Crypto Market Extends Losses as Bitcoin Stays Below $61,000 and Ethereum Drops 4.7%

Crypto Market Extends Losses as Bitcoin Stays Below $61,000 and Ethereum Drops 4.7%

N
News Editor 01
2026-07-23 05:40:14
The crypto market stayed under pressure over the past 24 hours, with Bitcoin at $60,251.21 and Ethereum down 4.7% to $1,571.40. XRP, Solana, BNB, TRON, HYPE, and DOGE also fell, while MiL.k, Infinity Ground, and Heima posted sharp gains.
BitcoinEthereumCrypto MarketAltcoinsPrice Action

The cryptocurrency market moved lower over the past 24 hours, with major tokens extending their losses. Bitcoin (BTC) remained below $61,000 and traded at $60,251.21, down 2.2% on the day. Ethereum (ETH) posted the steepest decline among the largest digital assets, falling 4.7% to $1,571.40. XRP, Solana (SOL), BNB, TRON (TRX), Hyperliquid (HYPE), and Dogecoin (DOGE) also finished in the red, pointing to continued weakness across the broader market.

Bitcoin kept its position as the market’s largest asset, with $45.99 billion in daily trading volume and a market capitalization of $1.21 trillion. Ethereum generated $16.62 billion in 24-hour volume while holding a market value of $189.53 billion. XRP changed hands at $1.05, down 3.7%, with daily volume of $2.51 billion and a market capitalization of $65 billion. BNB slipped 0.9% to $564.67, while its daily trading volume reached $1.03 billion.

Large-cap tokens stay under pressure

Solana fell 1.4% to $70.31 after recording $4.15 billion in daily trading activity. TRON dropped 1.9% to $0.3223, with volume at $686.59 million. Hyperliquid lost 1.0% to trade at $63.44, while Dogecoin declined 3.0% to $0.07477. Trading activity remained steady in several of these assets, but prices continued to trend lower.

MiL.k, Infinity Ground, and Heima break higher

Smaller tokens outperformed despite the market-wide sell-off. MiL.k (MLK) led the day’s gainers after rising 58.1% to $0.05282, backed by $25.35 million in trading volume. Infinity Ground (AIN) followed with a 56.8% increase to $0.1092 and processed $4.41 million in volume. Heima (HEI) climbed 42.3% to $0.1771 and generated nearly $98.72 million in daily trading activity.

Other strong performers included Gravity (G), which advanced 39.4% to $0.004187 on volume of $85.67 million. MEET48 (IDOL) gained 35.8% to $0.02616, while Ocean Protocol (OCEAN) rose 34.2% to $0.1224. Audiera (BEAT) added 30.5% to reach $2.36 with $48.67 million in trading activity. Magma Finance (MAGMA) completed the list, rising 28.5% to $0.5336 and posting $5.57 million in daily volume.

The latest session showed selling pressure remained concentrated in large-cap cryptocurrencies, while selected smaller tokens attracted buying interest and moved against the broader market trend.

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