TL;DR:
- Bitcoin fell to a three-week low below $77,000 after posting consecutive losses since the weekend.
- The total cryptocurrency market capitalization decreased to $2.63 trillion, losing $50 billion in recent hours.
- The HYPE and ZEC tokens are trading in positive territory, with the former crossing the $45 threshold despite widespread declines.
The week begins in the crypto market with a notable and widespread correction. In this context, the HYPE token is moving strongly against the current, trading above $45 and breaking away from the bearish trend that dominated the main digital assets.
Mid-last week, the pioneer cryptocurrency began showing signs of weakness. Last Tuesday, it failed to consolidate above the $82,000 resistance, causing the price to start a pullback toward the $79,000 zone during Wednesday’s session.
Despite a brief recovery on Thursday fueled by the passage of the CLARITY Act in the U.S. Senate Banking Committee, the momentum was not sustained. The price of Bitcoin dropped to $78,000 on Sunday and deepened its decline on Monday morning until touching a floor of $76,500, its lowest level in approximately three weeks. Industry analysts suggest that this latest adjustment is a direct response to global uncertainty triggered by recent statements from the Trump administration regarding Iran.
Impact on altcoins and HYPE’s resilience
Bitcoin’s pullback dragged most high-market-cap alternative assets into significant losses over the last 24 hours.
Ethereum is trading close to losing the $2,100 support after posting a 3% daily drop. Meanwhile, Binance Coin stands at $640 after shedding 2%, while XRP remains below the $1.40 line. Pullbacks are sharper in tokens like Dogecoin, which loses more than 5%, and Bitcoin Cash, which leads the corrections with a plunge exceeding 11% to settle in the $365 area.
The native token of Pi Network also accentuated its downward trend, touching local lows below $0.15 during Monday’s session.
In contrast to this outlook, HYPE and Zcash emerge as the day’s two notable exceptions. HYPE trades above $45, while ZEC stabilizes around $530. Market technical reports indicate that this divergent behavior could be associated with internal liquidity dynamics and accumulated interest in specific protocols, allowing both assets to temporarily decouple from macroeconomic volatility.
During the last session, the total volume evaporated from the global market amounts to $50 billion. Traders’ attention is now focused on institutional behavior at Bitcoin’s technical support ahead of the upcoming Wall Street daily closes.
