Bitcoin Drops Below $95K as Solana, XRP and Dogecoin Keep Falling – Decrypt

Crypto markets are in the red on Tuesday as Bitcoin dipped below $95,000 to hit its lowest price in weeks, while other major assets like Solana, Dogecoin, XRP, and BNB are leading losses among the top 10 coins.

Bitcoin is currently priced at $94,202, and while the 1.5% daily drop and more than 2% weekly dip aren’t massive swings, it does mark the lowest price seen for the coin since February 3, per data from CoinGecko.

BTC’s modest decline comes as other major coins are falling much harder—notably Solana, the chain behind the controversial launch of the LIBRA meme coin, which Argentine President Javier Milei promoted on X (formerly Twitter) last Friday.

LIBRA plunged by nearly 90% after skyrocketing in value, at which point Milei deleted his promotional tweet and claimed that he knew little about the project. The launch has turned into a massive scandal beyond just the crypto world, with Milei hit with fraud charges over the weekend as Argentina’s stock market plunged on Monday.

Amid the negative headlines, Solana’s own SOL token has taken a major hit, plunging more than 9% over the last day and over 18% in the last week. It’s by far the biggest loser in the top 10 coins by market cap across both time windows.

Elsewhere in the top 10, Cardano is down 7% in the last day, while XRP, Dogecoin, and Binance Coin (BNB) have each fallen by about 6% during that span. Ethereum is down almost 5% over the last day.

Looking across the top 100 coins, the two biggest losers over the last day are coins tied to Solana decentralized exchanges Jupiter (JUP) and Raydium (RAY), which are down 17% and 15% respectively.