- Major cryptocurrencies plunge as profit-taking triggers sharp market reversal.
- Bitcoin, Ethereum, and XRP lead today’s unexpected crypto selloff wave.
- Dogecoin and Solana suffer steep losses in sudden crypto decline.
The cryptocurrency market witnessed a sharp downturn today as major digital assets recorded notable losses within 24 hours. Bitcoin (BTC), the world’s largest cryptocurrency, fell by 0.8 percent to $117,739, signaling the start of a wider market retreat.
Trading volume exceeded $45.7 billion, but investor sentiment appeared to shift toward caution following earlier gains.
Ethereum (ETH) was hit harder, dropping 4 percent to trade at $3,565.85. The adjustment curtailed its weekly gains and ushered in new uncertainties to the second-largest crypto by market capitalization.
Ethereum has clearly occupied the second position with the valuation of $430.8 billion, and the decrease put some strain on altcoins.
XRP was the biggest loser and recorded a sharp drop of 12.5 percent that pushed its price to $3.05. The bullish sentiment in the token has been removed in the latest days, dragging down its market capitalisation to an amount of $180.1 billion.
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Altcoins Extend Losses as Market Turns Red
Solana (SOL) posted a significant drop of 9.4 percent, falling to $182.57. Its earlier weekly strength faded under the weight of selling pressure, lowering its market cap to $98.2 billion.
Another coin that had performed well over the past few days, Dogecoin (DOGE), dropped by 13 percent to reach $0.2309. The token experienced one of the most dramatic one-day drops in its recent past despite a high trading activity of close to $15 billion in volume.
Lido Staked Ether (STETH) that follows Ethereum price changes fell 3.7 percent to reach a price of $3,555.65. Its fall was much correlated to that of ETH, and now it has a market capitalization of $32.3 billion.
BNB (BNB) was another altcoin to take a hit, falling by 5.3 percent to $753.75. Its total valuation dropped to $105.6 billion after a steady increase during earlier parts of the week was erased by the Binance-linked asset.
The crypto market went into sharp correction as big coins have accumulated massive losses. BTC, ETH, XRP, and other major altcoins such as Solana and Dogecoin were down, resulting in a red rally across the charts of digital assets.
The pullback followed a series of gains and appeared driven by short-term profit-taking and shifting trader sentiment.
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