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 Kitco. Show all posts
Showing posts with label Kitco. Show all posts
Altcoins mirror Bitcoin’s drift, with recent gains fading
Ethereum (~$3,070, -5.2%), XRP (~$1.99, -2.4%) and Solana (~$133, -2.5%) are giving back part of Friday’s Fed-driven bounce highlighted by Investing.com and Kitco. Earlier in the session, SOL had outperformed with a 6% jump while ETH and XRP were modestly green, but that strength has rotated into a synchronized pullback alongside BTC.
Solana modestly higher, supported by real-world adoption headlines
SOL trades around $135–$137, slightly positive on the day even as broader altcoins remain under pressure (Kitco quotes). Sentiment is underpinned by news that J.P. Morgan issued commercial paper on Solana and that State Street and Galaxy plan a tokenized liquidity fund on the network in 2026, underscoring ongoing institutional experimentation (Reuters, CoinDesk).
Ethereum underperforms as macro uncertainty and futures liquidations weigh
ETH is around $3,202, off 3.6% over 24 hours per Kitco, slightly underperforming BTC as mixed signals on the Fed’s 2026 path keep leverage positioning fragile. CoinDesk notes that recent futures-driven selloffs have been particularly heavy in BTC and ETH, with several sessions of $500M-plus liquidations eroding trader confidence.
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.
Ethereum outperforms majors on upgrade and treasury narratives
ETH gains roughly 2% to about $3,386 and is up over 7% on the week, outpacing Bitcoin and most large caps per Kitco’s board. CoinDesk coverage highlights accumulating interest from corporate and fund treasuries plus anticipation of the Fusaka upgrade, which together are seen as medium‑term catalysts despite near‑term macro uncertainty.