XRP was the worst-performing cryptocurrency among the top 10 altcoins, declining alongside a volatile market. Bitcoin’s price tapped a five-day high near $68,400 before falling nearly $2,000 amid geopolitical concerns. Most major altcoins dropped 2-3%, with HYPE and XRP seeing the largest losses in the top 25.
Bitcoin briefly challenged $68,400, only to be rejected and driven down by almost $2,000 in hours. The latest price action followed reports on the Middle East war front, with conflicting claims stating former President Trump might consider ending the war while others suggested regional countries were pushing for continued attacks on Iran.
This followed a week where Bitcoin failed to break the $72,000 resistance, leading to a correction to a monthly low near $65,000. The cryptocurrency now struggles below $67,000 as the total crypto market cap shed over $30 billion daily to approximately $2.38 trillion.
Most altcoins followed the broader market downturn. Although Ethereum (ETH) remains above $2,000, XRP fell 3.4%, pushing it toward a key support level at $1.30.
The asset has dropped over 7% in the past week alone, further trailing BNB in market cap placement. Other major altcoins like Solana (SOL), Cardano (ADA), and Stellar (XLM) were also deep in the red.
