- The cryptocurrency market capitalization drops 4% to $3.3 trillion amid growing concerns about tariffs and global trade.
- Bitcoin rebounds after testing support slightly above $100,000, reflecting weak sentiment in the broader crypto market.
- Ethereum and XRP struggle to maintain a critical bullish structure amid subdued recovery on Friday.
The cryptocurrency market trades amid weak sentiment and declining interest from traders, as well as retail and institutional investors. Bitcoin’s (BTC) outlook has remained downside-heavy since reaching an all-time high of $111,980 on May 22. Meanwhile, the largest cryptocurrency by market capitalization hovers at around $103,477 at the time of writing on Friday, up almost 2% on the day following an over 3% drop on Thursday.
Leading altcoins Ethereum (ETH) and Ripple (XRP) have not been spared by the bearish wave crisscrossing the crypto market amid growing concerns about
