This week in coins: Ethereum continues to sink as a crypto market

It was another uninspiring week for Bitcoin, with the top crypto asset cutting sideways to enter the weekend below $64,500, posting another 2.6% loss over the past seven days.

Microstrategy is even more frustrating if explained how it is. He bought another 786 million dollars in BTC This week, the company's founder said he never intended to sell. However, the interest in micro-strategy was defeated by the onslaught of sales from others Long-term Bitcoin wellincluding German government.

CryptoQuant mentions that it is a broader crypto market It starts to lose speed Due to lack of interest from new investors. Well, most of the momentum based meme coins like PEPE, DOGE, SHIB and WIF are down 5%, 9%, 13% and 25% respectively for the week.

Toncoin also lost some of its momentum from last week, dropping 10% after previously hitting highs for projects in the gaming ecosystem. It remains a top ten crypto by market value, and only has $300 million to go Dogecoin.

Countering the market movement to some extent is Ethereum. Ethereum spot ETFs are trading at $3,492, hovering within a percent of their price seven days ago. Several asset managers have now disclosed their fees on ETFs, and even Bitwise He published an advertisement Introducing ETH to an old school TV audience.

Solana—Ethereum's top smart contract competitor—wasn't as lucky, dropping another 6 percent this week to $134.92.

One of the top flights of the network Trump based memecoinsDJT hit the headlines this week with a $110 million market cap and rumors that it was started by the Trump team itself. After one of the former president's legal advisers Confirmed That the coin was not launched by Trump or his descendants.

Even crypto stocks have not been able to keep up with their momentum this week. Coinbase ( COIN ) fell 8%, MicroStrategy ( MSTR ) was down 1.96% and DeFi Technologies ( DEFTF )—rising after buying bitcoin earlier this month— 29.9% was created This week, after crypto reports spread online skepticism about the company.

The negative progress from altcoins this month has many analysts saying that the crypto bull market is likely It's already over. Still, BitMEX co-founder Arthur Hayes this Thursday doubled down on his bullish theory that now is the time to get into shitcoins and monkeys. “Buy the annoying pony.” – Before the international money printers go brr.

Prices as of 3 a.m. ET Edited by Ryan Ozawa.