The entire crypto market is in a broad, technically confirmed downtrend today. Here’s everything you need to know.

🔴 Major Coins — Price Action & Technicals

Bitcoin (BTC) is trading around $66,180, down 2.66% today, 3.8% on the week, and a brutal -26% on the month. RSI14 sits at 34 — dangerously close to oversold but not yet at the floor. MACD is deeply negative at -3,720. altFINS trend scores: Strong Down 1/10 short-term, 0/10 medium-term. Volume is running at only 0.32x the average (relative volume), confirming this isn’t panic selling with conviction — it’s a slow bleed with weak buyer interest. Key support is at $84,447 (the prior range), which has already been broken — next meaningful support is far below current price.

Ethereum (ETH) is the second hardest hit large cap, down 3.76% today and -35.7% on the month — one of its worst 30-day stretches in recent memory. Trading at ~$1,900, it’s barely holding above the $1,746 support level. RSI14 at 31.8, right at the edge of oversold. Volume is also thin (0.29x average). Resistance above is a long way away at $2,775 and $3,403.

Solana (SOL) is the biggest loser today: -6.3% on the day, -7.4% on the week, -37.9% on the month. RSI at 33.4, trend score 0/10 on both timeframes. Notably, SOL actually has the highest relative volume of the majors at 0.42x average — suggesting more active selling rather than just drift. Current price ~$79.75 is well below the $116.87 support level, which has now flipped to resistance.

XRP is holding up slightly better, down just 1.9% today though -27.6% on the month. RSI is the least oversold of the group at 37.9, with support at $1.12.

BNB is off 2.6% on the day and -31.7% on the month, with RSI at 31.8 and nearby support at $570–$601.

📊 Breadth: It’s Not Just the Big Caps

Looking at the top 10 coins by market cap, every single one is rated “Strong Down” on altFINS short-term trend scoring. DOGE, ADA, LINK, and LEO are all in the same boat. RSI14 values across the board are clustering in the 31–41 range — a market that is approaching oversold territory across the board but hasn’t triggered a bounce signal yet. Volume relative to average is low across all assets (0.29–0.42x), which tells us this selloff is happening on quiet volume — meaning there’s no strong capitulation flush yet to mark a bottom.

❓ Why Is the Crypto Market Down?

Several forces collided today:

1. Mass Liquidations — $360M+ wiped out. A cascade of forced selling hit as BTC broke below $65K, liquidating over $360M in leveraged long positions in a matter of hours. This kind of event amplifies moves and turns modest dips into sharp crashes.

2. Vitalik Buterin selling ETH. Buterin sold 1,869 ETH (~$3.6M) today, his total February sales now reaching roughly 8,800 ETH. The market reads founder sells as a bearish signal regardless of the reason, and it hit ETH sentiment hard — contributing to its 35%+ monthly decline.

3. Macro uncertainty — US trade policy shock. A US Supreme Court ruling striking down Trump’s tariff policies sent shockwaves through global forex and risk markets. Crypto, increasingly correlated to risk assets, sold off alongside equities and risk FX as investors moved to safety.

4. The technicals had no floor. With BTC’s prior support at $84,447 already broken weeks ago, and RSIs in the 30s on no volume, there was no technical catalyst for buyers to step in. The market is in a confirmed “Strong Down” state with no reversal signal on any major asset.

🔭 What to Watch

RSIs approaching 30 on BTC, ETH, and BNB could signal a short-term bounce zone, but with volume below average and every trend score at zero, there’s no confirmation of a reversal yet. Watch for a spike in relative volume and MACD histogram improvement as early signs that sellers are exhausted. Until then, the trend remains firmly bearish.

Data: altFINS screener and altFINS NewsPortal