Bitcoin dipped below $60,000 over the weekend and traded around $59,940 on Sunday, down 0.6% over 24 hours and nearly 7% on the week, per CoinDesk data as a quarter of the sale neared its final days.
Altcoins again led the way down. Ether fell 9.5% on the week to around $1,567, dogecoin fell 11.7% to $0.073, Hyperliquid’s HYPE lost 10.6% and XRP fell 8.7% to $1.04. Solana held up better at $70, up 3.5%, and tron was the most resilient, down 1.5%.
The market has spent the week leaning on bitcoin’s relative stability, while anything riskier fell faster.
The weekend marks the end of a weak first half, with just two days remaining. Bitcoin is on track to end the second quarter down about 12%, after falling about 22% in the first, according to data from Coinglass. Ether has underperformed, down about 25% in the second quarter after falling 29% in the first quarter.
