Red Week for Crypto: Bitcoin Falls Below $102K, Ethereum Slumps 17%

The cryptocurrency market experienced a significant downturn today, with nearly all leading digital assets recording steep declines.

Investor sentiment has weakened as macroeconomic uncertainty and profit-taking triggered a broad sell-off across the market.

Bitcoin (BTC) remains the market leader but saw its value fall by 11.76% over the past seven days, now trading at around $101,862.27. The decline came alongside a sharp drop in trading volume to roughly $84 billion within 24 hours, signaling lower market activity and potential hesitation among traders.

Ethereum (ETH), the second-largest cryptocurrency, faced even heavier losses, tumbling by 17.50% to approximately $3,414.41. The sharp correction reflects increasing risk aversion and possible capital rotation toward stable assets amid the market’s volatility.

Among other major altcoins, Binance Coin (BNB) slid by 19.11% to $925.98, while XRP dropped 15.89% to $2.22. Solana (SOL) was one of the hardest hit, declining by 21.30% over the week to $157.40, as momentum in the layer-one sector cooled sharply. Dogecoin (DOGE) and Cardano (ADA) also suffered heavy losses of around 20% each.

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Stablecoins, including Tether (USDT) and USD Coin (USDC), remained anchored near $1, highlighting their role as safe havens during volatile periods. Despite the turbulence, trading volumes for both coins stayed high, with Tether recording nearly $184 billion in 24-hour activity.

The overall market capitalization of cryptocurrencies has contracted notably, reflecting an ongoing correction phase following months of steady gains. Analysts suggest the decline could be part of a healthy market reset, but warn that continued macroeconomic pressures and tightening liquidity may extend the downturn in the short term.