Last Sunday, bitcoin was trading just north of $95,000 per coin, and fast-forward to today at 9:30 a.m. Eastern time, BTC is sitting at $88,798. Meanwhile, several other top-ten heavyweights by market cap took a beating, with ethereum ( ETH) dropping 11.6%.
BNB and XRP each slid more than 7%, while solana ( SOL) managed to shed 11.1% over the seven-day stretch. The week’s biggest casualty was merlin chain (MERL), which sank 48.74% against the greenback. Close on its heels was the meme coin spx6900 (SPX), down 31.13% on the week.
Flow (FLOW) fell 25.44%, the privacy coin decred (DCR) declined 24.93%, and dash ( DASH) posted a 24.55% drop. ZEN slid 22.54%, BERA fell 22.09%, EDU took a 20.90% knock, ALCH slipped 20.81%, and Ethena’s ENA gave up 20.73%. Still, a few crypto contenders refused to follow the script.
For example, river (RIVER) jumped 131.7%, while canton (CC) advanced 36.1% this week. Oasis network (ROSE) gained 25%, and kaia (KAIA) climbed 23.61% against the greenback over the same period. Myx finance token (MYX) also notched an 18% rise this week.
Alongside this, riding gold’s upward move, the gold-backed tokens PAXG and XAUT each added just over 9% against the U.S. dollar. Basically, the week delivered a blunt reminder that crypto can swing from carnage to celebration without much warning.
Also read: From Boom to Whimper: Bitcoin Slides Into Bearish Territory
While most majors stumbled, a small cadre of outliers — and tokenized gold — proved that pockets of upside still exist for those willing to look past the wreckage. Whether that resilience holds will depend on whether risk appetite finds its footing—or whether the market decides this bout of turbulence still has more chapters to write.
- Why did the crypto market fall this week?
Broad risk-off sentiment and sharp pullbacks in major tokens dragged total market value lower over the past seven days. - How did bitcoin perform during the week?
bitcoin slid about 6.6% over the week, falling from above $95,000 to roughly $88,800. - Which cryptocurrencies were the biggest losers?
merlin chain (MERL), spx6900 (SPX), and several mid-cap altcoins posted the steepest weekly declines. - Were there any crypto gainers despite the selloff?
Yes, river (RIVER), canton (CC), select altcoins, and gold-backed tokens like PAXG and XAUT finished the week higher.
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