Crypto Market Plunges as Major Coins Log Double-Digit Losses in 24 Hours

Source: ETHNews Original Title: Crypto Market Plunges as Major Coins Log Double-Digit Losses in 24 Hours Original Link: https://www.ethnews.com/crypto-market-plunges-as-major-coins-log-double-digit-losses-in-24-hours/ The crypto market is enduring one of its sharpest single-day pullbacks of the quarter, with nearly every major asset flashing deep red and fear gauges collapsing to extreme levels. Total market capitalization has dropped to $2.84 trillion, down 7.9% in 24 hours, reflecting widespread de-risking across Bitcoin, Ethereum, and the broader altcoin sector.

Bitcoin Slides Toward the Low $80Ks

Bitcoin leads the downturn, falling to $82,965, a -8% daily drop and -14.5% on the week. Heavy ETF outflows, aggressive liquidations, and a deteriorating macro backdrop continue to pressure price momentum. With sentiment at “extreme fear,” traders are reducing exposure rather than buying dips.

Ethereum, Solana, and BNB See Harsh Sell-Offs

Ethereum mirrors Bitcoin’s weakness, sinking -9% in the last 24 hours to $2,700, while its weekly decline steepens to -16.18%. Network fundamentals remain stable, but falling liquidity and broader market anxiety have erased recent gains.

Solana, one of 2025’s strongest performers, is down -9.7% in 24 hours at $125, extending a -12% weekly slide. BNB has also been hit hard at $814, shedding -8.7% on the day.

Altcoins Hit Even Harder

Risk-sensitive altcoins are sustaining the most damage:

• XRP: -8.42% (24h), -17.62% (7d)
• Dogecoin: -12.33% (24h), -15.79% (7d)
• Cardano (ADA): -12.15% (24h), -22.16% (7d)
• Hyperliquid (HYPE): -14.75% (24h)
• Zcash (ZEC): -11.40% (24h), bucking the trend with slight weekly gains

Bitcoin Cash is one of the rare assets showing intraday resilience, up 1.08%, though still broadly following market sentiment.

Extreme Fear Takes Hold

The Fear & Greed Index has collapsed to 11, deep in “extreme fear”, a psychological level often associated with capitulation phases. Meanwhile, Altcoin Season Index at 26 confirms capital is fleeing speculative assets and rotating defensively toward Bitcoin, despite BTC’s own sharp correction.

The Bottom Line

Aggressive selling, evaporating liquidity, and a surge in ETF outflows continue to weigh on the crypto landscape. With double-digit declines across top assets and sentiment reaching its most stressed point in weeks, traders are bracing for elevated volatility as the market searches for stability.