SUI is among today’s worst-performing cryptocurrencies.
After an unusually volatile weekend marked by escalating geopolitical tensions, Bitcoin experienced a sharp decline early Monday, falling by several thousand dollars to just below $92,000.
Major altcoins followed Bitcoin’s lead, suffering even steeper losses. Ethereum slipped to around $3,200, XRP dropped below the $2.00 mark, while Monero (XMR) and Internet Computer (ICP) stood out by posting notable gains despite the broader downturn.
Bitcoin Falls Below $92K
Bitcoin surged at the start of last week, reaching a multi-month peak near $98,000 on Wednesday. However, strong selling pressure at that level halted its advance. Still, BTC managed to stay above $95,000 for most of the following days.
The weekend saw limited price action, which was surprising given rising tensions surrounding US–EU trade relations. Events escalated after EU nations reportedly deployed troops to Greenland following former President Trump’s claims that the US should acquire the territory for national security reasons. In response, Trump announced new 10% tariffs, prompting the EU to schedule an emergency meeting, while French President Emmanuel Macron called for the use of a so-called “trade bazooka” against the US.
Despite the uncertainty, Bitcoin initially remained stable. That changed on Monday morning when Asian markets and futures trading opened, triggering a sharp sell-off. BTC plunged more than $3,000, reaching a six-day low just under $92,000.
Although it has since rebounded by roughly $1,000, Bitcoin remains down over 2% on the day. Its market capitalization has fallen below $1.86 trillion, while its dominance over altcoins has risen to 57.5%, according to CoinGecko.
Altcoins Under Pressure
Ethereum failed to break past $3,350 and is now struggling to hold above $3,200. XRP slipped below $2.00 and briefly touched $1.84 earlier in the day. Other major altcoins—including DOGE, SOL, ADA, LINK, XLM, ZEC, AVAX, and HYPE—have posted notable losses.
The steepest declines were seen in ASTER, SUI, APT, ONDO, ARB, PEPE, and ENA, all of which fell by double-digit percentages. XMR and ICP remain among the few assets trading higher.
Overall, the total cryptocurrency market capitalization has fallen by more than $100 billion over the past 24 hours, dropping to approximately $3.22 trillion.
