🔴 CRYPTO MARKET UPDATE MORNING May 12, 2025: CORRECTION AND SELLING PRESSURE

The crypto market is witnessing a significant bearish correction, moving into the red after 2 days of impressive growth. Major assets are down in the last 24 hours

1. 📉 Top Coins Performance

Bitcoin ($BTC) is currently trading around $92,700.43, down 1.18% in 24 hours. BTC Maintains High Market Dominance, Reaching 58.76%

Ethereum ($ETH) is at $3,185.72, down slightly by 1.01%

Solana ($SOL) is under heavy selling pressure, down 3.85%, to $139.87

XRP ($XRP ) also recorded a significant drop of 4.25%, trading at $2.1108

The decline was heavily concentrated in Altcoins such as Solana and XRP, suggesting profit-taking is taking place after recent gains

2. 🎯 Technical Context: Decision at $93K

This bearish correction has important technical implications, especially for Bitcoin $BTC :

Bitcoin price has failed to break and holds above the important resistance level of $93,000. This rejection suggests that selling pressure at this price level is very strong

A continued failure to break the resistance could trigger Scenario 1 (Setup 1), leading to a deeper correction towards the next support zone of $78,000 – $80,000

3. ⚖️ Stablecoin Flows and Digital Assets

Stablecoin Liquidity: Total Stablecoin market capitalization remains high at $80,238 Billion, with USDT dominating the pack

Stablecoin Distribution: In the past 24 hours, Aptos has received the largest Stablecoin flow, followed by Solana. This shows that despite the falling prices, high-performance networks are still being used to circulate liquidity

Tokenized Assets: Tokenized stocks on Ondo Finance $ONDO have still recorded very strong growth over the past 30 days, showing that the market interest in real-world assets (RWA) remains unaffected by the short-term crypto price correction