Bitcoin Plunges to 21-Month Low, Dragging Ethereum, XRP, Dogecoin Down 2.7–4.6%

On Wednesday, Bitcoin fell to its lowest level in 21 months, according to CoinGecko data, as a broader sell-off in digital assets intensified. The leading cryptocurrency dropped to $59,217 before recovering to $60,700, marking a 2.7% decline over the past 24 hours and extending losses to a third consecutive day.

Major altcoins followed Bitcoin lower, with Ethereum falling 3.1% to $1,610, XRP declining 3.1% to $1.07—threatening to slip below $1 for the first time since Trump's 2024 reelection—and Dogecoin plunging 4.6% to 7.5 cents. Crypto stocks also tumbled, with Microstrategy dropping 9% and Coinbase falling 5%, as weakness in semiconductor and AI stocks compounded the downturn.