The cryptocurrency market faced significant declines on Saturday, with Bitcoin falling to a three-week low near $68,000 after geopolitical tensions and Federal Reserve commentary triggered volatility. Most major altcoins followed suit, showing losses of 5-8%. However, the AI-focused token SIREN on the BNB chain defied the trend, soaring 90% to a new all-time high above $1.70.
Amid heightened geopolitical tensions, Bitcoin’s price was rejected at $71,000 and dipped to a three-week low of approximately $68,000. This decline followed a volatile week influenced by the Federal Reserve’s meeting and subsequent hawkish remarks.
Most alternative cryptocurrencies mirrored Bitcoin’s downward trajectory. Ethereum slid beneath $2,100, while XRP dropped under $1.40. Other notable assets like SOL, ADA, and DOGE recorded declines of 2-4% over the past 24 hours.
HYPE was among the poorest performers, losing nearly 5% of its value to reach $38. ZEC experienced a 7% dump, and assets like AAVE, DOT, and SUI also fell by 3-4%. The total cryptocurrency market capitalization shed nearly $200 billion since Wednesday.
Against this widespread market slump, SIREN stood out as the sole major gainer. The AI-focused cryptocurrency operating on the BNB chain skyrocketed by 90% in a single day, reaching a fresh all-time high of over $1.70.
