Bitcoin Price Plunges Below $87,000 Amid Market-Wide Crypto Sell-Off
Bitcoin Drops Sharply as Crypto Market Faces 10% Decline
Bitcoin (BTC) witnessed a significant downturn late Tuesday, falling below $87,000 as the entire cryptocurrency market suffered a major sell-off. Within hours, billions of dollars were wiped out, leading to widespread losses across major digital assets.
Bitcoin Hits Three-Month Low
According to CoinGecko, Bitcoin dropped to a three-month low of $87,115, marking an 8% decline in the past 24 hours. Some platforms reported even lower levels, with BTC hitting $86,500 in certain exchanges.
This sharp decline erased last week’s gains and triggered double-digit losses in other top cryptocurrencies like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE).
Top Cryptocurrencies Face Heavy Losses
At the time of writing:
- Ethereum (ETH) dropped 11% to $2,500.
- Solana (SOL) plunged 13.7% to $135.46, its lowest level since September 2024. Over the past month, SOL has fallen by 46.6%.
- Dogecoin (DOGE) tumbled 13% to $0.1192, reaching its lowest price since November. DOGE has declined 43% month-over-month.
Stock Market Decline Impacts Crypto Sentiment
The broader crypto market crash coincided with a downturn in the US stock market. The Nasdaq Composite fell over 1%, as investors reacted to escalating trade tensions and declining AI-related stocks. This shift in sentiment has prompted a risk-off approach, impacting both traditional and digital asset markets.
With increased market volatility, investors remain cautious about further losses in the cryptocurrency sector. Analysts suggest monitoring key support levels as uncertainty continues to drive sharp price swings in the digital asset space.
Stay Updated
For the latest crypto market news, updates, and analysis, stay connected and subscribe to our newsletter.
