Bitcoin Falls Below $77,000 as Zcash Drops 11% Amid Crypto Market Sell-Off
Bitcoin fell below $77,000 as cryptocurrency markets faced widespread selling pressure, with Ethereum, Solana, BNB and Hyperliquid also recording losses. Zcash posted the steepest decline among the major assets listed, while TRON, Monero and several smaller tokens moved higher against the broader market downturn.
According to CoinGecko data, Bitcoin (BTC) traded at $76,646.60 after declining 2.2% over 24 hours. Its daily trading volume reached $26.75 billion, while its market capitalization stood at $1.54 trillion, keeping it the largest cryptocurrency by market value.
Bitcoin and Major Cryptocurrencies Extend Losses
Ethereum (ETH) dropped 2.3% to $2,249.51, with $9.79 billion in daily trading volume and a market capitalization of $274.83 billion. BNB (BNB) fell 2.4% to $695.16, while XRP (XRP) recorded a smaller decline of 0.7% to $1.25.
Solana (SOL) lost 3.5% to trade at $91.87. The token recorded $2.45 billion in trading volume and a market valuation of $54.21 billion, according to the reported figures.
Zcash (ZEC) suffered a sharper sell-off, falling 11.1% to $1,130.27. The decline made it the weakest-performing major cryptocurrency in the market figures provided.
Hyperliquid (HYPE) also came under pressure, dropping 5.7% to $83.38 as daily trading volume reached $1.17 billion. Dogecoin (DOGE) declined 2.6% to $0.07401.
Not all major cryptocurrencies moved lower. TRON (TRX) gained 2.1% to $0.3208, supported by $510.44 million in daily trading activity. Monero (XMR) rose 0.5% to $608.07, with its market capitalization reported at $11.45 billion.
ElevateFi Leads Crypto Gainers With a 1,231% Jump
While leading cryptocurrencies mostly declined, several smaller digital assets posted substantial percentage gains. ElevateFi (EFI) topped the reported gainers, surging 1,231.4% to $25.94. However, its trading volume was relatively limited at $697,845.
Aria.AI (ARIA) climbed 37.7% to $0.1144, with $25.57 million in trading volume. DMT-NAT (NAT) advanced 35.6% to $0.0612, while Yellow (YELLOW) rose 33.7% to $0.1276 on $4.56 million in volume.
AudaCity (DACITYCOIN) gained 28.9% to $0.0204, followed by Metaplex (MPLX), which increased 25.5% to $0.09265.
Other advancing tokens included THORChain Yield (TCY), which rose 24.0% to $0.1828, and Impossible Cloud Network Token (ICNT), which gained 16.3% to $0.1987.
Crypto Market Shows Diverging Performance
The reported market figures highlight a contrast between losses across several large cryptocurrencies and sharp rallies among selected smaller tokens. Bitcoin's 2.2% decline coincided with steeper drops in assets such as Zcash and Hyperliquid, while TRON and Monero recorded modest gains.
ElevateFi's triple-digit percentage increase stood out among the smaller-token performers, although its reported trading volume was below that of several other gainers. The figures show varied performance across the market, without establishing a single cause for the price movements.
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.