It’s not exactly a banner Monday in crypto-land, and over the past day, the entire crypto economy slipped below the $3 trillion threshold. As of today, the sector is off more than 3% and limping along at roughly $2.93 trillion.
While attention is locked on BTC slipping below the $86,000 level, plenty of altcoins are feeling the day’s bruises. Ethereum (ETH), for example, is off 4.8% and trading south of the $3,000 mark at $2,935 per coin. Among the top ten majors, BNB dropped 4.4%, XRP fell 4.9%, SOL slid 4.1%, DOGE declined 4.5%, and ADA gave up 4.1%. In a mild plot twist, tron ( TRX) managed to edge up about a percentage point over the past day.
Lower-tier tokens took an outright beating, and in a bit of dark humor, a coin literally called REKT claimed Monday’s top loser slot after wiping out 18.40%. AXL followed close behind with a 17.22% drop, Terra’s LUNA2 slipped 14.40%, and BAT logged a 13.63% decline. The pain didn’t stop there, with TEL down 13.35%, XPL off 13.19%, and MOVE shedding 11.70%. Aster (ASTER) rounded out the list by chalking up an 11% loss on the day.
Data shows that more than 21 coins sitting below ASTER also posted losses in the 7.9% to 10% range. That said, a few names managed to swim against the tide: JELLYJELLY popped 10.60%, MORPHO climbed 6.19%, and LEO added 2.46% on the day. A token literally called NFT inched up 1.26%, while the Tron-linked SUN token also eked out a 1.12% gain.
Coinglass.com stats show that, beyond bitcoin, ethereum takes the dubious honor of leading the liquidation scoreboard, with roughly $171.65 million in derivatives plays erased, cementing its spot as the second-place winner in both size and impact. Solana trails at a respectable distance, clocking about $35.27 million in liquidations, a nod to how crowded SOL derivatives positioning has become.
Read more: Bitmine ETH Holdings Near 4 Million as Stock Trades Close to mNAV Range
XRP and XYZ100 line up next, each logging liquidations just north of the $13 million mark, pointing to meaningful but more contained pullbacks compared with ETH and SOL. Dogecoin also makes an appearance among the day’s casualties, alongside a supporting cast of mid-cap names — cardano ( ADA), near (NEAR), zcash (ZEC), bitcoin cash ( BCH), chainlink (LINK), binance coin ( BNB), avalanche (AVAX), and sui (SUI) — all contributing their share to Monday’s market pressure.
Altogether, Monday’s tape reads less like a gentle reset and more like a stress test, with leverage getting wrung out and risk appetite taking a clear step back. Until bitcoin itself finds firmer footing, the broader market appears stuck in a wait-and-see mode, leaving altcoins to absorb the heavy aftershocks while traders reassess positioning, liquidity, and just how much conviction is left on the table.
By 2:10 p.m. EST, some relief has come with BTC just a hair above the $86K zone and a few altcoins gaining some percentage points back.
- Why are altcoins falling today? Altcoins slid as bitcoin dipped below $86,000, triggering broad risk-off positioning and heavy derivatives liquidations across the crypto market.
- How much has the crypto market declined? The total crypto market value fell more than 3% over the past day, dropping below $3 trillion to roughly $2.93 trillion.
- Which cryptocurrencies saw the largest losses? Several lower-tier tokens posted double-digit declines, with ethereum also leading liquidations at more than $171 million.
- Are any cryptocurrencies rising despite the drop? A small handful of tokens, including JELLYJELLY, MORPHO, LEO, and SUN, managed modest gains amid the broader selloff.
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