The broader crypto market remains under pressure over the weekend, with Worldcoin posting the steepest losses despite announcing a fresh funding round. Bitcoin has also failed to regain momentum after slipping below the $64,000 mark, while most major altcoins continue to trade in negative territory.
Bitcoin Loses Momentum Below $64K
Although Bitcoin enjoyed a strong rally earlier in the week, its gains have largely faded. After falling to $63,750 on Monday, the leading cryptocurrency surged to a monthly high of $67,000 on Tuesday, driven by renewed spot ETF inflows and continued accumulation by large investors.
The rally, however, proved short lived. Bitcoin retreated to around $64,750 on Thursday before briefly recovering by roughly $1,000 on Friday morning.
Another rejection soon followed, continuing the pattern seen on recent Fridays. Selling pressure intensified after US President Donald Trump warned the European Union about the possibility of new tariffs, sending Bitcoin down by approximately $2,000.
Since then, the cryptocurrency has struggled to regain strength and was trading near $64,000 at the time of writing. Its market capitalisation has fallen to around $1.285 trillion, while its market dominance has edged higher to 56.3%.
Worldcoin Leads Market Decline
Worldcoin’s WLD token emerged as the biggest loser among major cryptocurrencies, dropping more than 10% to around $0.34. The decline came despite the project announcing a successful $52.5 million funding round aimed at expanding its World ID infrastructure.
Other notable underperformers included ONDO, which fell 7%, LIT with a 6.3% decline, and ZEC, which lost 6% as it slipped further below the $500 level.
Most large cap cryptocurrencies also posted modest losses. Ethereum dropped below $1,860, XRP traded beneath the key $1.10 support level, Solana declined to around $74, and HYPE slipped to $57.
Monero stood out as one of the few gainers on the day. The privacy focused cryptocurrency rose roughly 2.4%, lifting its price to around $365.
Overall, the cryptocurrency market shed approximately $20 billion in value over the past 24 hours, bringing the total market capitalisation down to about $2.28 trillion, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
