The cryptocurrency market is currently experiencing a significant and intense correction phase.
Among the top 100 cryptocurrencies, XRP has suffered the most severe decline, plummeting over 20% in value.
This token associated with Ripple is now close to being overtaken by Circle’s USDC stablecoin in terms of market capitalization.
Since reaching its all-time high of $3.65 last July, this controversial asset has lost nearly 70% of its value.
No refuge available
Privacy-centric cryptocurrencies have also faced steep losses amid this downturn. Zcash (ZEC) dropped by 19.2%, falling to $213.65, while Monero (XMR), a leading coin in the sector, declined by 18.5%, trading at $310.96.
The widespread sell-off has left investors with virtually no safe options; none of the top 100 cryptocurrencies (excluding stablecoins) have maintained positive gains during this market slump.
This bearish trend has been comprehensive, erasing profits across all major sectors within crypto assets.
Nevertheless, a few altcoins demonstrated relative resilience despite the overall negative sentiment.
Hyperliquid (HYPE), a token from a decentralized exchange platform, showed remarkable stability with less than a 4% decrease—helped notably by its recent listing on Coinbase.
Additionally, tokens like TRON (TRX) and Toncoin (TON), among others, experienced comparatively milder declines during this turbulent period.