The global crypto market opened the week on a cautious note as major coins continued to lose momentum. Bitcoin slipped further toward the $94,000 range, erasing most of its gains for the year after falling sharply from its October all-time high near $126,000. Ethereum also remained under pressure, hovering around $3,100 as risk appetite weakened across global markets. The decline is largely driven by reduced institutional buying, rising market uncertainty, and a broader “risk-off” sentiment influenced by delayed U.S. economic data and weak Asian market cues.
Despite the weakness in top coins, altcoins showed pockets of strength, with tokens like Pieverse jumping over 50% in the past 24 hours, signaling continued interest in DeFi and infrastructure projects even during a downturn. On the regulatory front, Singapore’s Monetary Authority (MAS) and Germany’s Bundesbank signed a new agreement focused on tokenization and cross-border settlements, marking an important step toward institutional adoption. Overall, today’s crypto environment reflects a mix of caution, volatility, and selective opportunities — a typical setup for sharp moves in the coming days.
Disclaimer: This article is for informational purposes only and should not be taken as financial or investment advice. Cryptocurrency markets are highly volatile—always do your own research before making any decisions.