What to Know
- Bitcoin (BTC) plunged 7.4% to $68,773, dragging Ethereum (ETH) below $2,000 as BNB (BNB) suffered a similar market decline.
- XRP (XRP) traded at $1.02 following a 2.9% drop, with Monero (XMR) recording the steepest decline among leading cryptocurrencies.
- Sanctum (SANC) defied the broader market selloff with a 138.8% rally, followed by strong gains from Akedo (AKE) and Lombard (BARD).
The cryptocurrency market experienced heavy selling pressure as Bitcoin, Ethereum, and BNB recorded substantial declines across major digital assets. According to CoinGecko data, Bitcoin (BTC) plunged 7.4% to $68,773.47, recording $40.77 billion in trading volume and a market capitalization of $1.38 trillion amid widespread cryptocurrency market losses.
Major Altcoins Decline as Ethereum, BNB, and XRP Face Heavy Selling Pressure
Ethereum (ETH) dropped 6.6% to $1,929.49, while its trading volume reached $14.68 billion and market capitalization stood at $235.81 billion. Similarly, BNB (BNB) declined 7.3% to $631.91, recording $1.05 billion in trading volume and $83.10 billion in market capitalization.
Also Read: SBI CEO Yoshitaka Kitao Breaks Silence on XRP as Investors Question Ripple’s Commitment
Meanwhile, XRP (XRP) slipped 2.9% to $1.02, accompanied by $2 billion in trading volume and $64.75 billion in market capitalization. Solana (SOL) also weakened 5.3% to $79.69, with trading activity reaching $3.14 billion.
Elsewhere, Dogecoin (DOGE) fell 4.9% to $0.06412, while TRON (TRX) declined 1.9% to $0.3105. Hyperliquid (HYPE) recorded a smaller decline of 0.7% to $71.51 despite widespread weakness. Zcash (ZEC) dropped 7% to $938.54, while Monero (XMR) lost 9.2% to $523.61, extending losses across major cryptocurrencies.
Top Gainers Record Substantial Increases Despite Crypto Market Crash
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Despite widespread losses, several smaller cryptocurrencies recorded substantial gains during the same trading period. Sanctum (SANC) led the gainers, surging 138.8% to $0.1049, with trading volume reaching $10.06 million.
Akedo (AKE) followed with a 78.1% increase to $0.004405, while Lombard (BARD) climbed 73.2% to $0.1391. Additionally, Magma Finance (MAGMA) advanced 23.6% to $0.338, recording $44.81 million in trading volume. Epic Private Internet Cash (EPIC) gained 23.9% to $1.01.
DODO (DODO) rose 16.6% to $0.02691, while XPR Network (XPR) increased 14.8% to $0.001911. In conclusion, Bitcoin’s decline below $69,000 accompanied substantial losses across Ethereum, BNB, and other major cryptocurrencies, despite gains among smaller digital assets.
