- Major cryptocurrencies face significant losses with XRP, Dogecoin, and Cardano each declining approximately 26% over the past week.
- Bitcoin shows relative stability with a 9% weekly decline, performing better than other top-10 cryptocurrencies.
- XRP’s decline coincides with technical difficulties on the XRP Ledger blockchain.
- Market volatility intensifies following Trump administration’s trade policy announcements.
- Ethereum experiences an 18% weekly decline, while Solana drops 21% during the same period.
The cryptocurrency market experienced broad-based declines this week, with several major digital assets suffering losses more than double that of market leader Bitcoin. While Bitcoin posted a 9% weekly decline to $96,280, rival cryptocurrencies XRP, Dogecoin, and Cardano each plummeted approximately 26%.
XRP‘s value dropped to $2.33, retreating significantly from its seven-year peak achieved earlier this month. The decline was exacerbated by technical challenges affecting the XRP Ledger blockchain, highlighting the infrastructure risks inherent in digital asset networks.
Meme-inspired cryptocurrency Dogecoin continued its characteristic volatility, falling to $0.248 from $0.34. Meanwhile, Cardano‘s ADA token recorded the steepest decline among major cryptocurrencies, dropping nearly 27% to $0.71.
The market turbulence coincides with geopolitical tensions sparked by the Trump administration’s trade policies. The implementation of 10% tariffs on Chinese imports and subsequent retaliatory measures, including China‘s announced antitrust investigation into Google, have contributed to broader market uncertainty.
Ethereum, the second-largest cryptocurrency by market capitalization, declined 18% to $2,700, while Solana experienced a 21% drop to $190. These movements reflect the heightened sensitivity of alternative cryptocurrencies to market stress compared to Bitcoin.
The recent volatility marks a significant reversal from the post-election rally, during which Cardano had surged from $0.33 to $1.23. This pattern underscores the cryptocurrency market’s susceptibility to both political developments and regulatory changes in major economies.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Trump-Backed DeFi Platform Increases Stake in Ondo Finance with $470K Token Purchase
- Czech President Signs Historic Crypto Law, Embracing EU’s MiCA Framework
- Active Crypto Traders Rise as JP Morgan Survey Shows Shifting Institutional Sentiment
- Former Celsius CEO Mashinsky Seeks One-Month Delay in Fraud Sentencing
- Metropolis World Launches $CLAY Token with Major Gaming and Entertainment Partnerships
