Crypto Market Plummets 3% in a Single Day
This week started rough for the cryptocurrency market, with prices dropping 3% in just 24 hours. Red dominates the charts as traders reassess their positions. The decline stems from ongoing global trade tensions and fading momentum from earlier rallies, impacting both major assets and altcoins.
Bitcoin, Ethereum, and XRP Face Significant Losses
- Bitcoin (BTC) dipped below the $84,000 mark, now trading at **$83,100**. While the drop isn’t extreme, it shakes confidence and hints at potential further declines.
- Ethereum (ETH) took a harder hit, falling 4% below $1,600 to **$1,580**. This reversal erased recent gains, pushing ETH back into bearish territory.
- XRP also dropped 4%, nearing the critical $2 support level. After its recent rally, XRP now risks a breakdown if market conditions worsen.
Top 5 Biggest Crypto Losers in 24 Hours
While major cryptos stumbled, some altcoins suffered severe losses. Here are the worst performers of the past day:
| # | Name | Price | 1h % | 24h % | 7d % | Market Cap | 24h Volume | Circulating Supply |
|----|---------------|----------|--------|-----------|--------|------------|------------|--------------------|
| 1 | MANTRA (OM) | $1.24 | +33.26%| **-80.19%** | -78.91%| $1.21B | $1.62B | 1.49B OM |
| 2 | Movement (MOVE) | $0.2992 | +1.05% | **-12.74%** | -6.48% | $733M | $93.6M | 312.4M MOVE |
| 3 | Walrus (WAL) | $0.4563 | +0.05% | **-11.59%** | -0.55% | $585M | $52M | 113.99M WAL |
| 4 | EOS | $0.6090 | +0.46% | **-11.41%** | +17.53%| $949M | $271M | 446.95M EOS |
| 5 | Ethena (ENA) | $0.3078 | +0.19% | **-11.08%** | -11.26%| $1.71B | $132M | 429.93M ENA |
MANTRA (OM) led the crash with an 80.19% nosedive, marking one of 2025’s most extreme drops.
What’s Next After the Crypto Crash?
This correction could be temporary or signal a broader downturn. With Bitcoin, Ethereum, and XRP teetering near key support levels, the next 48 hours are pivotal.
If global trade conflicts persist, investor uncertainty may trigger deeper losses. Conversely, positive developments or bullish momentum could spark a swift recovery.
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FAQs
Q: Why did MANTRA (OM) drop 80%?
A: The crash suggests possible panic selling or liquidity issues—common in volatile altcoins.
Q: Is now a good time to buy Bitcoin?
A: It depends on risk tolerance. BTC’s price near $83,100 could be a dip or a precursor to further drops.
Q: How does XRP’s drop affect its long-term outlook?
A: XRP remains sensitive to market sentiment. Holding above $2 is crucial to avoid a bearish trend.
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