Bitcoin Stabilizes at $62K, Altcoins Under Pressure
- Bitcoin had a rough week, falling from $66,000 to $62,000 amid tensions in the Middle East. However, BTC stabilized at $62,000 by the end of the week, down more than 5% for the week.
- Major altcoins such as XRP, DOGE, ADA, SHIB, DOT, and NEAR all fell sharply, posting double-digit losses. XRP was particularly hard hit after the SEC appealed a court decision on secondary sales, sending prices down 15%.
- The total crypto market cap lost more than $150 billion but has since recovered slightly, now at $2.25 trillion. 🌐📉