Crypto Sell-Off Intensifies as Bitcoin and Altcoins Fall Further

The post Crypto Sell-Off Intensifies as Bitcoin and Altcoins Fall Further appeared first on Coinpedia Fintech News

The crypto market has just experienced one of its sharpest sell-offs on record, with Bitcoin plunging nearly $10,000 in a single day and briefly touching the $60,000 level. The sudden collapse triggered widespread panic, wiping out more than $2 billion in leveraged positions, most of them from traders betting on higher prices.

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Ethereum, XRP, and Solana Struggle as Altcoin Sell-Off Intensifies

Altcoins have suffered heavy losses, with market structure across most tokens remaining weak. Ethereum continues to face strong selling pressure and could slide toward the $1,500 level or lower if current conditions persist. XRP is drifting closer to $0.60, with no clear signs yet that the downtrend has ended.

Solana has dropped sharply into the $60–$70 range following a steep sell-off. While short-term rebounds of 30% or more are possible, analysts warn that any recovery is likely to remain volatile and occur within a broader downtrend. Other major tokens, including Cardano, Avalanche, and Sui, are also approaching key support zones where brief relief rallies could emerge.

Stablecoin Inflows Grow as USDT Dominance Weighs on Bitcoin

Meanwhile, USDT dominance has surged to new highs, signaling that investors are moving capital into stablecoins. Although this move appears stretched in the short term, sustained strength in USDT dominance would be bearish for Bitcoin and the wider crypto market. 

A clear pullback in stablecoin dominance could trigger a strong relief rally, potentially pushing Bitcoin back toward the $70,000–$80,000 range. However, analysts caution that positioning aggressively for this scenario remains risky given the current macro and market conditions.

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