The crypto market shed roughly $220 billion over the past week, bringing total market capitalization to around $3 trillion. Bitcoin led the decline, slipping 6.6%, while many major altcoins posted double-digit losses.
Bitcoin started the week just above $95,000 but fell to roughly $88,798 by Sunday morning. Ethereum dropped 11.6%, Solana lost 11.1%, and both BNB and XRP fell more than 7% during the seven-day stretch.
Some smaller tokens were hit even harder. Merlin Chain (MERL) plunged 48.74%, and SPX6900 (SPX) fell 31.13%. Other mid-cap altcoins like Flow (FLOW), Decred (DCR), and Dash (DASH) declined between 24% and 25%, while ZEN, BERA, EDU, ALCH, and Ethena’s ENA lost around 20–22%.
Despite the broad selloff, a handful of cryptocurrencies managed to post gains. River (RIVER) surged 131.7%, Canton (CC) rose 36.1%, Oasis Network (ROSE) added 25%, and Kaia (KAIA) climbed 23.6%. Myx Finance (MYX) also advanced 18%.
Gold-backed tokens fared well as the price of gold increased. PAXG and XAUT each gained just over 9% against the U.S. dollar, showing that tokenized assets can provide stability during turbulent weeks.
Analysts say the pullback reflects broad risk-off sentiment and profit-taking after recent market gains. While most major tokens stumbled, the performance of select altcoins and gold-backed tokens highlights that pockets of opportunity still exist.
The coming week will be critical in determining whether crypto risk appetite recovers or if this week’s turbulence signals more downside ahead.
