XRP Plunges 13% as Bitcoin Slips Below $70K

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XRP is today's most substantial loser from the largest 100 alts, dumping below $1.40. ZEC and MORPHO follow suit.

Bitcoin’s poor price performance continues in full force as the asset erased all gains seen after Trump’s reelection by slipping below $70,000 earlier today.

Most altcoins have bled out heavily as well, and it’s not just XRP. ETH, BNB, SOL, DOGE, ADA, and many more have posted massive declines.

BTC Dipped Beneath $70K
It’s almost hard to believe that just over a week ago, last Wednesday, bitcoin traded at $90,000. The developments since then have been nothing short of pure bear domination. While the reasons are still debated, the fact is that BTC was violently rejected at that point and driven south hard.

At first, it fell to $81,000 last Thursday, rebounded to $84,000 on Friday, and plummeted again to under $75,000 on Saturday. After an unsuccessful relief rally to $79,000, the bears were back in control and drove it to $73,000 on Tuesday.

The dead-cat bounce pattern repeated and bitcoin continued to lose value in the past 12 hours or so. Moreover, it dumped below $70,000 earlier today for the first time since just after the US elections in 2024.


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