Expand, ETH, SOL, XRP Plunge by Double Digits as Bitcoin Crashes Underneath$ 88, 000

Dogecoin ( DOGE ), Ethereum ( ETH), Solana ( SOL), and XRP have all recorded double-digit losses in the past 24 hours, as Bitcoin’s price plunged to a three-month low below$ 88, 000.

Bitcoin crashed as low as$ 87, 115, per data from CoinGecko. At time of publication, the cryptocurrency has dropped to$ 87, 657, down 8 % on the day and erasing the past week’s gains.

Analysts attribute the new losses to a number of factors, including the lack of confirmation regarding a U.S. national Bitcoin reserve and the state-level proposals to introduce BTC reserves, such as those in South Dakota and Montana.

Analysts also identified broader optimism about the effects of the Trump administration’s taxes and the current status of the U.S. money supply.

However, SOL and DOGE have been more tenacious than Bitcoin in recent years. As attitude around image coins declined as a result of the shooting of significant project launches, these two large-capitalization digital assets performed among the worst in recent months. After Argentine President Javier Milei was the subject of legal action and incident related to his campaign of LIBRA, a sign based on the Solana bitcoin, Solana dipped.

SOL is down 13.7 % in the past 24 hours to$ 135.46, dipping to levels not seen since early September 2024. It has fallen 46.6 % over the past 30 days.

Expand is over 13 % in the past 24 hours, hitting$ 0.1192, its lowest value since November. It has registered loss of 43 % month on month. The meme coin’s namesake, the Department of Government Efficiency ( DOGE ), is currently in the news due to the high-profile controversies involving Dogecoin fan and Tesla CEO Elon Musk and the meme coin’s sharp decline.

Ethereum ( ETH) has fallen 11.3 % to$ 2, 374 in the past 24 hours, broadly in keeping with the rest of the altcoin market. Meanwhile, XRP is down 15.6 % in the past 24 hours to$ 2.08.

With the total market capitalization of all cryptocurrencies dropping by almost 10 % in the past 24 hours, to$ 2.98 trillion, sentiment is souring. The Crypto Anxiety &amp, Greed Index, a third-party business sentiment score based on factors like research, social media, and business uncertainty, has hit 25, its lowest since September 2024.