Ethereum, XRP Sink While Bitcoin Holds: What’s Going On With Altcoins?
Major altcoins led by Ethereum (CRYPTO: ETH) and Ripple‘s XRP (CRYPTO: XRP) posted sharp declines on Thursday, reversing gains from a strong rally earlier this month.
What Happened: The broader cryptocurrency market experienced a notable selloff, with experts pointing to both overheated momentum and emerging signs of a corrective phase, even as structural fundamentals continue to strengthen.
According to data, Ethereum dropped 2%, while XRP fell by over 10%, leading losses among large-cap tokens.
Other altcoins including BNB (CRYPTO: BNB), Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), Dogecoin (CRYPTO: DOGE), and Tron (CRYPTO: TRON) also registered losses exceeding 4%.
Bitcoin (CRYPTO: BTC), in contrast, edged slightly higher, gaining 0.26% and maintaining relative stability during the downturn.
What Experts Are Saying: In a note sent to Benzinga, James Harris, CEO of institutional crypto firm Tesseract, said the market’s recent surge to …
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