Despite Bitcoin holding firm near the $118,000 mark, the broader crypto market is showing signs of stress.
Several major altcoins have posted significant losses over the past 24 hours, led by Curve DAO Token (CRV), which saw a steep 9.94% drop. Traders appear to be taking profits after recent rallies, while some tokens struggle with liquidity and investor confidence.
Here are the top 5 crypto losers today:
Curve DAO Token (CRV)
CRV leads the decline with a 24-hour drop of 9.94%, bringing its price to $0.9520. This correction comes after a strong 7-day rally of over 50%, suggesting a cooling-off period. Still, its market cap remains above $1.29 billion, with heavy 24-hour trading volume near $493 million.
Fartcoin (FARTCOIN)
Fartcoin continues to face downside pressure, sliding 7.90% in the past day to $1.34. Despite the pullback, it is still up over 7% on the week. The token’s market cap has surpassed $1.34 billion, but a drop in momentum hints at caution among short-term holders.
Sonic (S)
Sonic dropped 7.56% in 24 hours to $0.3749. With over $151 million traded, this decline may reflect waning interest after a modest weekly gain of 4.56%. Its total market cap sits just over $1.07 billion.
Sui (SUI)
Sui shed 6.96%, now trading at $3.75, even though it’s still up more than 9% over the last week. With daily volume surpassing $2 billion, SUI’s large moves indicate heightened volatility in the layer-1 space.
Litecoin (LTC)
Litecoin saw a 6.32% loss, with its price now at $101.88. While it’s gained 9.50% over the past week, today’s drop reflects a broader market cooling off. LTC remains a high-volume asset, with over $1.42 billion traded in the last 24 hours.
Market Sentiment Cooling Off?
These corrections come amid Bitcoin’s consolidation around $118K, suggesting that capital rotation or profit-taking may be underway. While weekly gains are still intact for many assets, short-term pressure could intensify if BTC fails to break higher in the coming days.
Source: https://coindoo.com/top-5-crypto-losers-today-as-bitcoin-holds-near-118k/