Many altcoins have produced even more notable price declines since this time last Sunday, led by DOGE, SOL, SUI, and LINK from the larger caps.
BTC at $104K
Bitcoin made history last week when it broke its January 2025 all-time high and registered a fresh peak on Pizza Day (May 22) at almost $112,000. However, it started to retrace on the next day when US President Trump outlined a new tariff recommendation against the EU and the asset slumped by several grand to around $107,000.
It bounced off at the start of the business week and tapped $110,000. However, another rejection followed at that point, and BTC was pushed down to the $107,000 level once again.
The situation worsened as the week progressed and BTC slipped to $105,000 on Friday after Trump blamed China that it had violated the previous trade agreement between the two. Saturday saw another leg down as bitcoin slumped to a 12-day low of $103,000.
It has recovered some ground and is above $104,000 now, but it’s still over 3% down on the week. Its market cap has calmed at $2.070 trillion on CG, while its dominance over the alts is well above 61%.
CRO Defies Market-Wide Trend
Most altcoins have posted big losses over the past seven days. Dogecoin and Shiba Inu lead the pack, with massive declines of 15% and 12.6%, respectively. Solana, SUI, and LINK follow suit, with price drops of around 10%.
ETH has managed to maintain the $2,500 level, while XRP is down to $2.16 after a 6.7% weekly slump. Further losses are evident from PI, XMR, and PEPE, while CRO has defied the market-wide trend.
Cronos’ native token has jumped by 7.5% since last Sunday and sits well above $0.1.
The total crypto market cap has dropped by over $250 billion since last week and is below $3.4 trillion on CG now.
The post These Altcoins Retrace the Most Weekly as Bitcoin (BTC) Calms at $104K (Weekend Watch) appeared first on BitcoinLinux.
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Author: NixCoin