- Bitcoin has recovered after dropping nearly as low as $60,000 per coin.
- Altcoins have continued to drop.
- Privacy coins were hit especially hard this week.
After plunging to nearly $60,000 per coin this week, Bitcoin regained ground and briefly touched above $70,000 on Friday. By Saturday morning in New York, it was trading a little over $69,000, according to CoinGecko.
But it’s looking bleak for major digital tokens dubbed hot trades just a month ago after the altcoin market bore the brunt of this week’s selloff.
The biggest losers this week include privacy coin Monero, down nearly 31% over a seven-day period, and President Trump-backed World Liberty Financial, which has continued its slide to lose over 31% of its value this week.
Monero was recently priced at $325 after recovering by 4%; World Liberty Financial dropped even further — shedding 10% of its value over a 24-hour period. It was recently trading for a little over $0.10.
Privacy selloff
Just one month ago, privacy coins were supposed to be the go-to trade for crypto speculators.
Coins like Dash and Zcash made a comeback as digital asset entrepreneurs and investors like Arthur Hayes and the Winklevoss twins declared the digital tokens an insurance policy against vanishing privacy.
That trade came undone with this week’s crash, though. Dash is down 19% over the past week, priced at nearly $37. And Zcash, while still up over nearly 650% since this time last year, was trading recently for $239 — down 22% over the past seven days.
Other battered alts
But privacy coins weren’t the only category to get pummelled. Top memecoin Official Trump — TRUMP — is one of this week’s biggest losers after shedding 23% of its value. It was recently trading for $3.39 and continued to drop on Saturday morning New York time.
Out of the biggest cryptocurrencies by market cap, Solana dipped the hardest: the Ethereum rival is down more than 24% over the week, despite regaining some ground at the weekend. It was trading for a little over $86 on Saturday — more than 70% below its 2025 all-time high.
Ethereum also took a beating this week and is down nearly 22% over that time frame. The second largest digital coin by market cap was nearly trading for $2,051 after jumping 4% over the past day.
Crypto markets got hit hard this week after billions of dollars in leveraged bets got liquidated. Investors were also spooked over Trump’s Federal Reserve chair nomination last week: Kevin Warsh — who’s typically been an inflation hawk in the past.
It wasn’t just crypto markets that got hit hard: Precious metals and stocks also experienced increased volatility this week.
Crypto market movers
- Bitcoin is up nearly 1% over the past 24 hours, trading at $69,122.
- Ethereum is up 4% past 24 hours at $2,051.
What we’re reading
- Controversial Bitcoin developer Gloria Zhao steps down as Core maintainer — DL News
- Epstein files reveal sex offender’s attempts to steer Bitcoin development — DL News
- Ethereum Lets Go of the Rollup Story. Here Are the 6 Tokens That Benefit — Unchained
- Small caps break out. Is crypto next? — Milk Road
- ‘It Always Feels Bleak’: Retail Traders Reel After Crypto’s Trump-Fueled Rise and Fall — Bloomberg
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at mdisalvo@dlnews.com
