecoin traded near $0.1362 after its pullback, hovering near key support, while Cardano fell to approximately $0.3830. For ADA to regain bullish momentum, a breakout above $0.40 with strong volume would be required. Until then, the broader crypto market remains cautious as traders navigate profit-taking, regulatory delays, and shifting sentiment.