Crypto Market Continues to Show Weakness in Short Term

The cryptocurrency market has been struggling to maintain consistent confidence in recent weeks, with price action showing sustained weakness in the short term. Major cryptocurrencies have posted notable declines, with Ethereum leading the pack at -7.54% and Litecoin showing relatively more stability.

Looking at the past ten weeks, the market continues to trade well below levels seen at the end of 2025, maintaining a dominant bearish bias in the medium term. Solana has been the most affected cryptocurrency, with a decline of -43.06%, while Litecoin shows a significant drop of -28.42%.

Bitcoin, as the market benchmark, has shown increased volatility compared to previous weeks, with a weekly move of around $4,300. However, this volatility has not been positive, as the price has fallen below the 70k level and is now approaching 65k, levels not seen since early March.

From a correlation standpoint, cryptocurrencies have once again shown strong alignment with Bitcoin, with correlation coefficients above 0.8, indicating a high positive correlation over the past 20 sessions. However, this correlation does not reflect a structured recovery, but rather a shared weakness across the market.