Cryptocurrency Market Extends Weekly Decline Amid BTC, ETH, XRP Sell-Off

The cryptocurrency market has extended its weekly decline, with Bitcoin (BTC), Ethereum (ETH), and XRP facing significant losses. BTC has shed over 4% this week, trading below $77,000, while ETH and XRP have fallen by approximately 2.5% and 5%, respectively.

Despite the pullback, BTC's position above several key moving averages suggests that the broader bullish trend remains intact. The token's ability to defend these indicators will likely determine whether the current move is a routine correction or develops into a deeper decline.

The 50-day and 200-day EMAs are closely clustered below the current price, creating a potentially significant support zone near $72,900. If BTC extends its pullback, this area could attract buyers and preserve the broader uptrend.