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.
Top Gainers (24 Hours)
Full story available on Benzinga.com
