Crypto Market Faces Continued Downturn Amid Global Risk-Off Sentiment

Major Cryptocurrencies Experience Significant Losses

The cryptocurrency market has been under considerable pressure recently, with major digital assets recording substantial weekly losses. Bitcoin (BTC) declined by 11.04% to US$91,675.69, while Ethereum (ETH) dropped 14.22% to US$3,011.28 ¹

. Other major cryptocurrencies also experienced significant declines: XRP fell 15.35% to US$2.11, Solana (SOL) decreased 8.61% to US$142.09, and Binance Coin (BNB) lost 6.63% to US$900.03 ¹

Source 1

https://investasi.kontan.co.id/news/aksi-jual-membesar-pasar-kripto-dibayangi-bear-market-hingga-2026

.

Market Sentiment and Investor Behavior

The recent downturn in the crypto market is primarily attributed to heightened global risk aversion. As global economic uncertainty increases, investors are becoming more cautious, leading to large-scale selling in the crypto market. This risk-off sentiment has been the dominant factor driving market dynamics in recent weeks ²

.

Technical and Market Analysis

Fyqieh Fachrur, an analyst at Tokocrypto, confirmed that the global crypto market is indeed under pressure, validating the bearish trend observed in recent market movements. The continued selling pressure and negative market sentiment suggest that the crypto market may remain bearish in the near term ¹

.

Comparative Analysis of Crypto Assets

The decline was widespread across major crypto assets:

• Bitcoin (BTC): 11.12% drop to US$91,709.24 ²
  Source 2

  https://investasi.kontan.co.id/news/harga-aset-kripto-tertekan-sentimen-risk-off-global-menyeret-sinyal-bearish
• Ethereum (ETH): 13.87% drop to US$3,017.46 ²
  Source 2

  https://investasi.kontan.co.id/news/harga-aset-kripto-tertekan-sentimen-risk-off-global-menyeret-sinyal-bearish
• XRP: 14.98% drop to US$2.11 ²
  Source 2

  https://investasi.kontan.co.id/news/harga-aset-kripto-tertekan-sentimen-risk-off-global-menyeret-sinyal-bearish
• Solana (SOL): 9.67% drop to US$141.48 ²
  Source 2

  https://investasi.kontan.co.id/news/harga-aset-kripto-tertekan-sentimen-risk-off-global-menyeret-sinyal-bearish
• Binance Coin (BNB): 6.83% drop to US$900.41 ²
  Source 2

  https://investasi.kontan.co.id/news/harga-aset-kripto-tertekan-sentimen-risk-off-global-menyeret-sinyal-bearish

The consistent decline across multiple major cryptocurrencies indicates a broad-based market downturn rather than an isolated asset-specific issue.

Market Outlook

The current market conditions suggest that the crypto market may continue to face challenges in the near term. The prevailing risk-off sentiment and negative investor outlook are likely to keep the market under pressure. Analysts are cautioning that the bear market could persist potentially until 2026, depending on how global economic conditions evolve ²

.