- Bitcoin, Ethereum, XRP tumble as crypto market sell-off deepens.
- Major cryptocurrencies record steep losses in synchronized 24-hour downturn.
- Altcoins follow Bitcoin’s decline, mirroring widespread bearish market sentiment.
The cryptocurrency market was rattled earlier today as a sharp wave of selling swept across major digital assets, resulting in steep losses for Bitcoin (BTC), Ethereum (ETH), XRP, and other top cryptocurrencies. The downturn quickly spread through the market, triggering declines across nearly all leading cryptocurrencies.
Bitcoin (BTC) fell 2.5% over the last 24 hours, reaching a price of $118,906, and its market capitalization decreased to $2.36 trillion. The daily volume traded was high at $65.61 billion as people traded actively despite the severe pullback. The fall of BTC led to a wider market sell-off that affected some of the leading digital assets.
Ethereum (ETH) declined 2.4 percent to $4,638.24, with a daily trading volume of $68.22 billion. Its market cap diminished to $560.11 billion, and the loss is associated with its price similarity to BTC. The negative market sentiment was augmented by the total losses in both leading assets.
XRP declined by 4.3 percent to $3.11 with a trading volume of $10.30 billion and a market cap of $184.75 billion. The decline in the token followed the negative impulse of BTC and ETH, which reflected the general weakness in the market.
Also Read: Cardano Soars to $1 on Golden Cross Before Sudden Sell-Off Hits Bulls
BNB declined 1 percent to $850.38, with a $5.17 billion trading volume. Its market cap of $118.48 billion indicated a lesser loss compared to others, but it was still following the bearish trend.
Altcoins Deepen Losses in Sell-Off
Solana (SOL) fell 4.4 percent to $197.21, with $13.83 billion in daily trading and a $106.47 billion valuation. The decline was more pronounced than that of BTC, indicating the greater volatility of altcoins in sell-offs.
Dogecoin (DOGE) fell 6 percent to $0.2306, registering one of the most significant drops among the leading cryptocurrencies. The high selling pressure was evidenced by its $34.70 billion market cap and $6.41 billion trading volume.
Cardano (ADA) shed 4.9 percent to $0.9495, with $5.62 billion in daily trades and a $34.54 billion market cap. TRON (TRX) also fell 2.4 percent to $0.358, with trading volume and market cap of $2.78 billion and $33.90 billion, respectively, all in line with the market.
Top 24-Hour Gainers Defy the Downtrend
While most major coins fell, RyuJin (RYU) surged 372.7 percent to $0.073823, Codatta (XNY) jumped 39.7 percent to $0.02005, and SAFEcoin (SAFE) gained 34.9 percent to $0.2466. Diverge Loop (DLC) advanced 33.6 percent to $0.2133, Orderly (ORDER) rose 25.8 percent to $0.166, and MYX Finance (MYX) climbed 18.8 percent to $1.70, proving that some altcoins moved against the broader sell-off.
Also Read: Coinbase Slashes XRP Reserves by 57% as Massive Token Transfers Spark Speculation
