Altcoin
BTC & Altcoins Recover After Bloodbath, Whale Activity Spikes
The crypto market has concluded another week with riveting price actions, keeping traders and investors on their toes. Bitcoin (BTC) price hit a $78K low before regaining back the $85K level, whereas altcoins mimicked the same volatile trend. Notably, the broader market volatility occurred due to macroeconomic heat and liquidity setbacks, urging a panic-selling sentiment among market participants.
Mentioned below are some of this week’s top crypto market updates reported by CoinGape over the past week.
Crypto Market Updates: Bitcoin & Altcoin Prices Ride Rollercoaster
BTC price closes the week near the $85K level after touching a $78K low in the past seven days, as mentioned above. Further, Ethereum touched a $2100 level low this week. Solana saw a trading session at the $130 level. XRP price slipped to even lose $2 in the past seven days.
Notably, the waning action comes against the backdrop of macro developments causing trade war tensions. U.S. President Donald Trump is set to forge ahead with new tariffs on Canada, Mexico, and the EU. As a result, global markets took a hit, with even the crypto sector mirroring a slump.
Moreover, CoinGape reported that the recent crypto market crash is also attributable to massive liquidations. The market saw over $1 billion in liquidations in just a day, with billions liquidated this week. Traders and investors further reflected a panic-selling sentiment amid massive liquidations.
Nevertheless, BTC and altcoins showcased signs of recovery, with the flagship coin nearing $85K and ETH price closing the week near $2,200.
Heightened Whale Activity Sparks Speculations
Simultaneously, crypto whale activity rose substantially amid the recent market volatility, sparking market speculations. CoinGape reported that Dogecoin whales embarked on a massive buying spree amid DOGE price dip, signaling gains imminent.
On the other hand, Solana whales also bought the recent dip, indicating price gains for the crypto looms. SOL whales’ also unstaked massive amounts amid the current volatility, adding a layer of intrigue among market participants.
Also, Ethereum whales have taken on a buying spree, accumulating heavily amid the recent dip. Altogether, the massive accumulations signal renewed market interest in cryptocurrencies after the recent market turmoil. Traders and investors continue monitoring prices for further shifts.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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