Bitcoin Drops 7.4% Below $69,000 as Ethereum and BNB Lead Crypto Market Selloff
Bitcoin fell 7.4% to $68,773.47 as a broad cryptocurrency selloff pushed major digital assets lower, with Ethereum, BNB and several other large-cap tokens also recording significant losses. According to Data from CoinGecko showed Bitcoin trading volume at $40.77 billion, while its market capitalization stood at $1.38 trillion.
The decline extended across much of the cryptocurrency market, although a number of smaller tokens moved higher during the same trading period. Among major assets, Ethereum and BNB recorded losses exceeding 6%, while Monero and Zcash also faced substantial selling pressure.
Ethereum, BNB and XRP Decline Alongside Bitcoin
Ethereum (ETH) dropped 6.6% to $1,929.49, with trading volume reaching $14.68 billion and market capitalization totaling $235.81 billion. BNB (BNB) declined 7.3% to $631.91, recording $1.05 billion in trading volume and a market capitalization of $83.10 billion.
XRP (XRP) fell 2.9% to $1.02. Its trading volume reached $2 billion, while its market capitalization stood at $64.75 billion. Solana (SOL) also moved lower, losing 5.3% to trade at $79.69, with trading activity totaling $3.14 billion.
Other established cryptocurrencies followed the downward trend. Dogecoin (DOGE) declined 4.9% to $0.06412, while TRON (TRX) lost 1.9% to $0.3105. Hyperliquid (HYPE) recorded a comparatively smaller decrease of 0.7%, trading at $71.51.
Zcash (ZEC) dropped 7% to $938.54, while Monero (XMR) recorded the steepest decline among the listed major assets, falling 9.2% to $523.61.
Smaller Cryptocurrencies Post Gains Despite Market Weakness
Despite the broad decline among major cryptocurrencies, several smaller digital assets recorded strong gains during the same period. Sanctum (SANC) led the reported gainers, rising 138.8% to $0.1049, with trading volume reaching $10.06 million.
Akedo (AKE) climbed 78.1% to $0.004405, while Lombard (BARD) gained 73.2% to reach $0.1391. Magma Finance (MAGMA) advanced 23.6% to $0.338, recording $44.81 million in trading volume.
Epic Private Internet Cash (EPIC) increased 23.9% to $1.01. DODO (DODO) rose 16.6% to $0.02691, while XPR Network (XPR) gained 14.8% to $0.001911.
The contrasting performance highlights the uneven movements across the cryptocurrency market during the selloff. Bitcoin's decline below $69,000 coincided with substantial losses among major digital assets, even as selected smaller cryptocurrencies registered double-digit gains.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.