Bitcoin took the first hit, then the rest followed.
In the past 12 hours, BTC was rejected at $64,000 and dropped to just under $61,000, according to Crypto Potato. The outlet links the selloff to escalating Middle East tensions after reports that Iran took down a US helicopter. The US president’s statement, as described by Crypto Potato, framed a need to respond. That geopolitical pressure spilled into crypto and “also on Wall Street,” per Crypto Potato.
BTC re-tests $61,000 after failing to hold $64,000
Crypto Potato’s timeline is ugly and specific. It says BTC entered the prior business week at $73,000, then lost support in steps. It dropped below $70,000, $65,000, and $62,000. It then pushed toward $60,000 and briefly fell under it to mark a 19-month low at $59,100. The rebound was fast enough to reclaim $60,000 by day’s end, then trade higher on the weekend. It later spiked to $64,000 twice early in the current business week.
But the new trigger did not wait for technicals. After the helicopter report, Crypto Potato says BTC quickly dumped to just under $61,000 and is now trying to reclaim that level.
Crypto Potato also reports market-share changes along with the price action. It puts BTC’s market cap at $1.225 trillion. It also says BTC dominance over altcoins fell to 56%, a reminder that risk appetite is currently constrained across the board, not just in BTC.
Altcoins take a sharper cut
Crypto Potato says most altcoins fell harder than BTC during the move.
Ethereum is down more than 3% toward $1,600, according to Crypto Potato. BNB dropped to $585 after a similar decline. DOGE slipped to $0.084.
Then the market moved into “heavier beta” territory. Crypto Potato reports XRP down over 5% and testing a key support level again. It also says SOL is “well below $65,” while ADA keeps dropping to $0.16.
Smaller names got hit even more. Crypto Potato flags double-digit declines for HYPE and ZEC, with HYPE around $56 and ZEC around $425 after the drops. It also lists SIREN at -37%, LAB at -16%, and DEXE at -15% over the past 24 hours, alongside BEAT (+28%), WBT (+13%), and STABLE (+12%) as the outliers.
Market-wide damage metric
Crypto Potato puts the aggregate blow in plain numbers. It says the total crypto market cap erased over $60 billion in a day and sits below $2.2 trillion on CG.
Here are the headline moves Crypto Potato cited:
| Asset | Move (as reported) | Reference level |
|---|---|---|
| BTC | Rejected at $64,000 and fell to just under $61,000 | Fighting to reclaim $61,000 |
| ETH | Down over 3% | Toward $1,600 |
| XRP | Down over 5% | Testing support |
| SOL | Dropped more than 5% | Well below $65 |
| ADA | Dropped again | Down to $0.16 |
| HYPE | Double-digit decline | Around $56 |
| ZEC | Double-digit decline | Around $425 |
What to watch next
Crypto Potato’s core point is that this isn’t an idiosyncratic altcoin story. The desk of record is reacting to the BTC move, then watching dominance slip as capital rotates within the broader “risk down” mood.
Practically, the next checkpoint is whether BTC can reclaim $61,000. Crypto Potato frames that as the immediate technical fight, after the market-wide pressure from geopolitical tension. If BTC holds the level, you’d expect follow-through to at least slow the bleed in high-volatility assets like XRP, SOL, and ADA. If it fails again, Crypto Potato’s narrative suggests more broad red could arrive quickly, especially for tokens already showing double-digit drawdowns.