The crypto market extended its steep downturn today, with every major asset in the Top 10 posting notable losses across both daily and weekly timeframes. The sell-off intensified as high-leverage traders were flushed out of positions, adding nearly $900 million in liquidations over the last 24 hours, according to market data.
Bitcoin (BTC) continues to pull the wider market lower, trading at $91,470, down 3% today and 13.64% for the week. BTC’s repeated failures to reclaim the $95,000-$97,000 range have kept sentiment bearish, while futures markets remain thin and reactive.
Ethereum (ETH) fell to $2,960, marking a 4.5% daily drop and a 16.7% weekly decline, one of the worst showings in the Top 10. Heavy ETF outflows and long-term holder distribution continue to weigh on ETH’s recovery.
Stablecoins USDT and USDC held near their pegs, showing routine micro-fluctuations despite heightened volatility.
XRP slid to $2.1, down 4.3% today and 16.5% this week, as persistent resistance at $2.30 plus surging sell volume confirmed institutional unloading.
BNB retreated to $896, dropping 2.7% in 24 hours and 9.3% this week, while liquidity continued shifting away from Binance-linked assets.
Solana (SOL) fell sharply to $129.7, with a 5.5% daily decline and a 22.4% weekly loss, as the asset experienced heavy pullbacks despite new ETF-related excitement.
TRON (TRX) remained the most stable among major altcoins at $0.289, down just 0.8% today and 1.9% for the week.
Dogecoin (DOGE) traded at $0.152, losing 2.6% today and 15.4% on the week, reflecting fading speculative interest.
Cardano (ADA) dropped to $0.461, slipping 4.6% today and 21.8% this week, showing clear signs of extended capitulation among holders.
Hyperliquid (HYPE) settled at $37.58, recording a 1.1% daily decline and 9.5% weekly drop, still faring better than most altcoins in this correction.
The downturn was amplified by aggressive leverage wipes across the derivatives market:
The imbalance, where long positions dominate the losses, highlights how over-leveraged bullish positions were caught off-guard by the latest wave of sell pressure. As liquidity thins, even moderate price fluctuations are triggering outsized liquidations.
Across all major assets, the combination of weekly declines, fresh liquidations, and fading institutional demand reflects a market struggling to find a near-term bottom. With Bitcoin stuck under $95K and Ethereum battling to hold $3,000, volatility is expected to remain high heading into the week.
