Crypto Bloodbath: Bitcoin Plunges to $105K as Ethereum, XRP, and Solana Shed 3% (June 17 Market Report)

Crypto markets got a cold shower today as Bitcoin nosedived to $105K—proving once again that even ''digital gold'' tarnishes in a bear raid.

Altcoins followed suit: Ethereum, XRP, and Solana all bled out 3% as traders scrambled for exits. Classic crypto volatility—where ''hedge against inflation'' meets ''pray for a rebound''.

Meanwhile, Wall Street bankers sip lattes and whisper ''we told you so''—right before quietly rebalancing their own BTC ETFs.

Bitcoin Price Dips to $105K

Bitcoin surged as high as $108,835 earlier today, with it steadily declining now, ahead of the U.S. trading session. Today’s decline is attributed to increasing geopolitical tension due to Israel-Iran conflicts as well as the broader market sell-off. 

At the time of writing, bitcoin is trading near $105,746—down with a decent decline of 0.91% in the past 24 hours. However, the 24-hour trading volume for Bitcoin has surged over 22% to $52.91 billion—as per CoinMarketCap data. 

The ethereum (ETH) price has declined to $2,550 as it takes a sharp 3% drop from the daily high of $2,672 to as low as $2,533—as per market data. The current market trajectory has pulled back ETH, which was on a prime run, surging over 40% since the past month. 

Similarly, the xrp price is also seeing a downtrend today as the much-anticipated ruling on the Ripple-SEC lawsuit deadline on June 16 is delayed until August. Those who purchased XRP on this catalyst are now offloading their holdings amid market uncertainty. On a more losing hand, Solana (SOL) price has also declined 3.43% despite positive market sentiment set by the recent spot Solana ETF filings. 

Trending Crypto Today

• BTC (Bitcoin)
• ETH (Ethereum)
• AB (AB)
• XRP (XRP)
• LA (Lagrange)

Top Gainers and Losers Today

Crypto Market Cap Overview

As per CoinMarketCap data, the global crypto market capitalization today sits at $3.29 trillion, amassing a 24-hour trading volume of $130.31 billion. The broader crypto market has lost over $100 billion today in a stiff sell-off. 

Also read: Ethereum Open Interest Nears $40B; Will ETH price Catch Up?