- Bitcoin dropped 0.3% to $108,334, reversing its recent strength.
- Ethereum and XRP extended declines, with XRP falling the most among major assets at -3.1%.
- Dogecoin slipped 2.7%, highlighting pressure on meme-based tokens.
- BNB and STETH managed slight gains, defying broader bearish sentiment.
- Concordium led the rally, surging more than 30% in 24 hours, followed by gains in USDUC, PRO, and other small-cap tokens.
Bitcoin Leads Market Downturn
The cryptocurrency market faced renewed selling pressure in the last 24 hours, pulling major digital assets lower. Bitcoin (BTC) slipped 0.3% to $108,334, bringing its market capitalization to more than $2.15 trillion with daily trade volume exceeding $31 billion. Despite the dip, Bitcoin continues to dominate market activity but shows signs of cautious sentiment.
Ethereum and XRP Extend Losses
Ethereum (ETH) fell 0.8% to $4,402.79, maintaining its weaker tone as investors stayed risk-averse. XRP (XRP) suffered the sharpest drop among large-cap assets, sliding 3.1% to $2.74, with its market capitalization trimming to $163 billion.
Also Read: Why Ethereum Could Outperform Bitcoin in Early 2025
This highlights investor uncertainty around altcoins, with some analysts pointing to profit-taking after recent gains.
Altcoins Under Pressure: Solana, Cardano, TRON, and Dogecoin
Several top altcoins also declined, reflecting widespread selling across the market.
- Solana (SOL) slipped 2.0% to $199.44.
- Cardano (ADA) declined 1.0% to $0.8182.
- TRON (TRX) dropped 1.0% to $0.3382.
- Dogecoin (DOGE) fell 2.7% to $0.212, reducing its market cap to $31 billion, signaling weakness in meme-based tokens.
BNB and STETH Defy the Trend
Not all tokens moved lower. BNB (BNB) edged 0.1% higher to $859.46, while Lido Staked Ether (STETH) gained 0.9% to $4,394.48, providing rare bright spots in the otherwise bearish session.
Concordium Leads Altcoin Gainers
While the majors declined, several smaller altcoins posted remarkable gains. Concordium (CCD) surged 30.8% to $0.00563 with over $1.1 million in volume, cementing itself as the top gainer.
Other notable risers included:
- Unstable Coin (USDUC): +21.6% to $0.06991
- Propy (PRO): +12.8% to $0.8074
- Seraph (SERAPH): +9.9% to $0.1909
- Codatta (XNY): +9.1% to $0.007559
- Bityuan (BTY): +11.4% to $0.04856
- Worthless (WORTHLESS): +9.0% to $0.042444
These gains highlight that while large caps struggled, speculative interest continues to flow into smaller, high-volatility tokens.
The past 24 hours underscored the mixed sentiment in the crypto market. Bitcoin, Ethereum, and XRP extended losses, while altcoins like Dogecoin, Solana, and Cardano faced renewed pressure. However, selective gains from BNB, STETH, and smaller tokens such as Concordium showed that market momentum remains uneven.
As investors navigate volatility, the coming days will be key in determining whether the latest pullback deepens into a broader correction or sets the stage for a rebound.
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