Cryptocurrency Market Faces Broad Decline Amid Continued Selling Pressure

The cryptocurrency market continued its widespread decline over the past 24 hours, as selling pressure persisted on major coins, impacting both prices and weekly performance across most digital assets.

The CoinMarketCap Cryptocurrency Index (CMC20) fell by 2.96% in 24 hours and 3.93% weekly, settling at $135.45. Bitcoin dropped 2.45% daily and 3.77% weekly to $66,200, while Ethereum declined 2.94% over 24 hours and 3.66% weekly to $1,916.13.

Among major altcoins, Tether remained near the $1 mark despite slight daily and weekly declines of 0.07%. XRP fell 2.16% daily and 7.57% weekly to $1.39, while BNB decreased 2.37% daily and 1.64% weekly to $608.58.

Stablecoins and blockchain networks saw minimal changes for USD Coin, which stayed near $0.9999. Solana experienced one of the largest drops, falling 5.70% daily and 6.79% weekly to $80.22, whereas TRON declined 0.09% daily and 2.88% weekly to $0.2885.

Community-based and Bitcoin-linked coins also saw losses: Dogecoin dropped 1.03% daily and 6.63% weekly to $0.09626, Bitcoin Cash fell 4.83% daily and 2.42% weekly to $544.71, and Cardano declined 1.95% daily and 5.11% weekly to $0.2706.

Mid-cap coins recorded notable drops, including UNUS SED LEO down 1.73% daily and 5.23% weekly to $8.04, Hyperliquid down 5.06% daily and 6.51% weekly to $28.04, while Ethena USDe remained near $0.9992 with minor fluctuations.

Infrastructure and privacy coins also retreated: Canton Network (CC) fell 2.00% daily and 0.29% weekly to $0.162, Monero decreased 0.61% daily with weekly stability at $327.03, and Chainlink dropped 3.68% daily and 4.35% weekly to $8.47.