XRP is leading losses among the top 100 altcoins today after plunging roughly 13% and falling below the $1.40 level. ZEC and MORPHO are also among the worst performers, reflecting growing selling pressure across the altcoin market.
Bitcoin’s decline has continued with force, as the asset slipped under $70,000 earlier today, erasing all gains recorded after Donald Trump’s reelection in late 2024. Just over a week ago, BTC was trading near $90,000, but a sharp rejection at that level marked the start of a strong bearish move. The price first fell to $81,000, briefly rebounded to $84,000, then slid under $75,000 before another failed recovery attempt near $79,000. Bears regained control and pushed BTC down to $73,000 earlier this week, followed by another drop below $70,000.
Bitcoin has since recovered slightly above $70,000 but remains down about 7% on the day and nearly 20% on the week. Its market capitalization has declined to around $1.41 trillion, while dominance over altcoins hovers near 57%.
Altcoins continue to suffer heavy losses. Ethereum is down around 6%, BNB has fallen below $700, and XRP has reached its lowest price in more than a year. SOL, ADA, DOGE, XMR, LINK, and others remain deep in the red, while HYPE stands out as one of the few gainers, up nearly 5%. The total crypto market capitalization has dropped by another $170 billion and is now below $2.5 trillion.
