- Bitcoin drops below $72,000, triggering sharp losses across major cryptocurrencies
- Altcoins slide deeply as market volatility intensifies amid heavy selling pressure
- Select smaller tokens gain despite broad crypto market downturn
The cryptocurrency market opened under heavy pressure, with red dominating price charts across major digital assets as selling momentum intensified amid rising volatility and weakening risk appetite across global trading platforms.
Bitcoin led the downturn, slipping below the $72,000 level and dragging the broader market lower after declining 7.2% to $71,004.39, which set a bearish tone for the entire session. The drop in Bitcoin quickly spilled over into other large-cap cryptocurrencies, consequently pushing market participants into defensive positioning as losses widened across high-volume tokens.
Ethereum followed the broader selloff, falling 7.8% to trade at $2,099.23, while trading activity remained elevated and signaled active repositioning rather than reduced participation.
Binance Coin recorded one of the steepest declines among major assets, with the token dropping 9.1% to $692.39 as strong intraday selling pressure dominated price action. XRP experienced sharper losses, sliding 10.3% to $1.43, a move that highlighted increased altcoin sensitivity during periods of heightened market stress.
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Solana also moved lower, shedding 6.9% to trade at $90.85, although trading volume stayed relatively strong compared to recent sessions. Dogecoin declined 5.7% to $0.1017 as speculative interest cooled alongside falling prices, while TRON showed relative resilience by easing 2.2% to $0.2806.
Selective altcoin gains emerge amid market-wide selloff
Despite widespread losses among major cryptocurrencies, several smaller tokens posted notable gains during the same trading period, signaling selective risk-taking rather than a broad market recovery.
The White Whale surged 17.6% to trade at $0.1112, while World Mobile Token advanced 13.9% to $0.09282, supported by increased trading activity and sustained buying interest. Jelly-My-Jelly climbed 10.7% to $0.05699, as short-term momentum traders stepped in, while Purr gained 8.0% to $0.08233 despite ongoing market weakness.
Infinex rose 8.4% to $0.01378, benefiting from improved liquidity, although these gains remained isolated within a generally declining market structure. Overall market capitalization continued to trend lower during the session, leading analysts to interpret the divergence between large-cap losses and small-cap gains as short-term rotation.
Elevated trading volumes across Bitcoin and Ethereum pointed to sustained volatility ahead, while synchronized declines reinforced Bitcoin’s influence over broader market direction. Bitcoin’s drop below $72,000 set a clear bearish tone for the session, pushing most major cryptocurrencies lower, although selective strength among smaller tokens reflected continued trading activity in a pressured environment.
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