The cryptocurrency market started the week positively, with altcoins such as SPX6900 (SPX), Internet Computer (ICP), and AB showing strong gains on Monday.
Bitcoin recovered from last Thursday’s flash crash and maintained a price above $105,000 on Saturday, supporting the rise in altcoins.
The meme coin SPX surged nearly 8% on Sunday after an 8% increase on Saturday, completing a bullish weekend. At press time, SPX trades around $1.25, showing little movement after a 22% rally last week.
Ethereum Faces Selling Pressure Below $2,500
Ethereum (ETH) traded just under $2,500 on Friday amid net selling of 117,000 ETH across exchanges. This selling followed a sharp drop of over 7% on Thursday triggered by a public dispute between former US President Donald Trump and Tesla CEO Elon Musk.
The increased inflows of ETH into exchanges mark heightened selling pressure on the top altcoin, signaling cautious investor sentiment.
Ripple Eyes $2.50 After Rebound
Ripple (XRP) rebounded to about $2.17 on Friday after a broader market sell-off on Thursday, which caused the overall crypto market cap to fall 4% to $3.4 trillion.
Despite a 9% drop on Thursday, XRP’s recovery suggests bullish momentum may continue into the weekend, with buyers targeting a rise to $2.50 supported by improving market sentiment.
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