Crypto analyst Miles Deutscher has shared recent data highlighting a challenging period for the digital asset market, revealing that only 12 out of the top 100 cryptocurrencies by market capitalization have posted positive returns in the past three months.
Leading the way in gains was BERA, which skyrocketed by nearly 580%, followed by TRUMP with an 85% increase and BGB at 72%. Other notable gainers included DEXE, IP, GT, OM, PAXG, XMR, XAUt, HYPE, and LEO.
On the flip side, many prominent cryptocurrencies faced substantial declines. Chainlink (LINK) experienced a sharp 40% drop, followed by Sui (SUI) at -39.48%, and JTO at -38.83%. Bitcoin (BTC) saw a 13% decrease, while Binance Coin (BNB) fell by 19.25%, and Cardano (ADA) suffered a 30% loss.
Deutscher pointed out the difficulty investors are facing in the current environment, which he describes as a “rotational market.”
Unlike previous bull markets where long-term holding was often rewarded, capital is now rapidly shifting between various sectors and assets, making it harder to find consistent winners.
XRP has come under intensified selling pressure, sliding nearly 10% over the past week and signaling deeper concerns among derivatives traders.
Coinbase is gearing up to broaden its futures trading capabilities, introducing round-the-clock contracts for Solana (SOL), XRP, and Cardano (ADA) starting June 13.
Investor sentiment around the potential approval of a spot Solana ETF has surged in recent weeks, with new data suggesting growing confidence that 2025 could be the year the green light finally comes.
The U.S. Securities and Exchange Commission has made it clear it will no longer involve itself in regulating memecoins—tokens often driven by internet culture, hype, and political branding.