Bitcoin's Price Drops Below $71,000 as Traders Prepare for Further Declines – XRP Suffered the Most

Bitcoin Price Decline: Bitcoin's price has dropped 7.4% in the last 24 hours, falling below $71,000, with predictions indicating it may fall below $70,000 this month as retail sentiment worsens.

Market Value Drop: The total cryptocurrency market value has decreased to below $2.5 trillion, marking a 6.2% decline in the past day, with significant sell-offs leading to a loss of nearly $770 million.

XRP and Other Altcoins Performance: XRP experienced a nearly 10% drop in price, making it the hardest hit among the top 10 cryptocurrencies, while other altcoins like Solana and Ethereum also saw declines of 8.1% and 7.9%, respectively.

Retail Sentiment Trends: Retail sentiment for various cryptocurrencies has shifted, with XRP and Solana moving to a 'neutral' stance, while Ethereum remains in a 'bearish' zone, reflecting overall market uncertainty.