Bitcoin recovers from brutal selloff — but these altcoins stay down

Market Overview - Bitcoin experienced significant volatility, dropping to nearly $60,000 before recovering to over $70,000, trading at approximately $69,000 by Saturday morning [1] - Major digital tokens, particularly privacy coins, faced substantial losses following a market selloff [1] Major Losers - Monero, a privacy coin, fell nearly 31% over the week, recently priced at $325 after a slight recovery [2] - World Liberty Financial, backed by President Trump, also lost over 31% of its value, trading just above $0.10 [2] - Dash and Zcash, once favored privacy coins, saw declines of 19% and 22% respectively, with Zcash still up nearly 650% year-over-year [4] Other Affected Altcoins - The memecoin Official Trump (TRUMP) dropped 23% this week, trading at $3.39 [5] - Solana, a competitor to Ethereum, experienced the largest decline among major cryptocurrencies, down over 24% and trading at just over $86 [6] - Ethereum also suffered, down nearly 22% and trading at approximately $2,051 [6] Market Dynamics - The crypto market faced turmoil due to the liquidation of billions in leveraged bets and investor concerns over Trump's Federal Reserve chair nomination of Kevin Warsh, known for his inflation hawkishness [7] - The volatility was not limited to cryptocurrencies, as precious metals and stocks also experienced increased fluctuations [7] Recent Market Movements - Bitcoin saw a slight increase of nearly 1% over the past 24 hours, trading at $69,122 [8] - Ethereum rose by 4% in the same timeframe, reaching $2,051 [8]