The crypto market started the week under pressure, with Bitcoin dipping below $63,000 again on Monday, even touching $62,200 for the second time in days. Over the past 24 hours, BTC traded near $63,057, down 0.44%, while the weekly decline reached 3.23%. Ethereum held around $1,862, down 4.12% for the week, and XRP fought to stay above the $1.05 support level, losing 2.92% over the same period. Solana slid to $72.98, down 4.37%, and BNB was above $584. The total crypto market capitalization fell to $2.17 trillion, a 0.32% daily drop, as 24-hour liquidations plunged nearly 60% to $95.89 million. The Fear & Greed Index remained in “fear” territory at 34.
A major security incident added to the gloom: a fourth wave of Coldcard wallet attacks compromised 462 addresses, draining approximately 388.9 BTC. Meanwhile, Iran denied plans to reopen the Strait of Hormuz and even claimed a strike on an Amazon data center, dampening earlier relief sentiment triggered by President Trump’s canceled attacks and promise of a new Hormuz deal. The previous business week saw Bitcoin defend $64,000 and briefly spike to $65,600, but the Fed’s decision to hold rates unchanged at the FOMC meeting failed to sustain bullish momentum. A fresh leg down sent BTC to $62,400, and Sunday’s relief rally was capped at $63,700.
Altcoins mirrored the weakness. Ethereum, rejected at $1,980 in late July, now struggles below $1,850. XRP’s $1.05 level has become a key battlefield; holding it could spark a rebound, analysts note. Pi Network’s PI token stood out over the weekend with 5–6% gains, but the rally faded on Monday, dropping over 5% to under $0.084. MemeCore and Algorand managed slight green candles, while BEAT crashed 24% and ONDO shed 6%. Overall, the crypto market shed around $40 billion in a day, sinking to $2.220 trillion on CoinGecko.