DOGE, ADA, XRP Update: Dogecoin, Cardano, and Ripple Experience 7% Drop in Weekend Sell-Off
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The crypto market turned red over the weekend, with Dogecoin (DOGE), Cardano’s ADA, and XRP each dropping over 7% as profit-taking set in after a strong week. Bitcoin fell from a daily high of $111,200 to just over $107,000 on Friday, resulting in a swift change in sentiment. This drop followed President Donald Trump's remarks that reignited concerns over a tariff war with the European Union — indicating a potential 50% levy as negotiations stalled.
Market capitalizations shed 5%, and the broad-based CoinDesk 20 (CD20), which tracks the largest tokens, fell 2.2% as traders sought to secure profits amid rising volatility. This shift in market dynamics occurred despite Bitcoin reaching fresh highs above $111,500 just days earlier, supported by ETF inflows, stablecoin legislation, and institutional buying. However, those same factors have not sustained altcoins in the short term.
“Bitcoin reaching a new all-time high also carries altcoins toward a bullish direction,” stated Haiyang Ru, co-CEO of HashKey Group, in a Telegram message. “But if BTC’s volatility increases again, traders may move toward regulated stablecoins — particularly with new frameworks in the U.S. and Hong Kong facilitating that transition.”
Alex Kuptsikevich, chief analyst at FxPro, noted that crypto sentiment has recently reached levels not seen since January, coinciding with BTC and ETH approaching critical resistance zones. “Unlike previous BTCUSD rallies, the current movement is driven not just by momentum but also by real demand and macroeconomic factors,” he remarked.
Still, markets are exhibiting signs of fatigue. Ethereum is struggling to surpass its 200-day moving average near $2,650, while altcoins that previously surged — such as HYPE and EIGEN — are now cooling off after experiencing double-digit gains. Analysts caution that without Bitcoin establishing a new support zone, losses in altcoins could deepen.
For now, the weekend pullback highlights the fragility of rallies in low-liquidity conditions and the swift turnaround in market sentiment.Feel free to adjust any further details as necessary!
