Crypto Market Slips as Traders Take Profits; Dogecoin and ADA Lead Losses

The crypto market faced renewed pressure Thursday as profit-taking intensified, particularly across large-cap altcoins. While Bitcoin (BTC) managed to stay above the critical $105,000 support zone, several major tokens saw notable declines.

Dogecoin (DOGE) and Cardano’s ADA were the session’s biggest underperformers, falling more sharply than peers. Other top tokens including Solana (SOL), BNB, and XRP also traded lower, shedding between 1% and 2%, as short-term traders continued to lock in gains from earlier rallies.

“Markets are recalibrating after a strong first quarter,” said Anna Liu, CEO of HashKey Tokenization, in a note to CoinDesk. “We’re seeing routine de-risking, especially in altcoins, even as ETF inflows into BTC and ETH suggest longer-term conviction is intact.”

The Crypto Fear & Greed Index dipped slightly to 62, still in “greed” territory, but off recent highs—indicating some cooling of investor enthusiasm.

From a technical perspective, analysts see a mixed picture. FxPro’s Alex Kuptsikevich said Bitcoin’s recovery from $103,000 has improved the outlook, but momentum must hold to confirm a breakout toward $130,000.

Meanwhile, Ether (ETH) remains pinned below its 200-day moving average, with $2,700 viewed as the key resistance level to watch. On the downside, CryptoQuant analysts warned of a potential correction toward $96,700, citing short-term holders’ cost basis as a possible magnet level if risk sentiment deteriorates.