- Bitcoin, Ethereum, and XRP tumble as crypto market faces correction.
- Major cryptocurrencies decline within 24 hours amid heavy profit-taking.
- Crypto market slides sharply as altcoins join Bitcoin’s daily drop.
The cryptocurrency market recorded a sharp downturn in the past 24 hours as major digital assets slipped after a strong start to the week. Profit-taking and market adjustments triggered a widespread decline across leading cryptocurrencies.
Bitcoin (BTC) fell 2.7% in the last 24 hours to $112,132, marking a pause in its recent momentum. The decline followed a surge in trading activity, with daily volume reaching $70.2 billion, showing that market participation remains strong even as prices correct.
Ethereum (ETH) also declined, dropping 3.8% to $4,014.66 within the same period. The asset faced heavy selling pressure as traders moved to secure profits, pushing its daily trading volume to $43.8 billion. Despite the drop, Ethereum continues to attract attention from investors amid ongoing network activity.
BNB registered one of the largest losses among top assets, slipping 9.2% in the last 24 hours to $1,201.32. The correction reflected broader market volatility as investors adjusted their positions. XRP also fell 4.3% to $2.48, reversing earlier gains as the overall market sentiment weakened.
Also Read: XRP Faces Bearish Pressure as Death Cross Signals Potential Downtrend Against Bitcoin
Altcoins Face Pressure as Market Cools
Other major altcoins were not spared from the sell-off. Solana (SOL) declined 0.2% over the past day to $197.08, while Cardano (ADA) dropped 3.2% to $0.6878. Both assets saw reduced buying momentum as traders grew cautious amid falling prices.
Dogecoin (DOGE) also joined the decline, shedding 4.6% in 24 hours to trade at $0.2005. The dip came after strong speculative interest earlier in the week, showing that sentiment around meme coins remains highly reactive to short-term market moves.
While top cryptocurrencies faced losses, several lesser-known tokens saw remarkable gains. Nockchain (NOCK) surged 160.5% to $0.06856, while Humanity (H) rose 124.2% to $0.1718. PetsNa ($PETSNA) climbed 102.6%, showing continued speculative enthusiasm despite the overall market decline.
Market Outlook
The past 24 hours have underscored the volatility of the cryptocurrency market. Sharp price movements across major tokens indicate a period of correction following recent surges. Despite the declines, trading volumes remain elevated, suggesting that investor interest and liquidity are still strong across the sector.
Also Read: XRP Nears 100 Million Ledgers: Will It Skyrocket to $3 After Major Milestone?
