Recent fluctuations in the cryptocurrency market have led to a decline in prices of several leading digital assets, creating an atmosphere of uncertainty among traders.
Decline of Major Cryptocurrencies
Bitcoin (BTC) fell by 1.7% over the past 24 hours, reaching $105,017, with a weekly loss of 4.1%. Ethereum (ETH) reduced by 2.2%, priced at $2,525.70, representing a total drop of 9.6% for the week. XRP (XRP) decreased by 3.6% to $2.16, while Solana (SOL) dropped by 3.9%, currently trading at $147.25, with a weekly decline of 11.3%.
Resistance from Altcoins
Despite the overall negative sentiment, some lower-ranked tokens are showing gains. United States Dominant Peg (USDP) surged by 262.7% to $0.06465, while Fair and Free (FAIR3) rose by 36.1% to $0.03838. Other tokens like World Friendship Cash (WFCA) and TAGGER (TAG) also recorded significant increases, indicating a shift in traders' focus toward higher risks.
Overall Trends in the Crypto Market
Major cryptocurrencies are facing clear downward pressure, shedding value both daily and weekly. However, some micro-cap assets have shown strong price rallies, providing brief momentum in an otherwise subdued market.
The cryptocurrency market presents a mixed picture: traditional major assets are losing value, while some altcoins are rising, indicating a potential shift in investor interests.
