The cryptocurrency market faced sharp declines over the past 24 hours, with major coins turning red across the board. Bitcoin (BTC) led the downturn, falling by 0.7 percent to $104,663 as investor sentiment weakened following a week of upward movement.
The drop signaled a broader sell-off that quickly spread across other top cryptocurrencies. Ethereum (ETH) also slipped by 0.4 percent to $2,615.46, moving in tandem with Bitcoin’s downward pressure.
The decreasing trend resulted from a slowdown in trading, as investors preferred not to buy large-cap assets. XRP ended up with a steeper decrease by 1.7 percent, now at $2.20, as buyers shifted focus away from high-volume assets.
Solana (SOL) saw one of the steepest 24-hour declines among major tokens, dropping 2.2 percent to $152.87. After a period of gains, the decline indicated that investors had started to cash out their earnings.
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BNB fell by 0.5 percent to $665.91, but Dogecoin saw the biggest decline, dropping 3.1 percent to $0.1894. As leading cryptocurrencies went down, it was a clear correction, creating more volatility and making it easier for lesser-known assets to move.
While Majors Sink, These 5 Altcoins Post Explosive Gains
Despite the broad market downturn, several altcoins delivered massive gains within the same 24-hour window. Polymath (POLY) led the breakout with a surge of 299.6 percent, trading at $0.149. Its rapid rise came amid a sharp uptick in volume and renewed attention from traders seeking quick returns.
LiquidLaunch (LIQD) gained 41.5 percent to $0.05997 and became one of the most striking daily performers. The Arena (ARENA) had the next best performance, rising by 33.4 percent to reach $0.01173, followed by Railgun (RAIL), which increased 30 percent to $1.02 because of growing attention.
The last entry, Launch Coin (LAUNCHCOIN), went up 23.4% on Believe, reaching $0.1461 for a traded volume of over $39 million. Altcoins did extremely well, which reflects a change in traders’ attention from large assets to quick opportunities in small markets.
While major cryptocurrencies like BTC, ETH, and SOL faced a 24-hour correction, a handful of altcoins soared against the trend. The contrasting movements underscored rising volatility and signaled that investors are actively rotating funds in search of faster returns.
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