Crypto Market Erases $100B Rally as Bitcoin and XRP Prices Slide: Weekly Report

Cryptocurrency Market Faces Volatility Following Tech Sell-Off

The cryptocurrency market endured sharp swings over the past week as initial gains tied to a post-election rally faded in the wake of a broader sell-off across technology stocks. At the center of the market turbulence was Bitcoin, which briefly breached the $75,000 support level—marking its first dip below that benchmark since late August. Despite intense price fluctuations throughout the trading window, the leading digital asset closed out the seven-day period down 2.5%, moving from an opening level of $77,845 down to $75,877.

The downward momentum reverberated across several alternative digital currencies, many of which gave up substantial gains that had accumulated during recent market optimism. High-beta assets and major payment tokens were particularly exposed to the broader macroeconomic shift, tracking the tech-sector pullback and amplifying the losses seen in Bitcoin.

Altcoins Experience Steep Weekly Declines

A wide swath of prominent digital assets faced sharper retracements than Bitcoin over the course of the week. XRP reversed its upward trajectory after briefly topping $1.32, sliding steadily into Saturday when it reached a multi-week low of $1.15. The retreat translated to a weekly loss exceeding 7% for the token.

Losses were similarly pronounced across other major utility and decentralized network assets:

• NEAR: Dropped 15%, recording one of the most severe contractions among major tokens.
• Hyperliquid (HYPE): Fell by more than 12% across the seven-day period.
• Bitcoin Cash (BCH): Declined approximately 12%.
• Stellar (XLM): Contracted by around 10%.
• World Liberty Financial (WLFI): Shed 7% during the same window.

Tron, Zcash, and Gold-Pegged Assets Counter the Slide

Despite the prevailing bearish pressure across digital assets, a select group of tokens demonstrated resilience and posted positive returns. Tron (TRX) and the privacy-focused asset Zcash (ZEC) stood out from the broader market downturn, with both cryptocurrencies recording weekly gains of approximately 3%.

Investors also sought refuge in tokenized precious metals, mirroring traditional risk-off defensive strategies. Gold-backed digital assets led the positive performers, with Tether Gold (XAUT) advancing 4.6% and Pax Gold (PAXG) climbing 4.1% over the weekly timeframe.

Why This Matters

The market’s performance underscores the ongoing sensitivity of cryptocurrency assets to shifts in broader financial markets, particularly high-growth technology equities. While the initial post-election momentum drove aggressive gains, the swift correction demonstrates that digital assets remain closely correlated with broader investor risk appetite. Simultaneously, the outperformance of physical-asset-pegged tokens like XAUT and PAXG, alongside idiosyncratic gainers like TRX and ZEC, indicates that capital within the ecosystem rotated selectively into defensive and counter-trend assets during periods of heightened volatility.

Frequently Asked Questions

How did Bitcoin perform relative to key support levels this week?

Bitcoin briefly fell below $75,000, reaching that level for the first time since late August. Overall, it dropped 2.5% over the seven-day period, declining from $77,845 to $75,877.

Which cryptocurrencies suffered the largest drops?

NEAR experienced the sharpest decline, plunging 15%. Hyperliquid (HYPE) and Bitcoin Cash (BCH) both fell over 12%, Stellar (XLM) dropped 10%, and XRP fell more than 7% after dropping to a multi-week low of $1.15.

Which digital assets saw positive gains during the downturn?

Tron (TRX) and Zcash (ZEC) defied the negative trend by gaining approximately 3% each. Additionally, gold-backed tokens XAUT and PAXG increased by 4.6% and 4.1%, respectively.