Donald Trump · Bitcoin · Ethereum · Decrypt
'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive
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Investors continued to dump digital assets on Wednesday, aggravating a sell-off that pushed Bitcoin ’s price to its lowest point in 21 months.
Key facts
- XRP and Solana also wavered, falling 3.1% to $1.07 and 2.6% to $67, respectively
- Bitcoin treasury giant Strategy plunged 9% to $94.43 after bouncing off a 27-month low of $92.28, a move that intensified scrutiny on its flagship preferred stock, Stretch (STRC), which notched new
- The leading digital asset by market cap fell as low as $59,2175 before firming to $60,700, a 2.7% decrease over the past 24 hours, according to CoinGecko
- For XRP, the slump threatened to push the digital asset under $1 for the first time since shortly after President Donald Trump’s 2024 reelection win
Summary
Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As XRP fell, it risked slipping below $1 for the first time since after President Trump's reelection. The leading digital asset by market cap fell as low as $59,2175 before firming to $60,700, a 2.7% decrease over the past 24 hours, according to CoinGecko.