Altcoins Crushed as Bearish Sentiment Sweeps Crypto Markets

41, putting its performance in the last seven days up by roughly 9%. 5% in the last 24 hours, with ZEC trading at around $570. For context, the asset is up 60% over the past month and nearly 970% across the last year, so the daily move looks less alarming against that backdrop.

Meanwhile, WLFI’s 8% dip added to a difficult stretch for the token, which hit a new all-time low in late April after crashing 16% in one day. It has had to navigate a controversial lock-up proposal, a lawsuit by Tron’s Justin Sun, and continued scrutiny over ties to the Trump family. It Wasn’t All Red Despite the losses mentioned above, the weekly picture looked different for some tokens.

50 level, although it pulled back nearly 8% on Tuesday alone. Another gainer was Hyperliquid’s HYPE token, which went up 25% per Santiment’s data. 012 on Tuesday after climbing almost 55% for the week and over 44% in the last 24 hours alone.

Separate data from Santiment posted on the same day showed that bearish crowd expectations have been building for about 10 days now, with the firm noting that this kind of collective lean toward caution has historically heralded price recoveries, considering that markets tend to move against the crowd’s prevailing mood. But traders will have to wait and see whether that plays out this time, especially with Bitcoin still stuck below $77,000 and struggling to break above its descending 200-day moving average near $80,000.

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