Bitcoin fell to $59,2175, its lowest since early 2023, dragging Ethereum, XRP, and Dogecoin down amid broader risk-off sentiment.
Bitcoin plunged to $59,2175, its lowest level in 21 months, before recovering slightly to $60,700, marking a 2.7% decline over 24 hours. The sell-off extended to altcoins, with Ethereum dropping 3.1% to $1,610 and XRP falling 3.1% to $1.07, nearing a break below $1 for the first time since late 2024.
The decline mirrored weakness in semiconductor and AI stocks, reflecting broader risk aversion. Dogecoin also slid 4.6% to 7.5 cents, hitting its lowest point since late 2023. Analysts noted the drawdown echoed past crypto market corrections but lacked immediate catalysts beyond macro sentiment.
Crypto-related equities followed the downturn, though specific market reactions were not detailed. The sell-off marked Bitcoin’s third consecutive daily decline, extending losses amid persistent selling pressure.