Crypto Markets Plummet as BTC Briefly Drops Below $106K
There doesn’t appear to be a clear driver for the double-digit losses across, experts said.
The broader crypto market dropped on Friday evening, with Bitcoin (BTC) falling 12% below $108,000 and Ethereum (ETH) slipping 17% under $3,600 amid renewed risk-off sentiment.
Major altcoins followed suit, dragging total crypto market capitalization down about 15% to $3.59 trillion, according to CoinGecko data.
XRP experienced a 31% drop as experts warned of a “price crash.” The token is currently trading at $1.90, its lowest price since Nov. 2024. Meanwhile, its market cap dropped by 15% on the day to $115 billion.
