Crypto Bloodbath Continues: Bitcoin Price Down 12% YTD Below $78,000; ETH Slides Over 3% as Altcoins Bleed

Mirroring the sharp crash in the Commodity market, the cryptocurrency prices are under sharp corrective mode. Bitcoin's performance in 2026 so far shows a year-to-date (YTD) decline of approximately 11-12%, with the price dropping from around $87,639 at the start of the year.

"BTC fell sharply due to a combination of thin weekend liquidity, heightened geopolitical risk, and excessive leverage in the market. Risk sentiment deteriorated after reports of an explosion at Iran's Bandar Abbas port, pushing investors away from risk assets. As BTC slipped below the $80K psychological and technical level, heavy leveraged long positions were forced to unwind, triggering a rapid liquidation cascade. Nearly $1B in long positions were wiped out in minutes, accelerating the decline in illiquid conditions" According to CoinSwitch Analysis

Bitcoin Price Today

Bitcoin price today was around $77,861.15, registering a 0.56% decline in the last 24 hours. On a broader timeframe, Bitcoin has fallen 11.82% over the past seven days and 14.07% over the last month.

"Recent outflows of over $1.4 billion from Bitcoin ETFs added to selling pressure, while the weekend volatility triggered nearly $2.6 billion in liquidations, effectively clearing excessive leverage from the system.As U.S. markets open, momentum could pick up. Currently near $76,600, BTC faces resistance at $85,500, with a decisive break opening the path toward $90,000." said Akshat Siddhant, Lead quant analyst, Mudrex.

Ethereum Price Today

Ethereum underperformed Bitcoin, sliding 3.12% to trade at $2,306.28. Ethereum has seen sharper corrections, dropping 21.25% weekly and 26.23% over the past 30 days.

Altcoins Extend Losses

Most major altcoins mirrored the broader market weakness:
BNB slipped 0.06% to $764.81, down nearly 13% weekly.
XRP rose marginally 0.64% intraday to $1.64, but remains down 13.77% in a week.
Solana declined 1.41% to $102.99, extending its weekly loss to over 17%.
TRON showed relative resilience, falling just 1.03% with limited weekly losses compared to peers.
Dogecoin traded at $0.1060, down 13.38% weekly and nearly 26% monthly,
WhiteBIT Coin (WBT) stood out, gaining 4.52% intraday, though still lower on weekly and monthly charts.

"Amid the bearish clouds, MYX Finance and Decred lead the top gainers with 16.21% and 11.48% jumps, followed by World Liberty Financial and Canton with more than 5.7% rises each. Besides, Monero plunges by more than 10.61%, followed by Kaspa and Ethereum by more than 6%, followed by Bitget Token, Nexo, Chainlink, and Mantle by more than 4% each." as per CoinDCX research team

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