Shaurya Malwa

Major cryptocurrencies like ether, XRP, and solana also experienced significant declines.

Broader crypto markets are pressured by weak risk sentiment and technical trading patterns.

Bitcoin's Death Cross, a bearish signal, occurred as the 50-day moving average fell below the 200-day moving average.

The market remains bearish with XRP struggling to break above the $2.23–$2.24 resistance zone.

China’s latest dataset showed economic activity cooling far more than expected, creating selling in Asian stocks in Friday trading hours.

Analysts caution that the market remains vulnerable to further declines, with large token movements and macroeconomic factors contributing to uncertainty.

The sharp move unfolded within a $0.0121 range as price action confirmed a textbook lower-high, lower-low formation.

Token rallies through key resistance with 31% volume surge as Nasdaq certifies first U.S. spot XRP ETF

A fresh wave of pessimism is sweeping across crypto markets, but the mood shift may be doing more good than harm.

Bitcoin's Net Unrealized Profit (NUP) ratio has dropped to 0.476, a level that historically signals short-term market bottoms.