Bitcoin Drops Below$ 95K as Solana, XRP and Dogecoin Stay Falling

Crypto businesses are in the dark on Tuesday as Bitcoin dipped below$ 95, 000 to reach its lowest rate in days, while other major possessions like Solana, Dogecoin, XRP, and BNB are leading costs among the top 10 pennies.

Bitcoin is currently priced at$ 94, 202, and while the 1.5 % daily drop and more than 2 % weekly dip aren’t massive swings, it does mark the lowest price seen for the coin since February 3, per data from CoinGecko.

BTC’s modest decline comes as other significant coins are experiencing a much-needed decline, most notably Solana, the company that promoted the contentious launch of the LIBRA meme coin on X ( previously Twitter ) on Friday.

After exploding in value, LIBRA dropped by nearly 90 %, leading to Milei’s deletion of his commercial post and claiming that he had little knowledge of the project. Milei was charged with fraud over the weekend after the launch, which turned into a huge controversy with the release following the country’s stock market collapse on Monday.

Amid the negative headlines, Solana’s own SOL token has taken a major hit, plunging more than 9 % over the last day and over 18 % in the last week. It’s by far the biggest fool in the top 10 currencies by market cover across both time periods.

Elsewhere in the top 10, Cardano is down 7 % in the last day, while XRP, Dogecoin, and Binance Coin ( BNB) have each fallen by about 6 % during that span. Ethereum is down about 5 % over the past time.

Looking across the top 100 coins, the two biggest losers over the last day are coins tied to Solana decentralized exchanges Jupiter ( JUP) and Raydium (RAY ), which are down 17 % and 15 % respectively.