Crypto Bloodbath Hits Bitcoin, Ethereum and XRP as Akedo Explodes 93%

What to Know

• Bitcoin (BTC) declined 1.3% to $62,994.07, while Ethereum (ETH) and XRP (XRP) also recorded losses amid broader market weakness.
• Akedo (AKE) surged 93.1% to $0.007793, leading gainers as smaller cryptocurrencies strongly outperformed major assets struggling under selling pressure.
• Solana (SOL), BNB (BNB), Dogecoin (DOGE), TRON (TRX), and Hyperliquid (HYPE) declined, showing selling pressure extended beyond market leaders.

 

Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) traded lower as selling pressure spread across several major cryptocurrencies during the measured period. Bitcoin (BTC) declined 1.3% to $62,994.07, pushing the largest cryptocurrency below the important $63,000 price level. Trading activity remained substantial, with BTC recording $18.81 billion in volume and maintaining a $1.26 trillion market capitalization.

Ethereum (ETH) also struggled for direction, falling 1.1% to $1,873.54 while recording approximately $5.62 billion in trading volume. Its market capitalization reached $226.13 billion, keeping Ethereum firmly positioned as the second-largest cryptocurrency by overall market value.

Meanwhile, XRP (XRP) declined 0.6% to exactly $1.00, placing the asset around an important psychological price level. XRP recorded $745.21 million in trading volume, while its total market capitalization remained around $62.91 billion.

Selling pressure extended beyond those three assets, with BNB (BNB) dropping 0.7% to $608.24 during the same period. Additionally, Solana (SOL) declined 1.2% to $75.50, while its trading volume reached approximately $1.11 billion.

TRON (TRX) dropped 1.3% to $0.3341, matching Bitcoin’s percentage decline as weakness spread across other large-cap cryptocurrencies. Hyperliquid (HYPE) slipped 1% to $56.43, while Dogecoin (DOGE) fell 1.3% and traded around $0.06963.

Also Read: XRP Activity Jumps 35% as Price Hits Lowest Close Since November 2024

Akedo Explodes 93% as Smaller Tokens Defy Broader Market Decline

Despite widespread losses among major cryptocurrencies, Akedo (AKE) recorded a contrasting performance by surging 93.1% to $0.007793. Significantly, AKE generated approximately $106.77 million in trading volume, placing considerable activity behind its move during the period.

Gold Park (GPT) followed with a 62.9% increase to $0.00783, although its trading volume reached only $124,753. Velvet (VELVET) gained 38.7% to $0.9929, supported by approximately $49.23 million in reported trading activity.

Moreover, OpenEden (EDEN) advanced 34.7% to $0.06374, while its trading volume reached an impressive $75.97 million. DoubleZero (2Z) climbed 19.5% to $0.05727, accompanied by approximately $21.11 million in trading volume.

GoPlus Security (GPS) rose 17% to $0.01114, while Wibx (WBX) gained 16.2% and reached $0.001951. SanDisk bStocks Tokenized Stock (SNDKB) gained 15.6% to $1,557.24, supported by roughly $109.76 million in volume. Overall, weakness dominated major cryptocurrencies, while Akedo (AKE) separated itself from broader market conditions with its standout 93.1% advance.

Also Read: South Korea Jails Delio CEO for 15 Years Over $49 Million Crypto Fraud Case

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