Bitcoin’s price has rebounded slightly from its recent multi-day low and currently trades just above $104,000. Despite this bounce, BTC’s weekly performance remains negative, showing signs of market caution.
Meanwhile, several altcoins have experienced even sharper declines over the past week, with notable pullbacks led by larger caps like DOGE, SOL, SUI, and LINK.
Bitcoin Holds Steady Around $104K
Last week, Bitcoin made headlines by breaking its January 2025 all-time high, reaching nearly $112,000 on May 22—Pizza Day. However, following political developments, including new tariff proposals from US President Trump, BTC faced pressure and retraced to around $107,000.
Though BTC briefly bounced back to $110,000 early in the week, it was again rejected and slid back below $107,000. The bearish sentiment continued through Friday and Saturday, pushing BTC to a 12-day low near $103,000 before recovering slightly.
At the time of writing, Bitcoin sits above $104,000 but remains down over 3% for the week. Its market capitalization has steadied at approximately $2.07 trillion, with dominance over altcoins holding firm above 61%.
Altcoins See Sharper Weekly Losses; CRO Bucking the Trend
Most altcoins have suffered significant weekly losses, with Dogecoin and Shiba Inu taking the biggest hits—down 15% and 12.6%, respectively. Solana, SUI, and Chainlink have also fallen close to 10%.
Ethereum has managed to hold the $2,500 mark, while XRP declined 6.7% to $2.16. Additional losses are evident among PI, Monero (XMR), and PEPE tokens.
Interestingly, Cronos (CRO) has defied the broader market trend, rallying 7.5% since last Sunday and trading comfortably above $0.10.
The total cryptocurrency market cap has decreased by over $250 billion during the week and now sits below $3.4 trillion.
