Market Downturn for Major Cryptocurrencies
Bitcoin and Ethereum are experiencing declines as the large-cap cryptocurrency market faces significant pressure. XRP, Solana, and Cardano are extending their losses, indicating a weakening market sentiment. Despite this widespread crypto bloodbath, small-cap tokens are surging sharply.
The crypto bloodbath swept through the digital asset market as major cryptocurrencies declined over the past 24 hours, setting a cautious tone. Bitcoin led the downturn at $95,650.29 with a 0.7% decline, reflecting persistent selling pressure across major markets. Ethereum followed the negative trend, with ETH at $3,309.29 after slipping 0.3% during the same session.
Meanwhile, Binance Coin continued lower, as BNB declined 0.2% to $933.48 on steady turnover. XRP also weakened to $2.07 with a 1.1% drop, as large-cap momentum softened across the market. Solana mirrored the broader pullback, falling 1.0% to $142.99 amid reduced short-term demand.
Dogecoin recorded a sharper decline, sliding 2.1% to $0.1402 as speculative activity cooled further. Cardano extended losses, with ADA dropping 2.3% to trade at $0.3931 within the 24-hour period. Besides price movement, trading volumes across major assets stayed elevated, signaling repositioning rather than panic selling. Additionally, overall market capitalization among leading cryptocurrencies contracted as sellers retained short-term control.
Small Cap Rallies Create Sharp Market Divide
However, the crypto bloodbath did not engulf the entire market, as several smaller tokens posted significant gains. Gas Town led the rally with a 416.6% jump to $0.0347, while Owlto Finance followed with a 105.0% rise to $0.09926. Moreover, EGL1 advanced 53.9% to $0.03362 as buying interest stayed firm, while River climbed 45.8% to $34.60. BurnedFi added momentum with a 33.2% gain to $4.26, while Kled AI increased 31.2% to $0.04979.
Additionally, Medibloc rose 24.4% to $0.003489 as sector-focused tokens regained traction, while Moonbeam advanced 19.3% to $0.0283. Consequently, market behavior highlighted a divergence between declining large caps and surging smaller assets, signaling selective risk appetite. Significantly, traders appeared to rotate capital rather than exit positions entirely, while volatility remained contained despite headline losses. Overall, the session underscored a fragmented market marked by caution among leaders and aggression across select altcoins.