Ether and XRP Drop 5% as Crypto Market Declines; APT Rises 10%
Ether (ETH) experienced a 7% decline in the last 24 hours amid ongoing crypto market sell-offs. Key points include:
- Bitcoin (BTC) fluctuated between $89,000 and $82,500 during U.S. trading hours, recovering slightly to over $86,000 in Asian markets.
- The CoinDesk 20 index fell over 3%.
- Major tokens such as XRP, BNB, ADA, and DOGE dropped by up to 4%, with over $600 million in futures liquidations.
- Litecoin (LTC) and Aptos (APT) rose over 10% each; APT's increase followed the registration of a "BITWISE APTOS ETF" in Delaware.
- Market sentiment remains cautious regarding LTC, with skepticism about long-term institutional interest.
- U.S. equity losses mirrored those in crypto markets, driven by disappointing earnings from Nvidia.
- New York Fed research indicated Trump's tariffs on China imports impact the U.S. economy more significantly than anticipated.
- Market observers await macroeconomic signals for potential BTC rallies; speculation is low amid declining prices.
In summary, the crypto market faces continued pressure with mixed performances among major assets and external economic factors influencing investor sentiment.