WMA: Bitcoin Resists Above $100K While The Altcoins Drop More Value
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This Week’s Summary
- The crypto market ends the week at a total market capitalization of $3.25 trillion.
- Bitcoin decreased by nearly 3% to trade at around $104,000.
- Ethereum stagnates at around $2,500.
- XRP is down 6%, Solana is down 12%, and Dogecoin is down 13%.
- Almost all altcoins are trading in the red, with nearly no exceptions.
- The DeFi sector decreased the total value of protocols (TVL) to around $113 billion.
Crypto Trends 26 May – 1 June 2025: Market Analysis and Performance
The cryptocurrency market closed a disappointing week, with most cryptocurrencies dropping their precious gains. Despite BTC setting a new ATH and some assets surging considerably, the bull run did not last long. Further uncertainty in the global financial markets maintains and even increases FUD everywhere. Meanwhile, the market capitalization dropped to around $3.25 trillion.
Bitcoin had a rough week despite many expecting it to remain around its newly achieved all-time high (ATH) at $113,970. Unfortunately, BTC started wobbling as soon as the week began. It briefly touched $109,000, but from then on, it declined, reaching a low of $103,000. The king of cryptocurrencies recovered over the weekend, settling at around $104,000.
Ethereum is weathering the storm by seesawing slightly around $2,500. It is a rare period of stability for the second crypto in command. Nevertheless, its supporters hope that ETH will bounce back and attack the $3,000 level instead of going in the other, more depressing direction.
Altcoins & DeFi
Most altcoins are trading in the red, with almost no exceptions. For example, XRP is down 6%, Solana is down 12%, Cardano is down 10%, Avalanche is down 9%, Sui is down 7%, Chainlink is down 8%, and Stellar is down 6%. Toncoin is among the few climbers, following a 5% value boost.
The memecoins are not faring any better, either. For instance, Dogecoin is down 13%, Shiba Inu is down 11%, and Pepecoin is down 12%.
The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down 9%, Stacks is down 16%, and Floki is down 12%. Meanwhile, Decentraland is down 11%, Render is down 16%, and ApeCoin is down 1%. The Sandbox decreased by 11% and MultiversX by 12%. On the other hand, Virtuals is up by 2%.
The DeFi sector decreased the total value in locked protocols (TVL) by over $2 billion, reaching around $113.4 billion.
Crypto Market Analysis – What’s in the News?
- The United States Securities and Exchange Commission has dropped a heavy lawsuit against Binance as part of a new approach toward the crypto sector that involves less scrutiny.
Next Week’s Crypto Market Forecast
The cryptocurrency market is fluctuating between unexpected bull runs and traditional contractions. Fewer investors are likely to make considerable movements in this highly volatile climate. Hopefully, the trend will turn, and the market will stabilize soon.
More By This Author:
WMA: Bitcoin Hits New ATH At $112,000 On BTC Pizza Day, But Altcoins Stutter
Bitcoin Stagnates But Altcoins Start Dipping Into The Red
Bitcoin Back Above $104,000 As The Market Gets A Huge Boost
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