June 11: Major cryptocurrencies traded in positive territory during the latest session, with investors witnessing a modest rebound in prices. However, the broader trend remained weak as most digital assets continued to post sharp losses on weekly, monthly, and year-to-date bases.
Bitcoin, the world's largest cryptocurrency, rose 0.85% to trade near $61,963, adding 520 points during the session. Despite the daily gain, Bitcoin remained down 2.82% over the week and 23.02% over the month.
Ethereum advanced 0.73% to $1,631.65, while Binance Coin (BNB) gained 0.68% to $590.40. Both tokens continued to reflect significant declines on longer-term performance metrics.
Among major altcoins, Solana emerged as the strongest performer of the day, climbing 1.88% to $64.31, followed by Cosmos, which gained 1.67%, and Algorand, up 1.31%.
On the downside, Polygon was the only major token in the table trading marginally lower, slipping 0.14%.
The data highlights the disconnect between short-term buying interest and the broader bearish trend in the crypto market. Most leading cryptocurrencies have fallen between 20% and 57% year-to-date, while annual losses remain substantial across the sector.
