Major cryptocurrencies lost up to 17% of their value in a week

Bitcoin BTC $94,398.00 Mezo Wrapped BTC -0.61% Market capitalization $48.5 million VOL. 24 hours $3.35 billion dropped to $ 95,557 during trading in Asia, hitting its lowest level since May. The decline was part of a broader selloff in risky assets caused by a drop in US tech stocks and a decline in institutional interest in cryptocurrencies. Over the past month, Bitcoin has lost more than 30% of the growth recorded at the beginning of the year.

Other leading tokens are also showing negative dynamics. Ethereum ETH $3,073.43 Bridged Ether (StarkGate) 0.51% Market capitalization $72.71 million VOL. 24 hours $2.23 billion dropped to $ 3,182, losing 12% over the week, XRP XRP $2.20 XRP 0.94% Market capitalization $132.15 billion VOL. 24 hours $0.4 billion - by 8.8% to $ 2.25, BNB BNB $910.88 BNB -0.80% Market capitalization $125.46 billion VOL. 24 hours $0.3 billion - by 7.8% to $ 932. Solana SOL $134.69 Binance-Peg SOL -0.90% Market capitalization $0.15 billion VOL. 24 hours $0.69 billion recorded the biggest drop, losing 16.5% to trade at $ 140. Dogecoin DOGE $0.16 Binance-Peg Dogecoin 0.09% Market capitalization $0.4 billion VOL. 24 hours $0.23 billion costs $ 0.161, Cardano ADA $0.48 Cardano -1.12% Market capitalization $17.43 billion VOL. 24 hours $0.11 billion - $ 0.491, and TRON TRX $0.29 TRON 0.86% Market capitalization $27.79 billion VOL. 24 hours $0.13 billion remains stable at $ 0.292.

Analysts note that the market structure has deteriorated: inflows to cryptocurrency ETFs have declined for the second week in a row, long-term Bitcoin holders are actively selling assets, and retail investors are not showing any willingness to return. According to 10x Research, the market has entered a bearish phase, losing support from funds, corporations, and institutional players.

Technical analysis shows that the breakout of $ 100,266 opened the way to a decline in the range of $ 93,000-$ 95,000, where the support zone is currently located. In case of a further drop, the price could fall to $ 89,600. The levels of $ 100,200 and $ 107,300 remain key resistance zones that have previously stopped recovery attempts.

According to Nick Ruck of LVRG Research, market stabilization will depend on signals from the US Federal Reserve. If the FOMC minutes next week do not reveal a «softer tone,» the crypto market may remain under pressure. Analysts at Bitunix expect a period of low activity while investors keep an eye on macroeconomic data and Fed decisions.