The cryptocurrency market has suffered significant losses, with capitalization dropping by more than $130 billion. Major cryptocurrencies, including Bitcoin and Ethereum, are showing negative performance.
Bitcoin and Altcoin Declines
Bitcoin has dropped by 3% in the last 24 hours, contributing to the overall market decline. However, altcoins face even more severe issues: Ether (Ethereum) is down by 6%, BNB by 4.5%, and Solana (SOL) by 5%. Many large cryptocurrencies are trading at a discount of over 4%.
Market and XRP
XRP shows resilience compared to other altcoins, decreasing only by 1.2%. According to Coinbase's Q2 report, interest in XRP in the US has grown significantly, leading to increased trading revenue and popularity.
Worst and Best Performers
The worst performer among tokens was HYPE, which dropped by 11%. Significant losses were also recorded by Curve DAO (CRV) and SPX6900 (SPX), both losing about 7.5%. However, two tokens in the top 50, TONCOIN and ENA, exhibited slight positive changes.
The cryptocurrency market is displaying notable fluctuations, with major assets suffering significant value loss. While XRP shows relative resilience, other altcoins continue to decline.
