On Tuesday, Dec. 10, the cryptocurrency market experienced a broad correction as XRP and Cardano (ADA) posted double-digit weekly losses. According to CoinGecko, XRP fell 14% over the past seven days, briefly hitting $2.14 — nearly 20% below its Monday peak of $2.61. ADA led the top ten coins with a 19% decline, briefly dipping below $1. Bitcoin (BTC) also dropped to $94,000, posting a weekly loss of just under 3%. The volatility triggered over $1.5 billion in total liquidations of long and short positions.
XRP and ADA Lead Losses Among Top Ten
Despite strong performance earlier in December, XRP reversed sharply. At press time, it traded around $2.23, 6% below its 24-hour high. ADA was 19% below its Dec. 3 value of $1.28. Besides XRP and ADA, Solana (SOL) and Dogecoin (DOGE) were the only other top-ten coins with negative weekly gains, though not in double digits.
Divergence Among Major Coins
While most top coins suffered, some bucked the trend. Binance Coin (BNB) led with a 8% weekly gain, followed by Ethereum (ETH) which broke above $4,000 on Dec. 6 and gained 4.3%. Lido Staked Ether (sETH) rose 4.2%, and BTC managed a 2.6% gain. The divergence highlights capital rotation from riskier assets to established tokens.
Small-Cap Tokens See Extreme Moves
Small-cap tokens experienced wild swings. Quantum Resistant Ledger (QRL) surged approximately 150% on Dec. 10. Meme coin Koma Inu gained nearly 140%, while GRIFFIN rose 122%. On the downside, Comedian (BAN) plunged 28%, and HUMAN Protocol shed 23%. These moves reflect highly volatile market sentiment and rapid capital flows.