As seen on the crypto price tracker, Coin Market Cap, almost every major coin are all in the red including perenial rivals BNB, Solana and Ethereum. The total crypto market cap fell to $2.64 trillion, representing a 2.5 percent dip in 24 hours. First, there were a number of macro and micro factors that led to negative market performance that left investors feeling uneasy.
BNB’s price dropped 1.2 percent to a trading price of $580.13 at the moment of writing. Solana suffered the steepest loss of the top 10, losing 5.1 percent in the last 24 hours to $125.51. Onyxcoin (XCN) saw the biggest losses on the day, down 15.8 percent to lead all top 100 cryptos. Walrus ($WAL), another Ethereum-based meme token, wiped out 15.5 percent of its value within the last 24 hours.
Even dogecoin couldn’t escape the market’s freeze, dropping 3.8 percent in the last 24 hours to $0.1532. At the time of this writing, the meme coin was 79 percent below its all-time high. Year-to-date losses in 2025 have already surpassed 52 percent. Ethereum wasn’t immune to the market’s dramatic downturn, losing 3.4 percent overnight to $1,575. Ethereum is still trading 68 percent below its all-time high. It has continued to cling to advances of 6.6 percent in the last week. Still, year-to-date losses for Ether are larger than 10 percent.
Cardano followed an overnight trend across the entire market, dropping 5.1 percent to $0.6055. The cryptocurrency is now down 80 percent from its all-time record high.
Tuesday’s selling pressure on Ether could be attributed to Ethereum-based Spot ETF products witnessing $14 million in outflows. Market analysts are watching these outflows like a hawk as they are a real-time indicator of how investors are feeling about Ethereum-based investment products.
