Crypto Bloodbath: Bitcoin Takes the Lightest Hit, Solana Crashes to October Lows

It's an absolute bloodbath in the crypto market today. A widespread sell-off has wiped out over 6% of total market value, with some of the biggest altcoins tumbling even further.

Crypto markets suffered a bloodbath on Monday, with a widespread sell-off wiping out over 6% of total market value and some of the biggest altcoins tumbling even further.

Bitcoin took a relatively light hit, sliding just over 2% to $93,417 at the time of writing. It came dangerously close to $93,000 earlier before finding mild support and bouncing slightly.

However, Ethereum tanked nearly 8%, now trading at $2,584. It’s been a rollercoaster ride since $1.4 billion was drained from Bybit last Friday, sparking fears of further exchange-related risks.

Solana is by far the worst performer in the top 10, crashing 12% in the last 24 hours and a brutal 19% on the week, now sitting below $147.

The broader Solana ecosystem is feeling the heat, as declining meme coin interest compounds the issues.

Meanwhile, other top altcoins are also bleeding out:

* XRP down 7% to $0.84

* BNB down 6% to $606

* ADA down 5% to $1.16

* DOT down 5% to $28.03

* SHIB down 10% to $0.00003

* MATIC down 7% to $1.83

* UNI down 6% to $24.60

* LINK down 5% to $21.07

* ATOM down 5% to $33.08

* XMR down 6% to $243

* LEO down 7% to $6.60

* TRX down 8% to $0.08

* ETC down 10% to $42.03

* XTZ down 6% to $4.63

* LUNA down 5% to $106.90

* VET down 7% to $0.08

* FIL down 8% to $24.16

* HNT down 10% to $31.86

* CRV down 6% to $5.66

* SUSHI down 7% to $11.18

* AAVE down 5% to $284.08

* FTT down 6% to $243.90

* OKB down 7% to $36.08

* HT down 8% to $14.18

* XEC down 10% to $52.88

* RUNE down 7% to $11.60

* KSM down 5% to $446.80

* NEAR down 6% to $16.80

* HBAR down 8% to $0.29

* ICP down 10% to $38.88

* EOS down 7% to $3.28

* XLM down 6% to $0.36

* ALGO down 5% to $0.96

* MANA down 7% to $3.08

* SAND down 8% to $6.08

* ENJ down 10% to $2.86

* RNDR down 7% to $5.18

* AXS down 6% to $119.80

* GRT down 5% to $1.18

* THETA down 7% to $4.83

* FLOW down 8% to $12.60

* QNT down 10% to $262.80

* XTZ down 6% to $4.63

* KLAY down 7% to $1.18

* CHZ down 8% to $0.36

* NEXO down 10% to $2.28

* BAL down 7% to $21.07

* YFI down 6% to $21,070

* COMP down 5% to $322.80

* SRMDown 7% to $0.00

* MKR down 8% to $2,063

* LRC down 10% to $2.08

* HOKK down 7% to $0.00

* IMX down 6% to $0.99

* OP down 5% to $2.66

* SRM down 7% to $0.00

* XCN down