The cryptocurrency market was hit by a sharp downturn in the past 24 hours, with leading digital assets suffering widespread losses. Bitcoin led the decline, tumbling 2.9% to trade below $107,900. The drop wiped billions from its market capitalization, which now stands near $2.15 trillion. Trading volume remained above $60 billion, showing that investors were actively exiting positions amid the selloff.
Ethereum faced a similar setback, sliding 4.8% to $3,880 as selling pressure intensified. The second-largest cryptocurrency saw over $34 billion in daily trading activity, reflecting growing caution among traders.
BNB suffered a steep 6% decline to $1,072, while Solana showed limited resilience, holding around $184 after earlier strength. The downturn across top assets marked a sudden reversal following a period of steady gains earlier in the week.
Also Read: Traders Turn Cautious as Polymarket Bets Signal Limited Confidence in Bitcoin’s October Rally
XRP slipped 1.3% to $2.43 as liquidity thinned across key exchanges. Dogecoin fell 3.8% to $0.19, signaling a drop in retail enthusiasm. Cardano also recorded a 4.3% decline to $0.64, extending its losses from the previous session.
TRON moved lower by 1.3%, trading near $0.32, while Wrapped Bitcoin mirrored Bitcoin’s fall, losing 2.9% to $107,991. Wrapped stETH and Lido Staked Ether both declined by about 4.9%, tracking Ethereum’s downward trajectory.
The widespread price drops reflected heightened volatility and shifting sentiment as traders locked in profits and reduced risk exposure across multiple assets.
Amid the market-wide slump, a few smaller tokens managed to defy the negative trend. SynFutures (F) skyrocketed 92.6%, emerging as the top performer of the day. BinanceLife surged 69.7%, while Avantis (AVNT) rose 30.1%, showing renewed interest in niche projects.
Hajimi gained 20.6%, OpenLedger advanced 19.5%, and Paparazzi Token climbed 18.2%, proving that investor appetite for emerging tokens remains strong even during broader selloffs.
The last 24 hours painted a mixed picture for the crypto market. While blue-chip cryptocurrencies suffered significant losses, a few rising stars managed to shine, keeping traders alert in an increasingly volatile environment.
Also Read: Breaking: Ripple Backs Evernorth in $1B Deal to Launch Institutional XRP Vehicle
The post Crypto Bloodbath: Bitcoin, Ethereum, and Major Altcoins Plunge in 24-Hour Selloff appeared first on 36Crypto.



Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash. Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more