Bitcoin holds $79,000, ether, solana slip as traders bank a week of gains
Major cryptocurrencies saw mixed performance as traders consolidated gains, with XRP and Zcash experiencing notable pullbacks after a strong week. Meanwhile, market indicators suggest growing spot demand, even as investors await key economic data from the Federal Reserve.
Why it matters
The divergence between crypto market performance and traditional equity indices highlights the current sensitivity of digital assets to macroeconomic policy expectations.
XRP fell hardest among the majors, down over 4% to just above $1.44, though it still leads the week at almost 45%. Privacy-focused Zcash dropped almost 6% to just above $783 while holding a 55% weekly gain, the strongest of the group, as a dedicated spot ETF went live in the US.
Dogecoin slid almost 5% to just under 9 cents, solana over 3% to just under $97, and tron almost 3% to nearly 34 cents.
BNB fell almost 2% to just over $695 and ether over 1% to just under $2,465, keeping weekly gains of almost 16% and 29% respectively. Hyperliquid's HYPE was the only major higher, up almost 3% to just over $81 and almost 40% on the week.
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