Crypto Market Sees Widespread Losses Amid Speculative Rotation
The crypto market saw significant fluctuations over the past 24 hours, with Bitcoin trading near $63,057, down 0.44% compared to yesterday and 3.23% for the week.
Ethereum held around $1,862, down 4.12% weekly, while XRP traded near $1.07, down 2.92% for the week.
Solana climbed to $72.98, but still saw a 4.37% decline for the week.
Total crypto market capitalization stood at $2.17 trillion, down 0.32% over the past day, with 24-hour liquidations falling sharply to $95.89 million, nearly 60% less than before.
The Fear & Greed Index read 34, still in 'fear' territory.
Bless led trending searches with a 49.6% surge over 24 hours, while Hyperliquid's HYPE token slipped 1.1% and Pudgy Penguins eased 0.5%, indicating continued speculative rotation into smaller tokens.
Thorn warned that some funds have moved to second-hop addresses, and remaining Coldcard users are urged to move their funds immediately using higher-fee methods.
CryptoQuant's Julio Moreno reported a surge in small Bitcoin transfers under 1 BTC, reaching their highest level since November 2022, as retail holders rushed to reposition their coins.