- Bitcoin and Ethereum lead broad selloff as market sentiment turns defensive
- XRP and Solana extend losses while traders rotate away from large-cap assets
- Mid-cap tokens surge sharply despite widespread crypto bloodbath conditions
Crypto traders were jolted earlier today after a broad selloff swept through major digital assets, triggering synchronized losses across the market. The downturn dragged Bitcoin, Ethereum, XRP, and Solana lower within 24 hours, reinforcing a clear shift toward risk aversion.
Bitcoin BTC declined 0.8% to $86,907.46, as persistent selling pressure weighed on price action throughout the session. Trading volume reached $39.82 billion, while market capitalization slipped to $1.73 trillion, signaling weakened short-term confidence.
Ethereum ETH followed the broader trend, falling 1.0% to trade at $2,933.06 amid sustained bearish positioning. Daily trading volume stood at $19.79 billion, with market capitalization easing to $353.94 billion as momentum cooled.
BNB also extended losses, declining 1.4% to $836.90 as buyers retreated from large-cap assets. Consequently, market capitalization fell to $115.31 billion, alongside relatively muted trading volume of $992.07 million. XRP dropped 1.3%, settling at $1.86 as sell-side activity dominated intraday trading. Moreover, the token recorded $2.05 billion in trading volume, while the market capitalization adjusted to $112.44 billion.
Also Read: XRP Is Vanishing From Binance at Alarming Pace – What’s Happening?
Solana SOL experienced sharper downside pressure, sliding 2.2% to $121.36 during the same period. Hence, its market capitalization declined to $68.29 billion, supported by $3.36 billion in daily trading activity. TRON TRX traded lower by 0.5%, priced at $0.2824 as network participation slowed. Market capitalization decreased to $26.73 billion, while trading volume totaled $471.53 million.
Mid-Cap Tokens Show Strength Amid Market Selloff
While major cryptocurrencies faced widespread losses, several mid-cap tokens posted strong gains during the same trading window. These moves highlighted selective risk-taking as traders rotated capital away from large-cap assets.
SQD surged 36.8% to $0.05671, supported by $22.50 million in daily trading volume. Boundless ZKC climbed 37.5% to $0.1361, as volume increased sharply to $37.05 million. Quantum Resistant Ledger QRL rose 26.1% to $2.65, although liquidity remained relatively limited. Avantis AVNT advanced 23.6% to $0.3781, backed by strong trading volume of $295.72 million.
Pippin PIPPIN gained 20.6% to $0.457, while Power Protocol POWER rose 21.8% to $0.3496. Significantly, these gains contrasted sharply with the crypto bloodbath that dominated large-cap market performance.
Also Read: Massive $1,120,000,000 Worth of XRP Zapped From Market in 5 Weeks – Here’s What’s Happening
