Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Crypto majors slid sharply, reversing all of last week’s gains, with BTC down 6% to $85,800, ETH down 6% to $2,820, BNB falling 7% to $822, and SOL dropping 7% to $127. Among top movers, MYX (+15%) and JST (+4%) led the market. More than $650 million in positions were liquidated over the past day, including $580 million in longs after BTC dipped below $86,000. ZEC suffered the steepest decline among major tokens, falling 20% to $355 and 35% on the week. Meanwhile, Tether founder Paolo Ardoino again addressed the latest wave of Tether FUD, reiterating that the company is not at risk of insolvency. In regulatory developments, China’s central bank reaffirmed that crypto remains illegal and signaled a coming crackdown. Robinhood announced a partnership with Susquehanna to launch a new CFTC-licensed exchange, paving the way for a major expansion into prediction markets. Pavel Durov revealed Cocoon, a new decentralized confidential compute network where GPU operators earn TON rewards. JPMorgan also entered the spotlight with a new structured BTC-linked product that offers investors a minimum 16% yield—up to 50% depending on BTC’s performance—with downside protection of up to 30%.
💡 DMK Insight
Crypto majors just took a nosedive, and here’s why that matters: traders need to brace for volatility. With BTC now at $85,800 and ETH at $2,820, the sharp reversals are a clear signal that market sentiment has shifted. This drop wipes out last week’s gains, indicating potential weakness in bullish momentum. Traders should be cautious, especially if BTC fails to hold above the $85,000 support level. A breach here could trigger further selling, pushing prices down to the next support around $80,000. On the flip side, the minor gains in MYX and JST suggest that not all assets are correlated with the major downturn, hinting at potential opportunities in altcoins. Keep an eye on the $650 million in liquidations; that kind of volume can lead to cascading effects across the market, especially if leveraged positions are forced to close. Watch for any bounce-back attempts in the next few days, as they could indicate whether this is a temporary dip or the start of a deeper correction.
📮 Takeaway
Monitor BTC’s support at $85,000 closely; a break could lead to further declines, while altcoins like MYX may offer hidden opportunities.
