Crypto Market Slides as Bitcoin and Altcoins Extend Losses
Market mood in the cryptocurrency sector has been upset following rising geopolitical tensions following Iran’s decision to cease conversations with the United States and reports of Bitcoin sales by Strategy Inc., both of which have contributed to steep falls in cryptocurrency prices over the past 24 hours. Overall cryptocurrency market capitalisation has experienced a decline exceeding 2 percent in the last 24 hours, with Bitcoin hitting a low of $71,293.75. On Monday, Strategy Inc disclosed the divestiture of 32 of its Bitcoin assets, executed during the period from May 26 to May 31. Funds generated from the bitcoin sales are anticipated to be allocated for financing distributions on the company’s preferred stock. Overall crypto market capitalisation has seen a decline of 2.5 percent in the last 24 hours, now standing at $2.43 trillion. The trading volume over the past 24 hours has seen a notable increase of 66 percent, amounting to $94 billion.
Approximately 15 of the leading 100 cryptocurrencies are experiencing overnight gains surpassing one percent, whereas more than 60 are facing overnight losses that exceed one percent. Bitcoin, the largest cryptocurrency, is presently valued at $71,071.20, reflecting a decline of 3.5 percent. The current price stands approximately 44 percent below the peak of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has experienced a decline of 8.4 percent over the past week and a significant drop of 18.8 percent since the start of the year. Bitcoin Spot ETF products in the U.S. experienced a reduction in net outflows, decreasing to $125 million on Friday, down from $223 million on Thursday and $733 million on Wednesday. The iShares Bitcoin Trust ETF experienced significant outflows, totalling $68 million. Bitcoin has dropped to the 14th position in the global ranking of all assets by market capitalisation, according to reports. It presently occupies a position between Samsung, which is ranked 13th, and Micron Technology, positioned at 15th.
Ethereum experienced a decline of 2.6 percent overnight, with its trading price settling at $1,959.55. The leading alternate coin is presently valued at an astonishing 60 percent beneath its peak of $4,953.73, attained on August 25, 2025. Ethereum Spot ETF products in the U.S. experienced a significant decline in net outflows, decreasing to $18 million on Friday from $121 million on Thursday. With outflows totalling $40 million, the iShares Ethereum Trust ETF recorded the most significant outflows in the market. Ethereum has dropped six positions to the 85th rank in the global hierarchy of assets by market capitalisation, as reported. The fourth-ranked BNB witnessed a decline of 5.8 percent overnight, resulting in a price adjustment to $678.46. BNB is presently positioned at a notable 50 percent beneath its zenith of $1,370.55, reached on October 13, 2025. Fifth-ranked XRP, a cryptocurrency centred on payments, has experienced a decline of 3.9 percent overnight and is currently trading at $1.27, which is roughly 67 percent below its all-time high of $3.84 achieved on January 4, 2018. The price of the 7th ranked cryptocurrency experienced a decline of 3.4 percent overnight, settling at $79.30. SOL’s current price stands approximately 73 percent lower than its peak of $294.33, reached on January 19, 2025.
Solana ETF products in the U.S. experienced net inflows of $1.3 million, representing a notable increase from the $0.5 million recorded on Thursday. TRON has attained the 8th position overall, although it has encountered a minor decrease of 0.66 percent overnight, currently trading at $0.3460. The trading price currently stands at 21 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. Hyperliquid, currently positioned at 9th, has experienced a notable increase of 3.5 percent over the past 24 hours. HYPE is presently valued at $71.52, reflecting a decline of approximately 4 percent from its peak of $64.59 attained on May 26, 2026. Hyperliquid ETF products in the U.S. experienced significant net inflows amounting to $32 million on Friday. Bitwise Hyperliquid ETF has achieved a remarkable milestone, recording inflows of $22.1 million. Memecoin Dogecoin is presently occupying the 10th position overall, reflecting a 1.1 percent increase overnight and currently trading at $0.09809. DOGE is presently valued at a notable 87 percent beneath its peak price of $0.7376, attained on May 8, 2021.
