- Crypto -markets tumbles as Bitcoin drops from $ 111k to $ 105k, and Altcoins drags down hard.
- Low 2 and gaming tokens lead drops with double digit losses on timetables.
- Taking profit, macro risks and FTX returns lead to a broad crypto market correction.
A general sale has influenced the cryptocurrency market, with layer 2 tokens, gaming projects and meme coins that sharp drops experience over multiple timetables. The correction came when Bitcoin withdrew from his recent high of more than $ 111,000 to the current levels around $ 105,000. This has caused weakness in the Altcoin sectors.
Low 2 scale solutions are particularly difficult, with the combined market capitalization of the sector fell by 7.34% to $ 13.54 billion. Stapels (STX) leads the fall with a fall of 19.95% over seven days, acting at $ 0.7861. Optimism (OP) follows closely with a weekly fall from 14.88% to $ 0.6883, while Arbitrum (ARB) has fallen by 13.63% to $ 0.3709.
The weakness extends over different timetables, with the most layer of 2 tokens that turn red for 24 hours, weekly and longer periods. This broad decline suggests systematic sales instead of project -specific problems that stimulate the correction.
Gaming -Tokens Wrestling in the middle of the market liability
Gaming and Metaverse tokens have had to deal with equal sales pressure, with large projects that place double digits weekly. Render (Render), used for distributed GPU computing, fell by 19.94% over seven days to $ 4.15.
Immutable (IMX), aimed at Gaming NFTs, fell by 18.37% to $ 0.5763 with a market capitalization of $ 1.06 billion. Even projects that show small weekly profit, such as four (form) at 0.41%, have struggled with daily and hide.
Memecoins also struck hard due to the fall in the market
The meme coin sector has not escaped the wider market pressure, with large tokens that lose losing on timetables. Dogecoin (Doge), the largest meme coin per market capitalization, has fallen by 16% to $ 0.2042 and 9.14% in the last 24 hours.
Shiba Inu (Shib) has fallen by 13.39% weekly to $ 0.00001334, while Pepe (Pepe) has a decrease of 17.41% to $ 0.00001278. Even political theme tokens such as Official Trump (Trump) have withdrawn to $ 11.54 for seven days.
Newer meme coins have confronted even steeper decreases, with Bonk (Bonk) with 22.74% per week and Fartcoin with a decrease of 28.23%. Various factors seem to stimulate the wide cryptocurrency sale. Bitcoin’s retreat of $ 111,000 highlights has created a risk-off environment that usually finds altcoins more seriously than the leading cryptocurrency.
Related: US Court vs. Trump Rates: Bitcoin and Altcoins take a hit
Market sales driven by profitable and macro risks
Post-rally corrections often occur after strong rallies, where markets often consolidate profits before potential continuation. The technical nature of the decline suggests profitable instead of fundamental deterioration of underlying projects.
Macro -economic uncertainty, including concerns about American trade policy and potential GDP contraction, has contributed to a weaker weakness of the market. In addition, upcoming FTX returns, which are expected to be higher than $ 5 billion in stablecoins, create further sales pressure if creditors receive their benefits. The Bitcoin 2025 Conference conclusion without major announcements may have disappointed some market participants who expect catalysts. All these factors could have contributed to the sale time.
Safeguard: The information presented in this article is only for informative and educational purposes. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses as a result of the use of the aforementioned content, products or services. Readers are advised to be careful before taking action with regard to the company.