Bitcoin drops to $95K as crypto market slides; Ethereum, Solana, meme coins tumble

The crypto market kicked off the week on a bearish note, with Bitcoin (BTC) slipping back to the $95K level, dragging major altcoins lower.

Ethereum (ETH), Solana (SOL), and XRP fell between 1% and 5%, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted losses.

The downturn coincided with $191 million in liquidations over the past 24 hours, highlighting heightened market volatility.

Crypto market dips as traders brace for volatility

According to CoinMarketCap, the global crypto market cap fell over 1% to $3.15 trillion, reflecting a cautious sentiment among investors.

Coinglass data showed that over $191 million in crypto positions were liquidated in the past day, contributing to increased price swings.

Bitcoin slips to $95K

• BTC price: $95,534.42 (-1%)
• 24-hour range: $95,270.45 – $96,594.97
• Liquidations: $25.08 million
• Market dominance: Up 0.31% to 60.31%

Ethereum, Solana, and XRP decline

• ETH price: $2,710 (-2%)
  • 24-hour range: $2,714.12 – $2,850.61
  • Liquidations: $46.06 million
  • Market dominance: 10.4%
    
• XRP price: $2.48 (-2.5%)
  • 24-hour range: $2.49 – $2.60
  • Liquidations: $7.54 million
  • Key resistance: $2.60
    
• SOL price: $160.78 (-5.5%)
  • 24-hour range: $160.85 – $173.04
  • Liquidations: $15.83 million

Meme coins follow market downtrend

• DOGE: $0.2302 (-5.5%)
• SHIB: $0.00001491 (-4%)
• PEPE: $0.000009024 (-4.5%)

Top crypto gainers

• Sonic (S): $0.9076 (+12%)
• Cronos (CRO): $0.08952 (+5%)
• Monero (XMR): $236.29 (+1.5%)

Biggest crypto losers

• Raydium (RAY): $3.24 (-24%)
• Hyperliquid (HYPE): $22.38 (-8%)
• Story (IP): $4.03 (-8%)

Despite the market downturn, crypto analyst ‘Titan of Crypto’ remains bullish, predicting a strong comeback for altcoins.

“Altcoins’ comeback will be legendary,” the analyst posted on X, citing bullish market cap formations that could signal a turnaround.

In other crypto news, the crypto industry is rallying to recover funds stolen in the $1.5 billion Bybit hack, with exchanges freezing nearly $43 million just two days after the attack.

A coordinated effort among centralized and decentralized platforms has led to the swift blacklisting of hacker-linked addresses, blocking stolen assets across multiple chains.

According to a Bybit statement on X (formerly Twitter), $42.85 million in stolen funds has been frozen across multiple platforms.

THORChain blacklisted addresses tied to the attack, while Coinex provided key intelligence to assist in tracking the stolen assets.

Bybit acknowledged the swift response, stating, “Respect to their teams for their timely responses. They helped us monitor and block the blacklisted addresses.”

Additionally, Tether and Circle are flagging suspicious addresses, with Tether freezing 181,000 USDT tied to the exploit.

Other alt/meme coins like MultiversX, Nano, Near Protocol, NEM, NEO, Nervos Network, Nexo, Notcoin, NULS, Numeraire, Ocean Protocol, OKB, OMG Network, Ondo, Ontology, Optimism, Orbs, Orchid, Origin Protocol, and Osmosis came under pressure due to the broader market effect and were trading in the red at the time of writing.

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