Bitcoin Slips to $62,590 as Major Cryptos Decline While Smaller Tokens Surge

Bitcoin Slips to $62,590 as Major Cryptos Decline While Smaller Tokens Surge

N
News Editor 01
2026-07-23 21:35:14
Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Hyperliquid traded lower in the latest session, while smaller tokens including RIZE, BEAT, and SLX posted outsized gains.
BitcoinEthereumXRPSolanaCrypto Market

Bitcoin and most major cryptocurrencies stayed under pressure in the latest trading session, extending the market's decline. BTC fell to $62,590.28, down 0.5% over 24 hours. Ethereum dropped to $1,671.06, XRP slipped to $1.10, and several large-cap tokens also moved lower. Even with prices weakening, trading activity remained heavy across the market.

Bitcoin and Ethereum post losses with strong turnover

Bitcoin, the largest digital asset by market value, generated more than $28.9 billion in daily volume while its market capitalization stood near $1.25 trillion. The price move was modest, but participation stayed high. Ethereum recorded a steeper daily loss of 1.0%, with trading volume above $10.2 billion. Its market capitalization remained above $201 billion.

XRP declined 1.3% to $1.10, backed by more than $1.36 billion in daily trading volume and a market capitalization of $68.19 billion. BNB also traded lower, falling 0.7% to $576.75, while turnover exceeded $617 million. Price action weakened across the large-cap segment. Volume did not.

Solana, Dogecoin, and Hyperliquid extend the pullback

Solana fell 1.1% to $69.48 as daily trading activity topped $2.05 billion. Its market capitalization held above $40.34 billion, keeping it among the market's largest assets. TRON also moved lower, sliding 0.9% to $0.3287 with volume above $434 million.

Hyperliquid posted one of the sharper declines among major tokens, dropping 3.2% to $62.02. The token still generated nearly $699 million in daily volume. Dogecoin lost 1.6% and traded at $0.07887, with volume above $551 million. Selling pressure stayed visible in the majors, while traders continued rotating through active names.

Smaller tokens jump as RIZE leads gainers

Outside the large-cap group, several smaller assets posted strong advances. RIZE surged 89.2% to $0.01516, making it the top gainer in the session. Audiera (BEAT) rose 57.8% to $2.67. Main Street USD (MSUSD) climbed 52.9%, Solstice (SLX) added 40.0%, and Gravity (G) gained 29.4%.

The session showed a split market. Bitcoin, Ethereum, XRP, Solana, and other widely followed assets traded lower, while selective buying pushed several smaller-cap tokens sharply higher. Broad weakness in the majors and strong moves in a handful of smaller names unfolded at the same time.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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