The cryptocurrency market plummeted after the Trump-Putin meeting and a new threat aimed at Dogecoin caused the price of Bitcoin and major Altcoins to drop sharply over the past 24 hours.
This development indicates that the price increase of Bitcoin is stagnating, while Altcoins and the entire market continue to face negative pressure after geopolitical fluctuations and warnings about blockchain security risks.
MAIN CONTENT
The cryptocurrency market collectively dropped sharply after political tensions and security threats.
Bitcoin and many major Altcoins lost value, with total market capitalization dropping nearly 2% to 3.86 trillion USD.
The risk-averse sentiment is increasing, highlighted by warnings from CEOs and major financial organizations about the risk of bubbles and blockchain attacks.
How did the cryptocurrency market react after the Trump-Putin meeting?
After the Trump-Putin summit held in Alaska, the cryptocurrency market recorded a clear plunge, as investors appeared cautious before global instability.
Market developments always immediately reflect the impact of major political events on a global scale. Capital flows easily shift when investors perceive increased risk.
Bloomberg, 2025
The reaction after the conference caused the total cryptocurrency market capitalization (TOTAL) to drop nearly 2%, leaving about 3.86 trillion USD. This decline has erased much of the price increase over the past week. TradingView charts confirm a widespread correction trend, with increasing selling pressure in both Bitcoin and major Altcoins.
From a technical perspective, the negative developments do not indicate a collapse but clearly reflect a wait-and-see and cautious sentiment. Investors are starting to lower their expectations, leading to the possibility that the market will extend its corrective state in the short term.
What notable developments are there in Bitcoin's price?
Bitcoin decreased by 1.54% to 115,676 USD, the RSI index fell below the neutral zone while the MACD of BTC began to shift to a bearish signal. This is the first sign indicating unstable sentiment among key investors.
The simultaneous weakening of major technical indicators such as RSI and MACD often signals a short-term correction phase or the market shifting to a defensive state.
TradingView analyst's insights, 2025
Not only decreasing in price, Bitcoin also recorded a market color turning deep red on short-term and medium-term charts. In the context of uncertain factors, the market seems to be dominated by a precautionary sentiment, limiting risk.
Although it has not yet caused a major shock, this development indicates that the upward momentum has weakened and technical indicators signal the risk of continued correction in the near future.
How are major Altcoins affected?
The major Altcoin group reflects a sharp declining trend, as most large tokens witnessed significant price drops in the past 24 hours, especially under pressure from Bitcoin.
The fact that Altcoins decline more sharply than the overall market often occurs when speculative sentiment cools, and investors prioritize withdrawing funds from riskier assets.
CoinGecko report, Q2 2025
Solana led the decline with a negative 5.64%, followed by Cardano and XRP, which lost over 5% and 4% respectively. Dogecoin and Binance Coin fell by 4.13% and 3.04% respectively. Ethereum maintained a slight decline of 0.28% but recorded a prevailing negative sentiment.
The widespread weakness indicates that investment flows into Altcoins are sharply declining. The market is in a risk-off state, with buyers losing confidence and being cautious with highly volatile assets.
Is Qubic's threat to Dogecoin serious?
The Qubic community just voted to target Dogecoin, just days after this group executed a 51% attack on Monero. Qubic's leader, Sergey Ivancheglo, confirmed that Dogecoin is the priority choice.
A sufficiently strong network can execute a 51% attack, posing a significant risk to Proof of Work chains that do not have the necessary security level.
Sergey Ivancheglo, Founder of Qubic, 2025, quoted from X.com
Concerns mount as Proof of Work chains like Dogecoin increasingly become potential targets for organized attack groups. This warns of security vulnerabilities, affecting the overall sentiment for the entire Altcoin market based on this mechanism.
In addition to concerns from the Qubic attack, the investment community is becoming more cautious about the risk of Altcoin ecosystems being exploited for technical weaknesses, leading to sell-offs or domino effects in the market.
What is the current sentiment in the cryptocurrency market?
The current context is a mix of fears about new attacks, macroeconomic warnings, and a wave of investment into safer assets. Concerns are rising, and extreme forecasts about Bitcoin continue to be made by major figures.
Mike Novogratz – CEO of Galaxy Digital warns that a Bitcoin worth 1 million USD would not be a sign of success but a consequence of deep economic instability:
Those excited about the scenario of Bitcoin reaching 1 million USD next year need to understand that this will only happen if the domestic economic system falls into an extremely severe crisis.
Mike Novogratz, CEO of Galaxy Digital, 2025, quoted from X.com
He emphasized that financial stability must be prioritized over short-term joy from rising prices. The high federal debt remains a significant risk during the tenure of U.S. Treasury Secretary Scott Bessent:
Despite believing in Scott Bessent's determination, he still has not been able to control the public debt/GDP ratio. This is a key challenge for long-term economic security.
Mike Novogratz, CEO of Galaxy Digital, 2025, quoted from X.com
Additionally, Novogratz shared concerns about Bitcoin entering a bubble state as the influx of institutional capital rises too rapidly compared to the global economy's ability to adapt. Although this assessment is supported by many experts, this trend shows no signs of stopping in the short term.
Comparing the value decline of major Altcoins over the past 24 hours
Below is a comparison table of the decline rates of some major Altcoins in the last 24 hours, compared to Bitcoin's decline and the total market.
Asset Decline Rate (%) Bitcoin (BTC) 1.54 Solana (SOL) 5.64 Cardano (ADA) 5.1 XRP 4.0 Dogecoin (DOGE) 4.13 Binance Coin (BNB) 3.04 Ethereum (ETH) 0.28 Total market capitalization 1.96
The data table shows that Altcoins always lead in declines, demonstrating a risk-averse sentiment and prioritizing capital flows to Bitcoin or stable assets in a negative context.
Frequently asked questions
What caused Bitcoin's price drop?
Political events such as the Trump-Putin conference and global risk sentiment concerns have led investors to sell off, pushing Bitcoin's price down.
Which Altcoin was most affected in this decline?
Solana, Cardano, and XRP are the Altcoins with the sharpest declines, losing more than 4-5% of their value in just 24 hours.
What impact does the Qubic threat to Dogecoin have?
The warning about a 51% attack on Dogecoin shows that Altcoins using the Proof of Work mechanism are still very vulnerable to technologically strong attack groups.
What is the current investor sentiment?
Predominantly characterized by fear and risk aversion, capital flows out of risky Altcoins and towards safer assets.
Is Bitcoin at risk of entering a bubble?
According to the warning from Mike Novogratz – CEO of Galaxy Digital, Bitcoin currently faces the risk of entering a bubble state if institutional capital continues to increase rapidly.
How has the market capitalization value of the cryptocurrency market fluctuated?
Total market capitalization has decreased nearly 2% to 3.86 trillion USD, erasing much of the gains from the previous week.
Can Ethereum maintain a smaller decline than other coins?
Ethereum only decreased slightly by 0.28%, but the overall sentiment trend remains quite weak, reflecting a defensive state across the market.
Source: https://tintucbitcoin.com/qubic-nham-dogecoin-thi-truong-giam/
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