Kitco data show ETH (~$2,920), XRP (~$1.87), and SOL (~$126) all down roughly 4%–6% over 24 hours and 6%–10% over the week, echoing Monday’s Bloomberg report that Ether, Dogecoin, and XRP fell about 5% as crypto equities sold off. Analysts tie the weakness to broad de‑risking in global equities and hawkish signals from the Bank of Japan, with leverage unwinds in majors spilling over into the wider altcoin complex.
Showing posts with label Dogecoin. Show all posts
Showing posts with label Dogecoin. Show all posts
Derivatives and sentiment data show a fearful, range‑bound market
CoinDesk reports the Crypto Fear and Greed Index back in ‘extreme fear’ after prior liquidations wiped out overleveraged longs, and FXStreet/Coinglass data show rising open interest in selective names like Dogecoin as traders hunt for rebound plays. Overall, flows are light and ranges tight, with analysts repeatedly describing ‘a market waiting for a catalyst’ in the form of incoming U.S. data or central bank surprises.
Token-specific narratives: XRP DeFi expansion, memecoins stall
CoinDesk notes wrapped XRP arriving on Solana and Ethereum, expanding Ripple’s footprint into DeFi just as XRP pulls back with the broader market. At the same time, Dogecoin is stuck near $0.14 with Coindesk highlighting that even aggressive Fed easing has failed to ignite a fresh memecoin rally, underscoring how macro fatigue is capping speculative appetite.
Large-cap alts track lower with Solana leading the downside
Solana trades near $131, down roughly 4% to 5% on the day and about 8% on the week, while XRP holds around $2.01–$2.02, down 3%–3.5%. Kitco and TradingEconomics dashboards show a synchronized pullback across major alts like ADA and DOGE, reflecting broad de-risking rather than asset-specific news.