Major Cryptocurrencies Drop 11% Over the Past Week as Mutuum Finance (MUTM) Reports $20.6 Million Raised
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The post Major Cryptocurrencies Drop 11% Over the Past Week as Mutuum Finance (MUTM) Reports $20.6 Million Raised appeared first on Coinpedia Fintech News Major cryptocurrencies have declined between 7% and 11% over the past week as bitcoin remains confined to a $60,000–$70,000 range, trading near $62,900 and struggling to establish upward momentum. Ethereum, XRP, Solana and dogecoin have underperformed, reflecting broader risk aversion and elevated sell-side pressure across the market. Analysts warn that bitcoin’s prolonged inability to break higher is increasingly tilting the short-term technical outlook toward the bears. Amid this environment, on-chain data also show selective capital flows into specific projects. While large-cap assets consolidate under macro and technical pressure, newer utility-focused protocols such as Mutuum Finance (MUTM) have continued to report inflows, highlighting a divergence in positioning during the broader market slowdown. Bitcoin, Ethereum and Altcoins Record 7–11% Weekly Declines Major cryptocurrencies declined between 7% and 11% over the past week as bitcoin remained locked inside a $60,000–$70,000 trading range. Bitcoin traded near $62,900 on Tuesday, down 2.1% on the day and roughly 7.5% on the week, extending a gradual downturn that has yet to produce either a decisive breakdown or a sustained rebound. Ethereum fell about 8% over the same period to around $1,829, while XRP dropped 10.8%, Solana lost 11.3%, and dogecoin retreated nearly 10%, reflecting broader weakness across large-cap altcoins. On-chain data indicate elevated sell-side pressure, particularly among altcoins, where distribution has reached five-year highs according to CryptoQuant. The current decline has been characterized by steady structural selling rather than sharp liquidation events, resulting in a slower drawdown that has not triggered aggressive dip-buying activity. Analysts note that bitcoin’s inability to reclaim higher levels is shifting the short-term technical bias toward the downside, with a break below the mid-$65,000 area potentially confirming further weakness,…
Filed under: News - @ February 25, 2026 8:28 pm