Bitcoin demonstrated remarkable stability with prices consolidating near the $118,000 level, contrasting sharply with significant losses across the altcoin market. Curve DAO Token (CRV) spearheaded the downturn, plummeting nearly 10% to $0.9520 as traders locked in profits following its recent 50% weekly surge.
The sentiment extended across alternative cryptocurrencies, with Fartcoin (FARTCOIN), Sonic (S), Sui (SUI), and Litecoin (LTC) all registering notable declines between 6% and 8%. This widespread altcoin correction indicates a broader market cooldown phase.
Despite the drop, CRV retains substantial market influence with a capitalization exceeding $1.29 billion and $493 million in trading volume over 24 hours, underlining its pivotal role in decentralized finance ecosystems. Market analysts interpret Bitcoin’s price equilibrium and the altcoin pullback as signals of potential capital rotation rather than a bullish reversal, as traders recalibrate positions across token categories.