Major cryptocurrencies fell 8-11% over the past week, with Bitcoin around $62,900. Altcoins underperformed Bitcoin, facing sell-side pressure at five-year highs. Bitcoin’s range-bound trading between $60k and $70k signals bearish technical outlook. An emerging AI scare trade in equities triggered a broader risk-off shift. Market volatility lacks sharp liquidation events, dampening dip buyer activity. Analysts warn continued failure to break out may deepen bearish sentiment.
Article Summaries:
- Major cryptocurrencies have fallen 8‑11 % over the past week, with Bitcoin trading around $62,900 inside a tight $60,000‑$70,000 range. Altcoins such as Ethereum, Solana, XRP and Dogecoin have lagged further, posting weekly losses of 8‑11 % and experiencing sell‑side pressure at five‑year highs. Analysts note that Bitcoin’s prolonged failure to break out of its current band is tilting the technical outlook toward a bearish trend. A broader “AI scare trade” in equities has triggered a risk‑off shift, draining liquidity from risk assets and adding to the downward pressure on crypto markets.
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