The cryptocurrency market witnessed a broad-based pullback on July 7, with Bitcoin, Ethereum and most major altcoins trading in the red. Despite today's decline, several digital assets continue to post strong weekly gains, indicating that recent buying momentum remains intact.
Key Highlights
- Bitcoin fell 1.34% to $63,134, though it remains up 7.93% over the past week.
- Ethereum declined 1.51% to $1,769.49, while maintaining a 12.88% weekly gain.
- BNB slipped 1.09% to $579.70.
- Solana eased 0.95% to $81.09, but remains up 21.40% over the past month.
- Cardano dropped 1.55%, yet continues to lead weekly performance with a 25.53% gain.
- XRP fell 1.35%, while Polkadot recorded the sharpest decline among major cryptocurrencies, down 2.70%.
Market Snapshot
| Cryptocurrency | Price | Daily Change |
|---|---|---|
| Bitcoin (BTC) | $63,134 | -1.34% |
| Ethereum (ETH) | $1,769.49 | -1.51% |
| BNB | $579.70 | -1.09% |
| Solana (SOL) | $81.09 | -0.95% |
| Cardano (ADA) | $0.181 | -1.55% |
| XRP | $1.128 | -1.35% |
Trend Watch
Despite today's selling pressure, Cardano (+25.53%), Ethereum (+12.88%), Uniswap (+12.84%), and Solana (+10.28%) continue to post strong weekly gains, suggesting investors are booking profits after a recent rally. However, on a longer-term basis, the sector remains under pressure, with most major cryptocurrencies still down 25% to 52% year-to-date and 12% to 75% year-on-year.
