Binance Coin (BNB) is down 1.04% to $631.21, underperforming a slightly positive broader market. This is primarily driven by capital rotating into Bitcoin amid weak demand for altcoins.

XRP price is down 1.35% to $1.43 over the past 24h, underperforming a slightly weaker broader market, primarily driven by bearish derivatives positioning amid a risk-off sentiment spillover from Bitcoin.

Cardano (ADAUSD) is down 0.84% to $0.249 in 24h, underperforming a slightly negative broader market, primarily driven by a technical rejection at key resistance and a lack of bullish momentum.

Bitcoin (BTCUSD) retreated by 1.13% to $77,357.32, slightly underperforming a broadly flat crypto market, primarily driven by a modest pullback amid cooling sentiment and reduced leverage.

Morgan Stanley Investment Management has launched the Stablecoin Reserves Portfolio, ticker MSNXX, as part of its Institutional Liquidity Funds platform, structured as a government money market fund targeted at stablecoin issuers.

Dogecoin (DOGEUSD) price climbed to $0.0975, slightly outpacing a flat market, driven primarily by speculative positioning in derivatives markets.