On Thursday, the crypto economy cruised at $3.38 trillion while bitcoin ( BTC) slipped 2% in 24 hours, nearly brushing the $100,000 line again at 11:40 a.m. Eastern. Across the market, it was mostly chaos and a dash of confetti — several coins logged double-digit wins while others faceplanted just as hard.
Crypto Market Loses Another $66 Billion Overnight — Some Coins Soared, Most Got Smoked
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Bitcoin Dips, Most Others Drown
By 2 p.m. Eastern, BTC was down 2%, ethereum ( ETH) had fallen 3.8%, and traders were watching the smaller caps light up the scoreboard.
The aptly named soon (SOON) shot up 63.75%, internet computer (ICP) spiked 33.53%, and MINA added 25.80% to its tally. ALEO climbed 18.26%, filecoin (FIL) rose 18.15%, CCD rallied 17.11%, XTZ gained 12.19%, BAT lifted 11.02%, and zcash (ZEC) zipped up 9.17%.
The heavyweight cryptos didn’t share the same luck. XRP dropped 3.24%, SOL fell 3.62%, and HYPE’s name did it no favors — it sank 7%. The meme token DOGE wagged its tail downward by 4.2%. The biggest nosedive came from plasma (XPL), cratering 18.46%. Telcoin (TEL) tumbled 14.99%, while decred (DCR) shed 13.79% against the dollar. Virtual protocol (VIRTUAL) took a 13.01% hit, landing at $1.23.
SPX6900 (SPX) wasn’t spared, sliding 11.43% to $0.6384. ZK tripped 10.90%, and PUMP deflated 10.21% to $0.003765. Zebec Network (ZBCN) shrank 8.75% to $0.003119, toshi (TOSHI) dipped 8.69% to $0.0005175, berachain (BERA) lost 8.54% to $1.40, and aster (ASTER) closed the crimson parade with an 8.50% fall to $1.01.
Market analysts can’t agree on who’s wrecking the crypto party — some are side-eyeing President Trump’s tariffs and the revived trade war chatter, while others pin the blame on the Nikkei’s slide and whispers of an AI bubble about to pop. And then there’s the “silent IPO” theory, suggesting the OGs are quietly cashing out during bitcoin’s big-league debut.
While bitcoin and ethereum are getting bruised, the altcoin ring — aside from a few stubborn privacy coins — looks like a total slaughterhouse. Tokens of every flavor are bleeding out as traders ditch anything that doesn’t come with brand-name clout. From meme coins gasping their last breath to once-hyped darlings in free fall, it’s pure crypto carnage — skip the popcorn, grab a helmet.
