Altcoins Tumble to 2024 Lows as Crypto Market Bleeds Red
As of January 30, 2026, major altcoins including Dogecoin (DOGE), XRP, and Cardano (ADA) have plummeted to their lowest price levels since 2024, suffering deeper losses than Bitcoin during a broad market sell-off.
Market Performance Snapshot
The downturn has been characterized by "bleeding red" across nearly every major asset as altcoins fail to hold key support levels.
Dogecoin (DOGE): Trading at approximately $0.115, representing a sharp decline from its 2025 peaks.
XRP: Hit a local low of $1.79, a significant drop considering it traded above $2.00 earlier in the month.
Cardano (ADA): Slumped to roughly $0.33, continuing a period of modest growth compared to its peers.
Bitcoin (BTC): While also down (trading near $83,781), it has shown relatively more resilience, testing "local lows" rather than multi-year supports.
Primary Drivers of the Fall
Analysts attribute this "liquidity bloodbath" to a combination of macroeconomic and geopolitical factors:
Federal Reserve Stance: The US central bank recently kept interest rates unchanged in the 3.50%–3.75% range, with officials failing to provide a clear timeline for future cuts, keeping risk assets uneven.
Geopolitical Tensions: Escalating trade tensions and the imposition of new tariffs by the U.S. administration have sparked fears of a prolonged trade war, driving investors toward "safe havens" like gold.
ETF Outflows: Significant capital has exited the market, with over $800 million in long positions liquidated in a single day as spot ETF products saw net redemptions.
Market Sentiment: The Crypto Fear and Greed Index has dipped into the "fear" zone, reflecting a cautious "wait-and-see" approach from both retail and institutional investors.
