Bitcoin has fallen below $95,000, marking its lowest price in weeks. Other major cryptocurrencies, including Solana, XRP, and Dogecoin, are also dropping sharply.
Bitcoin and Other Cryptos Are Falling
Bitcoin is now priced at $94,202, showing a 1.5% drop in 24 hours and a 2% decline over the past week. While this is not a major crash, it is the lowest price since February 3, according to CoinGecko.
Other cryptocurrencies are seeing even bigger losses. Solana has dropped over 9% in one day and 18% in a week.
This comes after the controversy surrounding the LIBRA meme coin, which was promoted by Argentina’s President Javier Milei.
The coin’s value skyrocketed before crashing nearly 90%, leading to fraud allegations against Milei.
Crypto Market Faces More Losses
Other top cryptocurrencies are also struggling:
- Cardano is down 7%
- XRP, Dogecoin, and Binance Coin (BNB) are each down 6%
- Ethereum has dropped nearly 5% in 24 hours
Coins tied to Solana-based decentralized exchanges, such as Jupiter (JUP) and Raydium (RAY), have suffered the biggest losses. JUP is down 17%, while RAY has dropped 15% in the past day.
What’s Next for Crypto?
The market is reacting to the LIBRA controversy and overall economic uncertainty. Investors are watching Bitcoin’s next move, as a further drop could lead to more losses across the crypto space.
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