Crypto market caps dip below $4T as top tokens retreat

Global crypto market capitalization dropped below $4 trillion, sliding to ~$3.97T as Bitcoin fell ~1% and Ethereum eased marginally. Nine of the top ten coins posted losses; only Solana gained ~4%. The pullback follows rising U.S.–China trade tensions and anticipation around the Fed’s next rate moves. Analysts view the retreat as risk-off conditions returning. Traders are watching stablecoins flows, on-chain metrics, and regulatory developments for signs of a turn.