TL;DR
- BTC Slide: Bitcoin briefly crashed to $73,000 before rebounding near $76,000, extending a multi‑day decline driven by Fed policy and geopolitical tension.
- Altcoin Pressure: SOL fell below $100, HYPE dropped 11% to $33, and CC continued sliding, while updated data shows ETH at $2,250 and BNB at $755 amid broad market weakness.
- Market Impact: Over $70 billion was wiped from the total crypto market cap, now at $2.65 trillion, with mixed performance across XRP, TRX, DOGE, and ADA as volatility remains elevated.
Bitcoin’s market turbulence deepened this week as the asset briefly plunged to $73,000, marking its lowest level since early November 2024 before rebounding. The downturn triggered sharp volatility across major altcoins, with SOL, HYPE, and CC absorbing some of the heaviest losses. Updated figures now place Bitcoin near $76,000 as the market attempts to stabilize.
BTC Extends Multi‑Day Declines After Repeated Rejections
Just a week ago, Bitcoin was challenging the $90,000 resistance ahead of the year’s first FOMC meeting. Once the Federal Reserve confirmed it would not cut rates again, BTC stalled and began sliding. Geopolitical tensions in the Middle East added pressure, contributing to a drop on Thursday to $81,000. A brief bounce to $84,000 on Friday was followed by another decline to under $75,000 on Saturday. Monday’s recovery attempt was rejected at $79,000, setting the stage for the deeper Tuesday crash.
Tuesday’s decline pushed Bitcoin to a 15‑month low before it recovered to just above $76,000. Despite the rebound, BTC remains down nearly 3% on the day and has lost 14% over the week. Its monthly performance shows an 18% slide. Market capitalization has fallen to $1.525 trillion on CG, while dominance has slipped to 57.3%. Updated readings indicate that BTC is trading around $76,000, with volatility persisting.
Altcoins Absorb Heavy Losses Led by SOL, HYPE, and CC
The rest of the crypto market mirrored Bitcoin’s turbulence. Ethereum fell from over $3,000 to $2,100 before recovering to around $2,250. In the early hours of trading, BNB dropped to around $760 and is now situated at $755. SOL has fallen below $100 after a 7% daily decline, currently near $96. HYPE has tumbled 11% to $33, while CC and ZEC remain deep in the red. XMR stands out as the strongest performer among larger caps.
The cumulative crypto market cap has erased more than $70 billion in a day, falling to $2.65 trillion on CG. Updated figures show XRP at $1.59, TRX at $0.28, DOGE at $0.10, and ADA at $0.29, reflecting a mixed landscape as traders navigate heightened volatility.
