Crypto Bloodbath: Bitcoin, Ethereum, XRP and Others Plunge Sharply Today

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 experienced a notable downturn today as major digital assets recorded losses within a 24-hour period. Bitcoin (BTC), the leading cryptocurrency, decreased by 0.8 percent, settling at $17,739, signaling a broader market correction. Trading volume remained high at over $5.7 billion, but investor sentiment appeared to lean toward caution after previous gains.

Ethereum (ETH) faced a steeper decline, dropping 4 percent to a trading price of $,565.85. This adjustment curtailed its recent weekly gains and introduced fresh uncertainties for the second-largest cryptocurrency by market capitalization. Ethereum holds the second position with a valuation of $30.8 billion, and the decrease exerted pressure on altcoins.

XRP experienced the most significant drop, recording a sharp decline of 12.5 percent, pushing its price down to $.05. The recent bullish momentum faded, reducing its market capitalization to $80.1 billion.

Altcoins Extend Losses as Market Turns Red

Solana (SOL) posted a substantial drop of 9.4 percent, falling to $82.57. Its earlier weekly strength diminished under selling pressure, lowering its market cap to $8.2 billion.

Dogecoin (DOGE), which had performed well recently, dropped by 13 percent to reach $.2309. The token experienced one of its most dramatic single-day declines despite high trading activity with a volume of nearly $5 billion.

Lido Staked Ether (STETH), which mirrors Ethereum's price movements, fell 3.7 percent to a price of $,555.65. Its decline was closely correlated with ETH, resulting in a market capitalization of $2.3 billion.

BNB (BNB) also experienced a setback, falling by 5.3 percent to $53.75. Its total valuation decreased to $05.6 billion, erasing earlier gains made during the week.

The crypto market underwent a sharp correction as major coins accumulated substantial losses. BTC, ETH, XRP, and other altcoins like Solana and Dogecoin were all down, resulting in widespread losses across the digital asset market. The pullback followed a period of gains and appeared to be driven by short-term profit-taking and a shift in trader sentiment.