Crypto Sell-Off Continues with Ether, XRP Down 5%; APT Climbs 10% on Delaware Aptos ETF Registration.

Crypto Market Plunges as Nvidia Earnings Disappoint; APT Surges on ETF Filing

The cryptocurrency market extended its downturn as underwhelming earnings from Nvidia triggered a broader risk-off sentiment across both digital assets and U.S. equities.

Ethereum (ETH) tumbled 7% in the past 24 hours, continuing its multi-day decline, while Bitcoin (BTC) fluctuated between $89,000 and $82,500 before rebounding to $86,000 in early Asian trading. The broader CoinDesk 20 (CD20) index fell more than 3%, reflecting ongoing weakness in the sector.

Altcoins Take a Hit, but APT Defies the Trend

Several major altcoins, including XRP, BNB, Cardano (ADA), and Dogecoin (DOGE), saw losses of up to 4%, contributing to over $600 million in liquidations from leveraged long positions.

Despite the downturn, Litecoin (LTC) and Aptos (APT) bucked the trend, each gaining more than 10%. APT’s surge came after the registration of a “BITWISE APTOS ETF” in Delaware, fueling speculation about future institutional interest. Meanwhile, rumors surrounding a potential Litecoin ETF helped drive demand for LTC.

However, analysts remain skeptical about Litecoin’s long-term potential.

“Institutional investors may struggle to justify Litecoin as a long-term hold given its lack of utility and yield,” said Ben Yorke, VP of Ecosystem at WOO, in a message to CoinDesk.

“If an ETF approval happens, it’s more likely to trigger profit-taking rather than a sustained rally,” Yorke added.

Economic Uncertainty Weighs on Market Sentiment

Macroeconomic concerns also loomed over crypto markets. A recent New York Fed report indicated that President Donald Trump’s new tariffs on Chinese imports could have a larger-than-expected impact on the U.S. economy, with discrepancies emerging in reported trade data between both nations.

Bitcoin’s Next Move Hinges on Macro Factors

Investors are closely watching for catalysts that could support a Bitcoin rebound, but macroeconomic headwinds remain a challenge.

“The Fed isn’t likely to cut rates aggressively given ongoing inflation concerns, and the U.S. administration’s policies continue to add uncertainty,” said Chris Yu, Co-Founder and CEO of SignalPlus, in a Telegram message to CoinDesk.

“With BTC volatility declining alongside price drops, traders appear to be stepping away from riskier bets,” Yu added.

For now, Bitcoin is hovering near a key support level, with traders awaiting fresh momentum to determine its next direction.