Solana recorded the steepest decline during the market turmoil, plunging 71.6% from $238 to $67. However, it also delivered the strongest rebound, climbing 38% from its lowest point.
A comparative study released on May 11 by XWIN Japan examined how Bitcoin, Ethereum, XRP, BNB, and Solana performed throughout the six month period of market pressure between October 2025 and April 2026.
The report explained that the downturn was not driven solely by panic selling. Instead, it reflected what the firm described as “internal selection,” where investors increasingly separated Bitcoin from the wider altcoin market amid macroeconomic uncertainty and tightening liquidity.
Bitcoin Proved More Resilient While Altcoins Suffered Heavier Losses
According to XWIN’s findings, Bitcoin fell 52.5% during the period, dropping from nearly $126,000 to about $60,000. Although the decline was severe, Bitcoin still outperformed the other major cryptocurrencies in relative terms.
Solana experienced the sharpest correction, tumbling 71.6% from its peak of $238 to $67. Ethereum and XRP each declined by roughly 63%, while Binance Coin recorded a 59% drop.
When measuring recovery from the lowest prices reached during the downturn, Solana led the pack with a 38% rebound. Bitcoin followed with a recovery of 34.7%.
XWIN Japan separated the six month downturn into three distinct stages. These included a derivatives driven market unwind in late 2025, a phase marked by macroeconomic fear and shrinking liquidity in early 2026, and an institutional driven recovery during the spring period.
The report concluded that Bitcoin’s relative strength was supported by several major factors, including continued ETF inflows, corporate treasury accumulation, and growing demand for BTC as a geopolitical hedge during periods of uncertainty.
“Even during market stress, capital consistently returned to Bitcoin,” the report stated, adding that BTC has increasingly evolved into a global macro asset rather than simply another cryptocurrency token.
Ethereum, on the other hand, saw a sharp price decline despite maintaining strong network activity. The analysis highlighted continued growth in staking, Layer 2 adoption, and stablecoin settlements throughout the downturn, even as ETH dropped from nearly $4,700 to below $1,800.
XRP’s performance was largely influenced by regulatory developments and expectations surrounding exchange traded funds tied to cross border payment use cases. Meanwhile, BNB showed relatively greater stability because of sustained activity within the Binance ecosystem.
Current Market Position
Recent market prices provide a clearer picture of how these assets have recovered since the downturn highlighted in XWIN’s research.
Bitcoin is currently trading near $81,000, representing an increase of around 11% over the past month.
Ethereum is priced around $2,300 after gaining roughly 4% during the same period. XRP has risen approximately 7.5% over the month and was trading close to $1.45 at the time of writing.
Solana has delivered the strongest recent performance among the group, climbing more than 12% over the past month and posting a similar gain over the past week. The asset is currently trading near $95.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic
