Bitcoin Dips Below $90,000 as Altcoins Follow Suit with Significant Losses
Bitcoin has dipped below $90,000, trading at $89,500, marking a 6.3% decline in the last 24 hours. Major altcoins including ETH, XRP, and SOL have fallen over 13%. Overall, the cryptocurrency market cap decreased by 7.29% to $2.9 trillion, amidst substantial sell-offs.
Today, February 25, 2025, Bitcoin has fallen beneath the $90,000 mark, trading at $89,500, which is a decline of 6.3% within the last 24 hours. This downturn coincides with turbulence in the broader cryptocurrency market, following significant volatility in the U.S. stock market. Consequently, other cryptocurrencies such as Ethereum (ETH), XRP, and Solana (SOL) have experienced declines exceeding 13%.
Notably, Solana’s price took the hardest hit, plummeting 14% due to increased selling pressures attributed to impending token unlocks. Both Ethereum and XRP have not fared well either, each recording nearly a 12% drop. Major large-cap altcoins have similarly witnessed substantial selling, with many experiencing declines of over 10% today.
Mid-cap and small-cap altcoins have also suffered, with several cryptocurrencies, including AAVE, SUI, and LDO, witnessing declines of over 16%. In total, the overall Coinmarketcap 100 Index has decreased by 7.95%, settling at $178. Furthermore, the total market capitalization of the cryptocurrency sector has declined by 7.29%, amounting to $2.9 trillion, supported by a 24-hour trading volume of $165.8 billion.
In summary, the cryptocurrency market is experiencing a significant downturn, particularly affecting Bitcoin, which has dipped below $90,000. Major altcoins, including Ethereum, XRP, and Solana, have seen marked declines alongside an overall decrease in market capitalization. The implications of market volatility are evident across various cryptocurrencies, with both large-cap and smaller altcoins struggling in the current environment.
Original Source: www.cryptotimes.io
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