Crypto Sell-Off Hits Bitcoin and XRP Even After Trump’s Pro-Crypto Davos Speech

The crypto market moved sharply lower on Tuesday, even after U.S. President Donald Trump said he plans to sign a major crypto market structure bill “very soon.”

Total crypto market value slipped to $2.96 trillion, down about 2% in 24 hours, while investor sentiment stayed weak. 

Top coins trade lower

  • Bitcoin fell to around $87,800, down nearly 2% on the day
  • Ethereum dropped over 3% to about $2,890
  • BNB and XRP also declined, extending weekly losses
  • Most altcoins continued to underperform, keeping altcoin season muted

The broader market has now fallen more than 8% over the past week, with many coins trading in oversold territory.

From rally to sell-off in hours

Markets initially reacted positively to Trump’s comments at the World Economic…

Source link