Crypto Bloodbath: Bitcoin, Ethereum, Litecoin Tumble Amid Surging Market Activity
Market jitters hit crypto hard today as BTC, ETH, and LTC all nosedived—despite record-breaking network congestion. Traders are scrambling, exchanges are sweating, and your portfolio probably looks like a crime scene.
Here’s the wreckage:
Bitcoin (BTC): The OG crypto got sucker-punched, dropping like a brick in a swimming pool. Miners are still stacking sats, though—because nothing says 'faith' like burning electricity at a loss.
Ethereum (ETH): Gas fees spiked higher than a DeFi degenerate’s leverage ratio. Vitalik’s vision of scalability? Still stuck in traffic.
Litecoin (LTC): The 'silver to Bitcoin’s gold' tarnished faster than a Wall Streeter’s reputation during a margin call.
Meanwhile, institutional investors are 'hodling' (read: trapped) while retail traders panic-sell into the abyss. Classic crypto—where the only thing more volatile than prices are Twitter 'analysts' flipping from bull to bear mid-tweet.
Pro tip: If your TA (technical analysis) didn’t predict this, maybe try astrology next time. The charts are equally reliable—and at least Mercury retrograde makes for a better scapegoat.
Major Asset Performance
Bitcoin was the top trending token on CoinMarketCap, priced at $114,110.54. It dropped 1.04% daily and 3.57% weekly, but still gained 4.86% this month.
Ethereum was the second, now it’s trading at $3,630.20, which is a slight dip of 0.42% over the last 24 hours and a 4.70% drop for the week. On a brighter note, it has seen a remarkable 30-day gain of 41.80%, bringing its market cap to $438.2 billion, with a trading volume of $32.8 billion.
Litecoin was the unexpected token, with it coming number three, with a 2.56% daily jump to $122.28, backed by a $1.95 billion volume.
Top Gainers and Most Visited Tokens Stand Out
Among the top gainers, Pumpfun was top trading at 0.003321, having increased by 8%. Mantle (MNT) was the second, having shot up by 15.28%, reaching $0.9064. POL followed with 5.85%, and it also experienced high trading volume, exceeding $202 million.
RWA Inc. pondered a 99.49% growth in 30 days, topping the list. VoluMint shot up by 351.96% this month. RefundYourSOL suffered losses in each contention. In the short run, the Solidus AI Tech looked pretty stable, but it is preparing for some long-term trouble.
Investor sentiment is seen to be neutral, as shown by the Fear and Greed Index, and it has been static at 55. The Altcoin Season Index stands at 42, an indicator of the strong grip Bitcoin has on the market. This is a follow-through after $787.46 million exited the ETF on August 4, which also shows a bit of change in investor sentiment.
Also Read: U.S. Spot Bitcoin and ethereum ETFs Record $798M in Outflows
