Crypto Market Woes Persist as Ether, XRP Drop 5%; APT Surges 10% on Aptos ETF Registration in Delaware.

Crypto Market Slides as Nvidia Earnings Disappoint; APT and LTC Buck the Trend

The cryptocurrency market extended its downturn, mirroring losses in U.S. equities after Nvidia’s latest earnings report fell short of investor expectations, fueling risk aversion.

Ethereum (ETH) tumbled 7% in the past 24 hours, continuing its multi-day slide, while Bitcoin (BTC) fluctuated between $89,000 and $82,500 during U.S. trading hours on Wednesday. A slight recovery in early Asian trading pushed BTC back above $86,000, but overall market sentiment remained weak. The CoinDesk 20 (CD20) index, which tracks a basket of leading digital assets, declined over 3%.

Among major altcoins, XRP, BNB (BNB Chain), Cardano (ADA), and Dogecoin (DOGE) fell by as much as 4%, with futures traders seeing over $600 million in liquidations on bullish bets.

However, Litecoin (LTC) and Aptos (APT) stood out as rare gainers, each surging more than 10%. APT’s price spike followed the registration of a “BITWISE APTOS ETF” in Delaware, while speculation surrounding a potential Litecoin ETF fueled LTC’s momentum.

Despite LTC’s rally, analysts remain skeptical about its long-term strength.

“Institutional investors are unlikely to hold long-term conviction in Litecoin, given its lack of yield, utility, or organic demand beyond ETF speculation,” noted Ben Yorke, VP of Ecosystem at WOO, in a message to CoinDesk.

“If an ETF approval happens, it would likely trigger a ‘sell the news’ event, as traders rotate into emerging narratives,” Yorke added.

Economic Pressures Weigh on Crypto

Macroeconomic factors continued to add pressure to the market. A New York Fed study revealed that President Donald Trump’s recent tariffs on Chinese imports have had a greater-than-expected economic impact, with discrepancies emerging in reported U.S.-China trade data.

Will Bitcoin Find a Bottom?

Market participants are now looking for macroeconomic signals that could support a Bitcoin recovery. However, analysts warn of further downside risks.

“The Federal Reserve remains sidelined as persistent inflation limits the potential for rate cuts,” said Chris Yu, Co-Founder and CEO of SignalPlus, in a statement to CoinDesk.

“The U.S. administration’s aggressive stance on geopolitical tensions will continue to weigh on risk assets, while crypto-friendly policies may take time to translate into actionable regulations. Meanwhile, declining BTC volatility alongside falling prices suggests that speculative traders are stepping away,” Yu explained.

With Bitcoin hovering at a key support zone and uncertainty looming, traders remain watchful for signals that could dictate the next big market move.