Bitcoin Price Falls as Trump–Zelenskyy Discussions Fuel Market Turmoil: Market Watch

Following a generally quiet weekend, during which Bitcoin (BTC) remained within the $117,500 zone, the market's top cryptocurrency plummeted sharply on Monday morning, reaching an 11-day low of $115,000.

The altcoin sector reflected BTC's drop as investors prepare for possible volatility, with global focus centered on today's high-pressure encounter between Donald Trump and Volodymyr Zelenskyy about a potential Ukraine–Russia peace agreement.

BTC Falls to $115K

The previous week started on a positive note, and a bullish push saw Bitcoin rise from $118,000 to well above $122,000 on Monday. By Thursday morning, BTC even recorded a new all-time high of over $124,500.

Though the spike was brief. A hotter-than-anticipated US PPI release prompted a sudden correction, lowering prices to $121,000 and then $118,000. The subsequent days witnessed dull action, even when Trump's negotiations with Vladimir Putin did not produce a breakthrough on the still ongoing war.

Over the weekend, BTC remained tightly consolidated between $117,000 and $118,000, demonstrating strength. But in advance of today's Trump–Zelenskyy summit, the market went risk-off, dropping BTC to $115,000. Although the level has held up so far, Bitcoin is still over 2% lower on the day, having seen its market cap decline to $2.3 trillion. Meanwhile, its dominance of altcoins is hovering around 58%, as per CoinGecko (CG).

Altcoins Retreat

All altcoins trailed BTC into the red. Ethereum (ETH) dipped below $4,300 after losing 4.5% for the day. XRP declined below the important $3.00 support level after an equal drop. Other significant losers are Solana (SOL), HYPE, Stellar (XLM), Sui (SUI), Ethena (ENA), Pepe (PEPE), Aave (AAVE), Mantle (MNT), NEAR Protocol (NEAR), and Ondo (ONDO) — all of which experienced deeper losses.

Conversely, Chainlink (LINK) and Monero (XMR) did get small upticks in the same period.

Together, the crypto market cap has lost more than $100 billion in the past 24 hours, currently standing at $3.96 trillion on CG.

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