- Bitcoin and Ethereum tumble, sparking heavy losses across major altcoins.
- Crypto market reels as Dogecoin, Solana, Cardano suffer sharp declines.
- Donkey and Ontology soar, defying the market’s widespread daily downturn.
The cryptocurrency market faced heavy losses in the past 24 hours, as Bitcoin, Ethereum, and other major assets slipped into the red. Selling pressure dominated trading, and consequently, investors witnessed a sharp decline across top digital currencies. Meanwhile, smaller tokens moved in the opposite direction, recording strong daily rallies.
Bitcoin (BTC) dropped 2.5% in the last day, falling to $111,987. Despite high trading activity of $44.26 billion, the decline reduced its recent upward momentum. Ethereum (ETH) followed the same pattern, losing 2.6% to trade at $4,638. Moreover, its daily volume of $44.02 billion underscored strong participation even as prices weakened.
XRP (XRP) also recorded a loss, slipping 2.5% in 24 hours to $2.96. Additionally, its daily trading volume exceeded $6.36 billion, reflecting sustained investor activity despite the broader downturn.
Also Read: Malaysia’s Central Bank Names XRP and Bitcoin as Future Cash Alternatives
Altcoins Join the Market Downturn
Other major altcoins extended the negative trend. BNB (BNB) fell 0.6% in the past day to $866.86, while Solana (SOL) declined 2.1% to $203.27. Consequently, the asset gave back part of its recent momentum.
Dogecoin (DOGE) faced the steepest decline among leading assets, dropping 4.0% to $0.2232. TRON (TRX) also weakened, losing 2.9% in 24 hours to $0.3547. Furthermore, Cardano (ADA) shed 2.5%, trading at $0.8834 after recording $2.79 billion in daily volume.
Staked assets were not spared in the downturn. Lido Staked Ether (STETH) mirrored Ethereum’s movement, falling 2.5% to $4,628.54. Wrapped Staked Ether (WSTETH) also slipped, declining 2.7% in 24 hours to $5,607.33.
Chainlink (LINK) added to the list of decliners, losing 0.6% over the past day. Nevertheless, its $1.93 billion trading volume indicated that interest in the token remained intact.
Smaller Tokens Defy the Trend With Daily Surges
While large-cap cryptocurrencies declined, smaller tokens stood out with notable rallies. Donkey (DONKEY) surged 85.3% to $0.06424, backed by $28.75 million in volume. Ontology (ONT) also gained strongly, climbing 44.9% to $0.1988 on trading activity of $231.64 million.
Additionally, Qtum (QTUM) advanced 29.6% to $3.18 with more than $616.15 million in daily trades. Freysa AI (FAI) followed the same path, rising 25.8% to $0.01673. Moreover, Ontology Gas (ONG) posted a 19.5% increase to $0.2122, while Launch Coin on Believe (LAUNCHCOIN) climbed 19.4% to $0.05395.
The past 24 hours turned into a crypto bloodbath, as major assets, including Bitcoin, Ethereum, and Solana, all recorded losses. However, smaller-cap tokens such as Donkey, Ontology, and Qtum staged impressive gains, showing that opportunities still emerged even during a broader market sell-off.
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