Trading King
08/25 11:10
Crypto Bloodbath:
Crypto Bloodbath: Bitcoin, Ethereum Crash as Altcoins Plunge in 24 Hours
- Bitcoin and Ethereum tumble, sparking heavy losses across major altcoins.
- Crypto market reels as Dogecoin, Solana, Cardano suffer sharp declines.
- Donkey and Ontology soar, defying the market’s widespread daily downturn.
The cryptocurrency market faced heavy losses in the past 24 hours, as Bitcoin, Ethereum, and other major assets slipped into the red. Selling pressure dominated trading, and consequently, investors witnessed a sharp decline across top digital currencies. Meanwhile, smaller tokens moved in the opposite direction, recording strong daily rallies.
Bitcoin (BTC) dropped 2.5% in the last day, falling to $111,987. Despite high trading activity of $44.26 billion, the decline reduced its recent upward momentum. Ethereum (ETH) followed the same pattern, losing 2.6% to trade at $4,638. Moreover, its daily volume of $44.02 billion underscored strong participation even as prices weakened.
XRP (XRP) also recorded a loss, slipping 2.5% in 24 hours to $2.96. Additionally, its daily trading volume exceeded $6.36 billion, reflecting sustained investor activity despite the broader downturn.
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