Did Rally Lose Momentum? โน๏ธ
This week saw the crypto market slip again. Bitcoin and Ethereum both started strong but ended weaker, while select altcoins bucked the trend and some macro shocks hit risk appetite hard.
โก๏ธ Market Snapshot๐ Bitcoin traded in the range $110,320 โ $101,300, dropping to ~$99,008 mid-week.
๐ Ethereum ranged ~$3,867 โ ~$3,315, with an intra-week low near ~$3,098.
๐ Total crypto market cap is about $3.38 trillion, reflecting steep draw-downs in the major caps.
๐ Institutional & Market HighlightsThe market is under pressure after this weekโs macro and policy signals:
๐ต The Federal Reserve emphasized caution and dataโdependency, which hurt risk asset sentiment.
๐ต Trade tensions resurfaced: U.S.โChina issues and tariff threats continue to dampen global risk appetite.
๐ต Spot crypto ETFs finally recorded net inflows after multiple days of outflows โ a silver lining amid the broader weakness.
๐ Altcoin Highlights๐ฃ Internet Computer
(ICP) ~+153% โ Demand surged as exchange balances dropped, open interest spiked and a breakout above key technical resistance triggered momentum.
๐ฃ Dash
(DASH) ~+128% โ Privacy coin sector led the bounce, with Dash and peers rallying on technical breakouts and rotation into privacy assets.
๐ฃ Zcash
(ZEC) ~+118% โ Also driven by privacy sector strength, breakouts and active on-chain metrics supporting demand.
๐ Whatโs Next?The market has shifted from hope to caution. With macro clouds gathering and key supports under pressure, the next leg will need either renewed risk appetite or a clear catalyst. A bounce is possible โ but without it, deeper losses may follow.
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