Bitcoin Holds $119K as Altcoins See Broad Pullback

Bitcoin remains stable at around $119,000, showing minimal movement over the past 24 hours. The price had recently dropped to a low of $114,500 due to an 80,000 BTC sell-off by Galaxy Digital on behalf of a third party. After the sale, BTC quickly rebounded to the $117K–$120K range but faced another rejection near the upper boundary. With the Federal Reserve meeting approaching, increased volatility is expected in the coming days. Bitcoin’s market cap holds at $2.365 trillion, and its dominance over altcoins has edged above 59%.

In contrast, the altcoin market is pulling back after recent gains. ENA leads the losses with a 10% drop, followed by SUI, PEPE, and AVAX. Other major altcoins like XRP, BNB, SOL, DOGE, ADA, LINK, and XLM have also turned red. ETH remains near $3,900, supported by ongoing ETF demand, while TRX and HYPE are among the few altcoins in positive territory.

The total crypto market cap, which recently climbed to $4.05 trillion, has now slipped below $4 trillion after losing over $50 billion.