Bitcoin, Ethereum, XRP Decline, While Dogecoin Trades Flat; Analyst Says BTC’s Underperformance Against Gold ‘Tremendous Opportunity’ To Scale In
Risk-off sentiment strengthened Sunday, triggered by a massive sell-off in leading cryptocurrencies and precious metals.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.54% | $77,147.38 |
| Ethereum (CRYPTO: ETH) |
-6.35% | $2,275.90 |
| XRP (CRYPTO: XRP) | -3.17% | $1.59 |
| Solana (CRYPTO: SOL) | -3.11% | $101.47 |
| Dogecoin (CRYPTO: DOGE) | +0.63% | $0.1044 |
Crypto Bloodbath
Bitcoin dived below $76,000, marking its worst sell-off since early April, when President Donald Trump’s sweeping tariff measures sent the market into a tailspin. The apex cryptocurrency is down 11.42% year-to-date.
Ethereum crashed below $2,300, hitting levels last seen more than 7 months ago. The second-largest cryptocurrency has cratered 23% since the year began.
Meanwhile, Bitcoin’s market share stood at 59.3%, while Ethereum’s dominance fell below 11%.
Over $500 billion was liquidated from the market in the last 24 hours, according to Coinglass, with $373 million in levered longs wiped out.
Bitcoin’s open interest fell more than 10% last week, reaching $52.43 billion, as market sentiment plunged into “Extreme Fear.”
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