This pullback comes after strong weekly performances in both Bitcoin and altcoins, suggesting a cooling-off phase rather than a trend reversal.
$Bitcoin price retreated toward $90,700, giving back part of its recent gains. The move follows a fast run-up that pushed BTC into overextended territory, triggering profit-taking across spot and derivatives markets.
Despite the short-term decline, Bitcoin remains structurally strong on a weekly basis, and the pullback is currently viewed as technical consolidation rather than bearish continuation.
According to the latest market data, the following cryptocurrencies recorded the steepest losses over the past 24 hours:
Despite remaining positive on the weekly and YTD timeframe, $IP saw heavy short-term selling pressure.
The token pulled back after strong speculative momentum earlier in the week.
Still up nearly 60% over the past 7 days, the drop appears driven by profit-taking.
Privacy-focused coins underperformed as market sentiment cooled.
DASH continued to lag the broader market after failing to hold recent highs.
At this stage, the current move looks like a healthy correction following strong gains rather than a broader market breakdown. As long as Bitcoin holds key support near the $90K zone, the overall bullish structure remains intact.
Short-term volatility is expected as traders reassess positioning after the rally, with attention now shifting to whether buyers step back in at lower levels.
