Litecoin crashed 12%, marking the highest dip since February 24, 2025. The coin is now trading at $119.29, nearly a 34% decline from its all-time high in 2021.
Litecoin’s price has shown a continuous decline over the last week, the coin’s price tilted between $106 and $131. The decline in price reduced the market cap to $8.76 billion, a massive downtrend from its highest value of $25.61 billion.
Not just Litecoin, but the entire crypto market is plummeted. Bitcoin whose price recently crossed the $100,000 milestone, is now trading at $78,000, a 23% down from the February beginning. However, Bitcoin retained its number one position in the market share, owning a $1.58 trillion market cap.
Ethereum holding the second position in market cap, with $256.59 billion, is also facing a decline in price. The coin’s price has dropped around 10%, now trading at $2,115.49.
Litecoin Strives Better
Though Litecoin’s price has declined, it is less compared to other prominent coins like Bitcoin and Ethereum. Litecoin even bounced back 20% after a price drop in February 2025. The coin has recovered from falling below key moving averages. If Litecoin gains momentum to reach a price of $133, it will mark the highest price since January 2022.
However, the price moves depend on whether the coin can strive past resistance levels and regain its growth, and in a scenario where breaking $140 is considered a hurdle, it is difficult to predict the price in the coming days.
Bitcoin And Other Altcoins Faces Rapid Sell-Offs
Following the meme coin scandals and Bybit hack, the crypto market is now in a consolidated phase, with a price decline on many coins.
Bitcoin’s price dipped to $78,000 while Ethereum fell below the $2,200 mark. Other altcoins like XRP and Solana also declined, ridding around 8% in value. Donald Trump’s new tariff on the EU, Canada, and Mexico, has fueled the global trade war rumors, leading to panic sell-offs.
The $700 million liquidations and a declined market capitalization of $2.7 trillion put investors in a dilemma about what will happen next. The bleeding crypto market and the rise in Nvidia stock capitalization make investors think of investing in traditional stocks rather than speculative assets like crypto.
Meme Coin Scandals Ignited Sell-Offs
Recently the crypto market has witnessed major scandals, including meme coins scams and the Bybit hack.
Bybit hack, one of the largest hacks in crypto history, has created a gap of $1.4 billion. North Korean hacking organization, Lazarus has stolen $1.4 billion worth of ETH from the Bybit platform, following the event many investors withdrew their assets, with which the company faced a liquidity issue.
Libra and Melania tokens, whose price soared due to popular endorsement right after the launch and declined massively after a while, creating a large loss for investors. Many believe there is an inner involvement behind this.
These scams and hacks have created uncertainty around the platform, many began selling off their crypto assets and invested in stocks, creating a massive decline in price. However, many analysts believe that these are common in crypto markets, and similar to the decline a price hike can also occur, shifting people’s sentiment towards crypto again.
