Crypto Panic Alert: Altcoins Hit Double-Digit Losses in 24 Hours

The cryptocurrency market is experiencing a significant downturn, with the total market capitalization dropping to $3.57 trillion, down 5.12% in the past 24 hours.

Fear remains high among investors, reflected in the Fear & Greed Index at 28, signaling a cautious sentiment across the market.

Bitcoin (BTC), the leading digital asset, fell to $104,574.39, marking a 6.25% decrease in the last 24 hours.

Ethereum (ETH) also dropped sharply, trading at $3,715.72, down 8.36% over the same period.

Stablecoins like Tether (USDT) and USDC remained steady around $1.00, showing minimal fluctuation despite the market turbulence.

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Altcoins Suffer Heavier Losses

Among altcoins, Binance Coin (BNB) fell 11.74% to $1,042.68, while XRP decreased by 9.33%, trading at $2.22. Solana (SOL) dropped 9.94% to $176.93, highlighting broad weakness across major altcoins. Dogecoin (DOGE) and Cardano (ADA) experienced some of the steepest losses, down 10.73% and 11.36%, reaching $0.1784 and $0.6125, respectively.

This downturn is fueling concerns of a prolonged bear market, with many investors watching closely for potential support levels. High trading volumes indicate continued market activity despite falling prices, reflecting both panic selling and bargain hunting among traders.