Dogecoin Dives 8%, Pepe Down 12% in Weekend Crypto Sell-Off
Altcoins took a beating as traders digested renewed U.S.-China tariff tensions, Bitcoin whale sell-offs, and a broader risk-off mood.
$DOGE
What to know:Cryptocurrencies experienced significant losses over the weekend, with Dogecoin dropping over 8% and Pepe falling 12%.Bitcoin's price fell over 2%, trading just above $103,600, while the CoinDesk 20 index decreased by 4.2%.Analysts link the downturn to renewed U.S.-China trade tensions, with market volatility expected to continue.
Cryptocurrencies started the weekend in red with Dogecoin (DOGE) down over 8% to lead losses among majors and Pepe (PEPE) shedding 12%.
$PEPE
Bitcoin fell over 2% to under $104,000 and traded just over $103,600 in Asian afternoon hours Saturday, while the CoinDesk 20 index slumped 4.2% in the past 24 hours.
Ether (ETH) fell nearly 4%, xrp (XRP), BNB Chain (BNB), Cardano’s ADA and Solana’s SOL showed losses between 2-5%. Cronos Network’s CRO was the only gainer in the top 100 tokens with a 12% on no immediate catalyst.
Analysts attributed the downturn to renewed U.S.-China trade tensions.
"Markets went red on Friday on renewed tariff-related apprehensions," said Alex Kuptsikevich, chief market analyst at FxPro, told CoinDesk in an email. “President Trump accused China on social media of violating the recent trade truce, while Treasury Secretary Scott Bessent admitted in an interview that talks with Beijing had stalled.”
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