The crypto market opened the week under heavy pressure, with red dominating nearly every major asset and the combined market cap sinking to $3.1 trillion, a sharp 4.65% intraday drop.
Sentiment has deteriorated so quickly that the Fear & Greed Index has collapsed to 15, signaling “extreme fear” across traders and institutions alike.
Bitcoin attempted a mild rebound early in the session but remains pinned near $90,356, still down almost 14% over the past seven days , tumbling into the high-$89,000 range and returning to levels traders haven’t seen since early spring.
Despite briefly flashing green on the hourly chart, BTC continues to face aggressive sell volume, and the inability to recover the mid-$90K range keeps broader market confidence near its lowest point in months.
Ethereum followed a nearly identical trajectory, trading at $3,023 after a fresh 5.49% daily decline and a weekly loss approaching 15%.
Large withdrawals from ETH pairs and thinning liquidity have made each downturn sharper, with sellers firmly controlling the trend.
Stablecoins – USDT and USDC – held their pegs as usual, but their trading activity revealed a defensive mood. Both posted minimal movement while absorbing significant flight-to-safety volume as investors exited volatile altcoins.
Among the majors, XRP fell to $2.15, sliding nearly 12% this week after repeated rejections near the $2.30 resistance zone. BNB showed a slightly softer decline at $910, although it still posted a 6.5% weekly loss.
Solana experienced the steepest volatility among leading Layer 1s. Now at $136.92, SOL has shed more than 16% over the past week despite strong ETF-related hype earlier in the month. Traders attribute the abrupt reversal to aggressive deleveraging and market-wide risk aversion rather than any protocol-specific catalyst.
Lower-cap majors were not spared either: TRON (TRX) dipped to $0.287, although its weekly damage remains comparatively mild at just over 3%, making it one of the most resilient assets in the top rankings.
Across the board, the story is the same: sellers remain in control, liquidity is thinning, and every minor bounce is being sold into. With the average crypto RSI sitting at 40, markets are approaching oversold territory, but the absence of bullish catalysts suggests that volatility could remain elevated throughout the week.
Unless Bitcoin reclaims the low-$90K region with strong volume, traders expect continued uncertainty – and the possibility that the market has not yet found its near-term floor.
Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.
