Crypto Bloodbath: Bitcoin Slips Toward $80,000 as Ethereum, XRP, and Solana Extend Losses

The cryptocurrency market faced widespread selling pressure, with Bitcoin approaching $80,000 as Ethereum, XRP, and Solana recorded further declines. According to CoinGecko data, most major cryptocurrencies traded lower over 24 hours, while TRON emerged as a notable exception.

Bitcoin (BTC) fell 0.9% to $80,016.68, with its market capitalization standing at $1.60 trillion and 24-hour trading volume reaching $17.95 billion. Meanwhile, Ethereum (ETH) dropped 1.8% to $2,317.16, recording $8.05 billion in trading volume and maintaining a market capitalization of $283.07 billion.

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XRP, BNB, and Solana Face Selling Pressure

XRP extended its decline as the broader cryptocurrency market struggled to recover, with the token falling 1.7% to $1.29 over 24 hours. Additionally, XRP recorded $1.10 billion in trading volume, while its market capitalization stood at $81.44 billion.

BNB also weakened, losing 0.9% to trade at $739.61, with a market capitalization of $97.26 billion and $663.07 million in daily trading volume. Solana (SOL) declined 1.2% to $100.94, approaching the $100 level, while trading volume reached $1.79 billion and market capitalization stood at $59.53 billion.

Elsewhere, Dogecoin (DOGE) slipped 0.9% to $0.07684, with trading volume reaching $373.40 million. Monero (XMR) recorded a larger decline of 3.5% to $588.76, while Zcash (ZEC) edged 0.2% lower to $1,204.16. In contrast, TRON (TRX) gained 0.4% to $0.3299, outperforming several major cryptocurrencies during the broader market downturn.

Smaller Cryptocurrencies Record Strong Gains

Despite widespread losses among leading cryptocurrencies, several smaller tokens registered substantial gains. Big Titty Coin surged 101.7% to $0.0192, generating $70.79 million in trading volume.

Manadia (UMXM) climbed 79.1% to $0.03524, while TronBank (TBK) advanced 59.4% to $0.2976. Additionally, Abelian (ABEL) gained 44.8% to $0.1333, while Doodles (DOOD) rose 31% to $0.001882.

Cap (CAP) increased 24.7% to $0.1075, supported by $128.20 million in trading volume, while Caldera (ERA) gained 23.9% to reach $0.09443. Bitcoin’s position near $80,000 remained a central market development as Ethereum, XRP, and Solana weakened. Meanwhile, TRON’s modest increase and strong gains among smaller tokens showed that buying activity persisted in selected cryptocurrencies.

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