Cryptocurrency Market Loses More Than $100B as Certain Alts Experience Significant Downturn: Trading Analysis

The cryptocurrency market saw major losses as Bitcoin (BTC) and several larger-cap alternative coins (alts) experienced significant declines. BTC dropped to just under $92,000 following geopolitical tension, marking a six-day low. Although it has since rebounded by $1,000, its market capitalization has fallen below $1.860 trillion. Ethereum (ETH) and Ripple (XRP) also suffered losses, with ETH struggling to stay above $3,200 and XRP falling below $2.00. Other alts, including DOGE, SOL, ADA, LINK, XLM, ZEC, AVAX, and HYPE, also experienced painful declines. A few alts, such as XMR and ICP, defied the downward trend with impressive gains. In total, the cryptocurrency market lost over $100 billion, bringing the total market cap down to $3.220 trillion.