Weekly Crypto Market Analysis: Consolidation Phase Tests Investor Conviction as Major Alts Face Headwinds
The cryptocurrency market entered a consolidation phase this week with a modest -1.12% pullback in total market cap to $2.24 trillion, as Bitcoin and Ethereum showed resilience but failed to ignite fresh momentum. While privacy coins and select DeFi tokens surged, the broader market weakness—particularly in previously hot assets like Solana, Cardano, and Jupiter—signals growing selectivity among investors and suggests caution is warranted before assuming the recovery is firmly established.