In light of growing tensions between the US and China, Bitcoin's price has fallen to a 12-day low of $103,000, leading to widespread losses in the altcoin market.
BTC Drops to $103,000
After reaching a record high of nearly $112,000 last week, Bitcoin has struggled to maintain its momentum. The next day after the peak, the price began to decline when US President Donald Trump proposed new tariffs against the EU. Although the implementation of these tariffs was delayed, BTC was unable to recover decisively and was stopped at around $110,000 on several occasions. The latest rejection came on Thursday at $109,000 and was particularly severe, driving BTC down to $105,000. Ultimately, Bitcoin fell to a 12-day low of just above $103,000.
Significant Altcoin Losses
Altcoins also experienced significant losses over the past day. Ethereum is nearing the $2,500 mark after a 4.5% drop. XRP has plunged below $2.15, while DOGE, SOL, ADA, SUI, LINK, and AVAX have plummeted by up to 9%. The situation is even worse for small-cap altcoins, as many like ENA, INJ, VIRTUAL, and PEPE have charted double-digit price declines.
CRO's Exception
CRO is the only exception, having gained 17% in the past day and trading close to $0.11. Overall, the total cryptocurrency market cap has seen about $200 billion evaporate over the past two days, now standing at $3.360 trillion.
Considering the current developments, the cryptocurrency market shows high volatility. Uncertainty caused by political actions continues to impact asset prices, including both Bitcoin and altcoins.
