Bitcoin spent the week consolidating around the 90k range after its pullback from mid-100k highs, with performance trending flat to slightly positive. Short-term metrics show BTC up roughly 1 to 2% over the past five days but still down meaningfully against the 20 and 50-day moving averages, reinforcing that price remains in a corrective phase within a broader uptrend. Volatility remained elevated, with an average daily range of 4 to 5%, while sentiment indicators remained cautious. Most near-term projections point to mild downside within a defined band, reflecting a cooling market rather than a full reversal in trend.
Ethereum outperformed Bitcoin on the week, posting mid-teens percentage gains over the last seven days and recovering strongly on a 30-day basis. The spot price has reclaimed levels just above 3k. While ETH remains below its recent local highs, technical readings place it near key moving averages, with a neutral RSI is evidence that selling pressure has eased, even if momentum has not fully reasserted itself. The market structure suggests a transition from corrective behavior toward stabilization, but it has not yet confirmed a decisive bullish path.
Stablecoins saw a net inflow of capital, with the supply rising by roughly 90 million dollars as investors rotated back into crypto following earlier outflows. Growth was led by new or yield-oriented products, with some new products expanding about 6 to 7% week-over-week and PYUSD and USDC adding meaningful supply over the month. The renewed demand is coming from both DeFi strategies and more institutional flows. Still, a series of recent peg breaks among decentralized stablecoins has kept risk perception elevated and reinforced the market preference for fully collateralized or centrally managed stablecoins.
Across DeFi and altcoins, the Solana ecosystem remained a standout narrative driver. Activity was supported by a wave of developments, including institutional treasury allocations into Solana-based DeFi and new RWA protocols offering 24/7 yield with instant on-chain settlement. Broader liquidity trends point to increased rotation into high-traction L1s and L2s. If momentum persists, certain DeFi and altcoin narratives may decouple from the market’s lower performance and the broader altcoin market.
