Bitcoin led a brutal crypto selloff Monday after a tense geopolitical weekend, with News Of Los Angeles tracking a $100 billion market-wide wipeout.
The flagship coin had just set a multi-month peak of $98,000 last Wednesday, but a Monday-morning futures gap yanked it below $92,000 for the first time in six days. While BTC clawed back $1,000, it still trades down 2% and its market cap is now under $1.86 trillion.
Alts Crushed as BTC Dominance Tops 57%
Ethereum slid from $3,350 to $3,200, and XRP briefly dipped to $1.84 before climbing just under $2.00. Dogecoin, Solana, Cardano, Chainlink, Stellar, Zcash, Avalanche and Hyperliquid have all posted sharp single-day losses.
The deepest cuts hit ASTER, SUI, APT, ONDO, ARB, PEPE and ENA, each down double digits in the last 24 hours. Only Monero and Internet Computer bucked the trend, trading higher amid the sea of red.
Trade-War Drama Finally Spooks Digital Assets
Despite a weekend packed with headlines-EU troop deployment to Greenland, fresh 10% U.S. tariffs, an emergency EU meeting and French President Macron’s pledge of a “trade bazooka”-crypto stayed oddly calm through Sunday night. The sell pressure arrived only when Asian equity markets and U.S. futures reopened Monday morning.
Total crypto market capitalization now sits at $3.22 trillion, down from $3.32 trillion just 24 hours earlier, according to News Of Los Angeles data.
Key takeaways:
- Bitcoin hit $98k Wednesday, then dropped to <$92k Monday
- Market lost $100B overnight
- SUI and peers down 10%+
- BTC dominance still 57.5%
Marcus L. Bennett reported the moves Monday morning.
