- Bitcoin falls below $60k, a 7.7% drop in one week.
- Ethereum drops over 8%, showing significant market strain.
- Solana leads in losses with a 13.1% weekly decline.
- Binance Coin bucks the trend, up 43% despite the downtrend.
The cryptocurrency market is experiencing significant turbulence, with most major coins showing a sharp decline in the past week. A glance at the top coins reveals some serious drops, while only a few are showing resilience.
Bitcoin Slips Below $60K
Bitcoin (BTC) is experiencing a notable price slump, dropping by 0.62% in the last 24 hours and a sharp 7.71% over the past week, pushing its price to $59,177. With its trend at 38%, this fall signals continued bearish momentum. Investors are growing wary as BTC loses its grip on the $60K mark, raising questions about the broader market’s direction.
Altcoins Follow Bitcoin’s Downward Path
Ethereum (ETH), the second-largest cryptocurrency, also struggled this week, dropping by 8.44% and currently trading at $2,525. This marks a significant downturn, with ETH’s price down by 0.09% over the past day. Solana (SOL) took an even bigger hit, falling by a staggering 13.11% for the week, making it the worst-performing top crypto. Its 24-hour decline of 2.40% pushed SOL’s price to $136.81, adding to the pain for SOL holders.
Even popular tokens like Dogecoin (DOGE) and Ripple (XRP) aren’t immune. DOGE fell by 9.95% for the week, while XRP dropped 7.18%, though it saw a small recovery of 0.80% in the past day.
