Key Highlights:
- Bitcoin falls 0.71% to $65,820
- Ethereum declines 1.21%; BNB down 0.81%
- XRP, Cardano and Solana lead losses among major altcoins
- Polygon gains 2.39%, the only major token in green
- Uniswap jumps 13.29% on a weekly basis
- Most cryptocurrencies remain sharply lower on YTD and annual metrics
June 16: The cryptocurrency market witnessed profit booking in early trade, with major digital assets trading in the red despite maintaining positive gains over the past week.
Bitcoin, the world's largest cryptocurrency, declined 0.71% to $65,820, shedding 468 points. Despite the day's weakness, Bitcoin remained up 6.77% on a weekly basis, indicating continued investor interest following recent recovery attempts.
Ethereum fell 1.21% to $1,773.40, while Binance Coin (BNB) slipped 0.81% to $612.70.
Among major altcoins, XRP recorded one of the steepest declines, dropping 1.70%, followed by Cardano (-1.42%) and Solana (-1.35%). Solana, however, remained one of the strongest performers over the past week with gains of 12.43%.
Uniswap emerged as the top weekly gainer among the listed cryptocurrencies, surging 13.29% over the last seven days, while Cosmos advanced 9.48% and Ethereum gained 8.29% during the same period.
In contrast, Polygon was the only major token trading in positive territory during the session, rising 2.39%.
While weekly momentum remains constructive, longer-term performance indicators continue to highlight challenges for the sector. Most leading cryptocurrencies remain down between 20% and 50% year-to-date, with several altcoins posting losses exceeding 60% on a yearly basis.
