The total cryptocurrency market lost roughly 100 billion dollars in value during a sharp downturn, reflecting widespread selling across major assets.
Bitcoin faced rejection near 69,200 dollars yesterday and fell toward 66,000 dollars earlier today after renewed geopolitical concerns followed comments from Donald Trump about continued military action against Iran.
Bitcoin Declines by 3,000 Dollars
Bitcoin’s pullback began last week when it failed to break above 72,000 dollars and dropped to around 65,600 dollars by Friday. After losing more than 6,000 dollars within days, it stabilized above 66,000 dollars over the weekend.
The price briefly touched a monthly low near 65,000 dollars on Monday before buyers stepped in to prevent further declines. This support helped BTC recover, and despite volatility linked to mixed developments in the Middle East, it climbed back to 69,200 dollars.
However, expectations that tensions might ease were not met. Instead, Trump signaled a possible escalation, which triggered another drop in Bitcoin’s price to just above 66,000 dollars, wiping out about 3,000 dollars from its recent peak.
Although BTC has regained some ground, it remains below 67,000 dollars. Its market capitalization has fallen to around 1.335 trillion dollars, according to CoinGecko, while its dominance over the altcoin market stands above 56 percent.
XRP Moves Ahead of BNB
Altcoins have also suffered notable losses. Ethereum has dropped more than 3 percent and is trading near 2,050 dollars. Solana, HYPE, LINK, and AVAX declined between 5 and 6 percent, while Bitcoin Cash, ADA, and DOGE recorded losses of around 3 to 4 percent.
Despite falling close to 3 percent, XRP managed to surpass BNB in market capitalization rankings, marking a notable shift among top altcoins.
A few assets posted gains, though positive performers were limited. STABLE and ALGO stood out with increases exceeding 19 percent within a single day.
Overall, the total crypto market capitalization dropped sharply before recovering slightly to approximately 2.38 trillion dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
