Crypto Markets Stabilize After Turbulence as Bitcoin Hyper Emerges
Cryptocurrency markets showed tentative signs of stabilization following last week's sharp downturn, which erased $70 million in Leveraged long positions. XRP led losses among major tokens with an 8.5% weekly decline, testing support at $1.71 while Ethereum failed to hold $2,850 resistance.
Bitcoin's retreat below $83,000 triggered cascading liquidations across altcoins. Yet regulatory progress in Washington provided some relief—the Senate advanced a market structure bill clarifying oversight between the CFTC and SEC, helping BTC maintain footing above critical levels.
Amid the volatility, presale projects continue attracting capital. bitcoin Hyper (HYPER) has raised $31.1 million as traders seek asymmetric opportunities. 'When blue chips stall, smart money rotates into high-conviction presales,' noted one OTC desk trader.