The cryptocurrency market was hit by a sharp downturn in the past 24 hours, with leading digital assets suffering widespread losses. Bitcoin led the decline, tumbling 2.9% to trade below $107,900. The drop wiped billions from its market capitalization, which now stands near $2.15 trillion. Trading volume remained above $60 billion, showing that investors were actively exiting positions amid the selloff.
Ethereum faced a similar setback, sliding 4.8% to $3,880 as selling pressure intensified. The second-largest cryptocurrency saw over $34 billion in daily trading activity, reflecting growing caution among traders.
BNB suffered a steep 6% decline to $1,072, while Solana showed limited resilience, holding around $184 after earlier strength. The downturn across top assets marked a sudden reversal following a period of steady gains earlier in the week.
Major Altcoins Deep in Red as Market Volatility Spikes
XRP slipped 1.3% to $2.43 as liquidity thinned across key exchanges. Dogecoin fell 3.8% to $0.19, signaling a drop in retail enthusiasm. Cardano also recorded a 4.3% decline to $0.64, extending its losses from the previous session.
TRON moved lower by 1.3%, trading near $0.32, while Wrapped Bitcoin mirrored Bitcoin’s fall, losing 2.9% to $107,991. Wrapped stETH and Lido Staked Ether both declined by about 4.9%, tracking Ethereum’s downward trajectory.
The widespread price drops reflected heightened volatility and shifting sentiment as traders locked in profits and reduced risk exposure across multiple assets.
Select Altcoins Defy the Bloodbath with Massive Gains
Amid the market-wide slump, a few smaller tokens managed to defy the negative trend. SynFutures (F) skyrocketed 92.6%, emerging as the top performer of the day. BinanceLife surged 69.7%, while Avantis (AVNT) rose 30.1%, showing renewed interest in niche projects.
Hajimi gained 20.6%, OpenLedger advanced 19.5%, and Paparazzi Token climbed 18.2%, proving that investor appetite for emerging tokens remains strong even during broader selloffs.
The last 24 hours painted a mixed picture for the crypto market. While blue-chip cryptocurrencies suffered significant losses, a few rising stars managed to shine, keeping traders alert in an increasingly volatile environment.