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The cryptocurrency market was hit by a sharp downturn in the past 24 hours, with leading digital assets suffering widespread losses. Bitcoin led the decline, tumbling 2.9% to trade below $107,900. The drop wiped billions from its market capitalization, which now stands near $2.15 trillion. Trading volume remained above $60 billion, showing that investors were actively exiting positions amid the selloff.
Ethereum faced a similar setback, sliding 4.8% to $3,880 as selling pressure intensified. The second-largest cryptocurrency saw over $34 billion in daily trading activity, reflecting growing caution among traders.
BNB suffered a steep 6% decline to $1,072, while Solana showed limited resilience, holding around $184 after earlier strength. The downturn across top assets marked a sudden reversal following a period of steady gains earlier in the week.
Also Read: Traders Turn Cautious as Polymarket Bets Signal Limited Confidence in Bitcoin’s October Rally
XRP slipped 1.3% to $2.43 as liquidity thinned across key exchanges. Dogecoin fell 3.8% to $0.19, signaling a drop in retail enthusiasm. Cardano also recorded a 4.3% decline to $0.64, extending its losses from the previous session.
TRON moved lower by 1.3%, trading near $0.32, while Wrapped Bitcoin mirrored Bitcoin’s fall, losing 2.9% to $107,991. Wrapped stETH and Lido Staked Ether both declined by about 4.9%, tracking Ethereum’s downward trajectory.
The widespread price drops reflected heightened volatility and shifting sentiment as traders locked in profits and reduced risk exposure across multiple assets.
Amid the market-wide slump, a few smaller tokens managed to defy the negative trend. SynFutures (F) skyrocketed 92.6%, emerging as the top performer of the day. BinanceLife surged 69.7%, while Avantis (AVNT) rose 30.1%, showing renewed interest in niche projects.
Hajimi gained 20.6%, OpenLedger advanced 19.5%, and Paparazzi Token climbed 18.2%, proving that investor appetite for emerging tokens remains strong even during broader selloffs.
The last 24 hours painted a mixed picture for the crypto market. While blue-chip cryptocurrencies suffered significant losses, a few rising stars managed to shine, keeping traders alert in an increasingly volatile environment.
Also Read: Breaking: Ripple Backs Evernorth in $1B Deal to Launch Institutional XRP Vehicle
The post Crypto Bloodbath: Bitcoin, Ethereum, and Major Altcoins Plunge in 24-Hour Selloff appeared first on 36Crypto.
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