PUMP and HYPE emerged among the weakest performers as the broader crypto market turned sharply lower, while PIPPIN once again moved against the trend and delivered strong gains despite the correction.
The calm seen over the weekend quickly faded once traditional futures markets reopened. Bitcoin, which had been trading in a narrow range between 67,500 and 68,500 dollars, suddenly dropped by roughly four thousand dollars within about an hour. The asset fell to approximately 64,300 dollars, marking its lowest level in seventeen days, before rebounding toward the 66,000 dollar area.
The sell off followed renewed tariff measures introduced by President Donald Trump after a ruling from the Supreme Court of the United States regarding earlier trade policies. Although Bitcoin initially showed little reaction, volatility surged as futures trading resumed, triggering significant liquidations across the market. Despite the partial recovery, Bitcoin remains about 2.5 percent lower on the day, with its market capitalization slipping to roughly 1.325 trillion dollars and dominance hovering near 56.5 percent.
Altcoins closely mirrored the downturn. Ethereum fell from near 2,000 dollars to around 1,850 before recovering to just above 1,900. XRP declined more than 2 percent to 1.40 dollars, while BNB, Dogecoin, Cardano, and Chainlink posted comparable losses. More severe drops of up to 6 percent were recorded by Bitcoin Cash and Solana, along with HYPE, placing them among the poorest performers in the large cap category.
In contrast, PIPPIN surged more than 23 percent to trade above 0.72 dollars, standing out as one of the few tokens to defy the broader market weakness. TON and M also managed to post modest gains during the session.
Overall, the total cryptocurrency market capitalization has shed more than 60 billion dollars, falling to approximately 2.35 trillion dollars as volatility returned to digital asset markets.
