Bitcoin falls to $74, dragging down Ethereum, XRP, and Solana.

Portalcripto2026/05/24 06:30

By:Portalcripto

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Bitcoin loses support and falls back to $74.
Ethereum falls to $2 amid selling pressure.
Cryptocurrency market wipes out $100 billion.

The cryptocurrency market faced another day of intense pressure after Bitcoin lost support in the $78 range, extending losses recorded throughout the week. The largest cryptocurrency in the market reached $74.200, renewing its lowest level in over a month and increasing tension among investors.

At the time of publication, Bitcoin was trading near $75.423, accumulating a daily drop of 1,71%. Ethereum was trading at $2.059, while BNB was quoted at $646. XRP was attempting to maintain stability in the region of $1,34.

The recent surge driven by the advancement of the CLARITY Act quickly lost momentum after BTC encountered resistance near $82. This move marked the second significant rejection at that level in just a few days, initiating a series of sell-offs that drove down the asset's price by approximately $8 in less than ten days.

After closing the previous week near $79, Bitcoin lost momentum over the weekend and began the new trading session below $78. The attempted recovery seen between Tuesday and Wednesday did not hold, as sellers regained control of the market.

In the early hours of Saturday morning, BTC accelerated its losses, initially plunging to $75 before reaching $74.200. This move pushed Bitcoin's market capitalization below $1,5 trillion, while its dominance over the cryptocurrency market fell to 58%.

The drop also hit major altcoins hard. Solana was down to $84,02 at the time of publication, registering a 3,14% decline in the last 24 hours. Dogecoin was trading at $0,10, while Hyperliquid was trading near $56,67 after losses exceeding 4%.

Other cryptocurrencies also registered significant declines during the trading session, including Cardano, Chainlink, Sui, and Bitcoin Cash. In some cases, the drops exceeded the negative performance of Bitcoin itself. Meanwhile, TRX was trading in the range of US$0,36, with a moderate decline of 0,60%.

With the latest downward movement, the total value of the cryptocurrency market has lost approximately US$100 billion since Thursday. The combined market capitalization of the sector has fallen to around US$2,57 trillion, amplifying the cautious mood among traders and short-term investors.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget•2026/09/21 06:38