Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Cryptocurrency sectors saw a broad decline over the past 24 hours, with Layer 2 tokens leading losses after a strong run-up. The Layer 2 sector dropped 4.46%, led by steep falls in Merlin Chain (-16.8%), Zora (-7.58%), and Mantle (-5.43%). Bitcoin slipped 1% to $113,800, while Ethereum fell 2.5% below $4,000. Among outliers, Hedera rose 6.05% ahead of its expected Nasdaq ETF listing, and Trump-themed meme coins gained nearly 10%. However, analysts remain positive on the short term future of the market. “The combination of easier monetary policy and a calmer global backdrop creates a powerful setup for Bitcoin and other cryptocurrencies, which thrive in periods when liquidity is abundant and sentiment is improving,” said Markus Levin, co-founder of XYO.
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