XRP starts the week with a 10% decline

On Monday, negative sentiment swept through the cryptocurrency market. China’s DeepSeek announcement raised concerns about stricter regulations on cryptocurrencies, causing significant market fluctuations. Bitcoin fell below $100,000, and XRP dropped by up to 10%.

XRP traded at $2.8191, losing 10.01% according to the Investing.com Index. This decline marks the largest single-day drop since December 18, 2024.

As a result, XRP’s market capitalization decreased to $164.9373 billion. Its share of the total cryptocurrency market fell to 4.89%. The highest market cap for XRP was $190.3902 billion.

In the last 24 hours, XRP fluctuated between $2.8191 and $3.0183. Over the past week, it declined by 10.15%. The 24-hour trading volume reached $6.5910 billion, accounting for 5.32% of the total volume. During the last seven days, XRP traded between $2.8188 and $3.2815.

Currently, XRP is 16.97% lower than the $3.40 level recorded on January 16.

In other cryptocurrency market developments, Bitcoin saw a 5.77% decrease, trading at $98,888.7 on the Investing.com Index. Meanwhile, Ethereum dropped 7.74% to $3,082.83.

Bitcoin’s market cap is now $1.9602964 trillion, representing 58.08% of the total market cap. Ethereum’s market cap stands at $371.6230 billion, accounting for 11.01% of the total market.