Crypto Market Continues Slide: Bitcoin Down 20% YTD, Altcoins See Deeper Drops

• The crypto market's brief bounce after geopolitical easing was short-lived, with a weak broader trend persisting.
• Bitcoin has fallen approximately 2-3% weekly and over 20% year-to-date.
• Major altcoins like Ethereum, Solana, and Cardano have experienced even steeper declines, dropping 25-30% this year.
• The total cryptocurrency market capitalization has significantly decreased from $4.4 trillion to below $3 trillion.
• Tron stands out as the sole outperformer, showing gains attributed to strong USDT usage linked to Iran’s forex activities.