Dogecoin, XRP and Cardano Hit Lowest Prices Since 2024 as Altcoins Fall Harder Than Bitcoin

Market Overview - Major altcoins, including XRP and Dogecoin, are trading at their lowest levels since 2024 as Bitcoin continues to decline, falling below $84,000 [1] - Bitcoin has reached a two-month low, while some altcoins are experiencing prices not seen in over a year [1] Altcoin Performance - Dogecoin (DOGE) has decreased by 8% in the last 24 hours, currently priced at $0.115, which is 84% lower than its all-time high of $0.73 in 2021 [2] - XRP has dropped 7% in the last 24 hours, trading at $1.78, down more than 51% from its all-time high of $3.65 last year [3] - Other altcoins like Cardano (ADA), Stellar (XLM), Litecoin (LTC), and Hedera (HBAR) have also fallen by 5% or more, reaching their lowest marks since 2024 [4] Legislative Context - The decline in crypto prices coincides with developments regarding the CLARITY Act, a crypto market structure bill that passed a markup session in the Senate Agriculture Committee without Democratic support [4] - Senate Democrats are committed to passing the bill but express concerns that the current draft lacks essential provisions due to Republican and White House influences [5] Liquidation Trends - Liquidations in the crypto market have exceeded $1 billion in the last 24 hours, primarily affecting long positions, with nearly $920 million in long liquidations [6] - The price drops of Bitcoin and Ethereum, which fell by 6.3% and 7.7% respectively, are significant contributors to the liquidation events [6] Current Prices - Bitcoin is currently trading around $83,811, while Ethereum is priced at $2,788 [7]