The cryptocurrency market remains under pressure, with most major assets posting notable losses over the past week while sentiment stays deeply negative.
Key Takeaways
- Fear remains extreme despite a small bounce in sentiment
- The top 10 cryptocurrencies stay under pressure
- Weekly losses dominate despite minor intraday stability
Although prices are no longer in free fall, the data shows continued weakness across the board as traders remain cautious.
Importantly, market sentiment has improved slightly but remains firmly in extreme fear territory. The Fear and Greed Index has climbed from a recent low of 5 to 9, signaling that panic has eased marginally, even though confidence is still fragile.
Bitcoin and Ethereum Hold Key Levels, But Weekly Losses Persist
Bitcoin is trading near $69,000, showing minor hourly stability but remaining down nearly 3% on the day and more than 11% over the past seven days. The price action suggests consolidation rather than recovery, as buyers hesitate to step in aggressively.
Ethereum is hovering around $2,030, following a similar pattern. While short-term moves are relatively calm, ETH has dropped close to 12% over the past week, underlining sustained selling pressure across large-cap assets.
Altcoins Face Heavier Pressure
Several major altcoins are under stronger strain. Solana and BNB have both fallen around 18% on a weekly basis, making them among the weakest performers in the top 10. XRP has also declined sharply over the past seven days, despite showing modest intraday gains.
Dogecoin mirrors the broader trend, with double-digit weekly losses, while Bitcoin Cash has held up comparatively better but remains in the red on both daily and weekly timeframes.
Market Cap, Liquidations, and Sentiment Paint a Cautious Picture
Total crypto market capitalization stands near $2.35 trillion, down roughly 2.7% on the day. Derivatives markets remain active, with around $356 million in liquidations over the past 24 hours, split fairly evenly between long and short positions. This balance suggests ongoing uncertainty rather than a clear directional conviction.
Overall, the top 10 cryptocurrencies are not collapsing, but they remain under sustained pressure. With fear still extreme and volatility elevated, the market appears to be in a fragile stabilization phase rather than a confirmed rebound.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/here-is-how-the-top-10-cryptocurrencies-are-performing/
