XRP Crashes Through Critical Support, ADA Tumbles 7%, Bitcoin Breaches $113K: Market Meltdown
Crypto markets just got punched in the gut—hard. Three major assets are bleeding out simultaneously, sparking panic across trading desks and Telegram groups alike. This isn’t a dip; it’s a full-scale rout.
XRP’s Support Collapse
XRP didn’t just dip below its crucial support level—it vaporized it. That key floor, watched like a hawk by every swing trader from Seoul to San Francisco, shattered without mercy. No bounce, no fight—just a clean break that signals more pain ahead.
ADA’s 7% Nosedive
Cardano’s ADA got wrecked, plain and simple. A seven percent plunge in this climate feels like twenty—liquidation engines roaring, stop-losses triggering cascades. Smart contracts won’t save you when momentum turns savage.
Bitcoin’s $113K Breakdown
Even Bitcoin—the supposed safe haven—couldn’t hold the line. Slicing through $113K like it was nothing, BTC’s move dragged the entire market deeper into the red. When the king stumbles, the whole court falls.
So much for 'institutional adoption' saving the day—turns out Wall Street still trades on fear like the rest of us. Maybe they’re just using fancier charts.
BTC Slipped Below $113K
The current business week was expected to be volatile for the primary cryptocurrency, especially following the unusually calm weekend, during which the asset traded sideways around $117,500.
The losses began as Monday started, with Bitcoin dropping to an 11-day low at the time of $115,000 before and after the highly anticipated meeting between Trump, Zelenskyy, and a few more European leaders.
The landscape worsened on Tuesday, even though BTC recovered some ground at first to $117,000. However, the bulls quickly lost their grip on the market, and bitcoin nosedived below $113,000 on Tuesday evening and on Wednesday morning. This became the asset’s lowest price tag in roughly three weeks as fear has taken over.
Although it has bounced to almost $114,000, it’s still in the red on a daily scale. Its market capitalization has declined to $2.265 trillion, while its dominance over the alts is still below 58%.
ADA Slumps, XRP Struggles
Aside from LINK, which has charted a 3% daily increase, a few other altcoins are with minor gains over the past day, including SOL, TRX, LEO, and TON.
In contrast, ethereum has dropped toward $4,200 after a 1% daily decline. Similar losses are evident from the likes of BNB, DOGE, HYPE, XLM, and SUI.
Ripple’s native token has dropped below $3.00, which is considered a crucial support in its bull market aspirations. A 4% decline has pushed the asset to $2.90.
Cardano’s ADA has dumped the most from the larger-cap alts, losing over 8% of value and struggling at $0.85.
The total crypto market cap has seen over $70 billion gone overnight and is down to $3.920 trillion on CG.
