Cryptocurrency markets experienced a wave of sharp selling pressure and broad-based declines during last week's trading sessions, driven by intense investor caution over future US monetary policy. The turbulence weighed heavily on the total crypto market capitalisation, which fell by approximately $0.1 trillion ($100 billion), a decline of 4.42%.
The negative mood hit the world's largest digital currency directly, with Bitcoin dropping from its previous level of $62,967 to a current level of $59,889, recording a loss of $3,078, or a decline of approximately 4.10%. Ethereum was not spared from the selloff either, falling from its previous price of $1,700 to settle at $1,572, shedding $128 in value for a decline of 6.90%.
Against the trend, Solana stood out as the sole gainer on the list, climbing from its previous level of $69 to a current level of $73.26, achieving a growth rate of 4.38%.
At the other extreme, Dogecoin suffered the largest percentage loss, falling from its previous price of $0.0828 to a current value of $0.075, a decline of $0.0078 or 9.42%. XRP (Ripple) also fell sharply from its previous level, recording a decline of 6.39%.