Cryptocurrencies showed a decline: the total market capitalization dropped 1.4%, returning to around $2.97 trillion. Bitcoin traded near $86,900, unable to sustain above $90,000 during another recovery attempt, while Ether fell about 1.5% to $2,927.
Overall Crypto Market Decline
The market retreated amid unsuccessful attempts at sustained recovery: over several sessions, Bitcoin failed three times to maintain gains above $90,000, increasing pressure on investor sentiment. At the same time, some altcoins experienced more significant drops — Solana declined nearly 3%, and XRP lost about 2%, with Dogecoin also recording notable losses.
This dynamic partially mirrors recent price movements, where brief spikes were followed by failed recoveries; more details on the prior stabilization can be found in the article Bitcoin Stabilization, which discussed similar episodes.
Contrast with the Stock Market
The cryptocurrency decline coincided with stock market gains: global indices reached new highs, with MSCI’s All Country World Index up 21% year-to-date. This created a clear contrast — capital is shifting toward assets currently perceived by the market as less risky.
The rise in stock indices was accompanied by limited trading volumes in the crypto market ahead of holidays, further increasing volatility and making rebounds less sustainable.
Expert Opinions
Alex Kuptsikevich, Chief Analyst at FxPro, noted increased seller control: repeated rebounds failed to hold, indicating heightened selling pressure and changing behavior among major players. According to him, large market participants are acting more cautiously, preferring measured sales over sharp retail impulses.
Kuptsikevich also linked the current pressure to a reassessment of risk appetite by investors; he warned of the risk of further market weakening and potential spread of risk aversion to other assets, which heightens participant caution.
Investment Outflow Data
Flow data shows investors are retreating: CoinShares recorded $952 million in outflows from global investment products over the week, ending a three-week streak of inflows. Bitcoin funds saw withdrawals of $460 million, Ether products lost $555 million, while XRP and Solana funds received inflows of $63 million and $49 million, respectively.
A detailed view of inflows and outflows can be found in the article on Cryptocurrency ETFs, where these movements are discussed in the context of fund flow structures.
Why This Matters
For miners, any noticeable price drop reduces ruble revenue from mining, especially if you sell mined coins in the short term. Meanwhile, large outflows from funds and selling pressure increase the likelihood of ongoing volatility, complicating income and sales planning.
Even if the stock market is rising, it doesn’t guarantee support for cryptocurrency prices; shifts in investor risk appetite affect liquidity and order book depth, impacting the ability to quickly sell coins at favorable prices.
What to Do?
Monitor key indicators: Bitcoin and Ether prices, fund flows, and trading volumes. For miners with 1–1000 devices, it’s crucial to understand how market changes affect your daily revenue and decisions on selling mined coins.
Practical steps: optimize electricity and maintenance costs, avoid panic selling during short-term pullbacks, stagger sales over time if you need to convert coins to rubles, and keep reserves to cover variable expenses. For additional analysis on Bitcoin’s decline, see the overview Why Bitcoin Is Falling.