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– The value of altcoins has fallen significantly, with bitcoin slipping below the $84,000 mark on Thursday.

leaders among tokens like XRP and DOGE hit their lowest levels since 2024.

Other digital assets like Litecoin (LTC), Stellar (XLM), Cardano (ADA) and Hedera (HBAR) shared the same fate.

Some of the biggest altcoins, including Ripple-linked XRP and popular meme coin Dogecoin (DOGE), were trading at their lowest levels since 2024 on Thursday as bitcoin continues its decline.

the major crypto asset fell below $84,000 on a wave of general market declines that followed a sharp rise in precious metals quotes and the setting of a new high for gold at above $5,600 an ounce. Bitcoin hit a two-month low on Thursday, while some altcoins fell to values not seen in more than a year.

DOGE has lost 8% in the past 24 hours and recently traded at $0.115. That’s 84% below its 2021 peak of $0.73. The last time the token traded at this level was in October 2024, about a month before President Donald Trump’s re-election, which caused a stir on the crypto markets.

XRP, for its part, fell 7% in 24 hours and was recently quoted at $1.78. The token, associated with the financial organization Ripple, set a new record last year at $3.65 after a seven-year lull. Since then, however, the token has been on a downward trend following the rest of the market, losing more than 51% .

Other notable high-profile altcoins, such as Cardano (ADA), Stellar (XLM), Litecoin (LTC) and Hedera (HBAR), also fell to their lowest levels since 2024 on Thursday.

all coins have lost 5% or more over the past 24 hours, continuing the pullback from their multi-year peaks reached in 2021 (or 2018 for Stellar).

Hyperliquid users are used to fluctuations in the crypto market, but on Thursday, a significant proportion of forced closures on the decentralized exchange (DEX) were related to gold, silver, and copper. According to Allium data, the perpetual precious metals futures markets accounted for $71 million in forced closes over the past 24 hours. Bitcoin was the only asset with a large volume of liquidations over the same period – $121 million. This picture shows how traders are changing their attitude…

The decline in value comes amid developments related to a bill regulating the structure of the crypto market, known as the CLARITY Act. On Thursday, the bill passed the Senate Agriculture Committee thanks to a party-line vote – no Democrats supported the document.