Bitcoin, Ethereum, XRP, Dogecoin Deepen Losses, While Gold, Silver Hold Steady: Analyst Says Crypto Momentum ‘Deteriorating Faster’
Leading cryptocurrencies fell further on Wednesday, while gold and silver held steady, as risk-off sentiment dominated the market.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:35 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -4.95% | $72,795.65 |
| Ethereum (CRYPTO: ETH) |
-5.04% | $2,160.32 |
| XRP (CRYPTO: XRP) | -6.90% | $1.48 |
| Solana (CRYPTO: SOL) | -7.17% | $92.30 |
| Dogecoin (CRYPTO: DOGE) | -3.38% | $0.1041 |
Crypto Market Bleeds
Bitcoin dipped under $72,000, now just 4% from its previous bull-cycle peak of $69,700. Ethereum slid below $2,100 for the first time since May 2025, with XRP and Dogecoin also coming under pressure amid the broader rout.
Shares of cryptocurrency-related companies Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed down 3.13% and 9.17%, respectively.
Over $620 million was liquidated from the market in the last 24 hours, according to Coinglass, with $490 million in levered longs wiped out.
Bitcoin’s open interest plunged 5.32% to $48.41 billion, although Bitcoin derivatives traders remained optimistic about a rebound, according to the Long/Short Ratio.
The “Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
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