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Top Crypto News This Week: Bitcoin Drops, Monero and Zcash Rally Ahead of Circle Earnings
Top Crypto News This Week – The crypto market ended last week on a mixed note as leading digital assets like Bitcoin (BTC), XRP, and Cardano (ADA) posted losses, while privacy tokens such as Monero (XMR), Zcash (ZEC), and Dash (DASH) saw impressive gains.
Bitcoin Under Pressure as Market Cap Dips
Bitcoin’s price struggled to maintain upward momentum, falling from a November high of $111,000 to a low of $98,860. The broader crypto market capitalization also declined, settling around $3.4 trillion. Analysts suggest that the correction follows weeks of strong performance earlier in the quarter.
Circle Earnings Take the Spotlight
One of the most closely watched events in the crypto market this week will be the earnings report from Circle Internet, the company behind USDC and EURC stablecoins. Circle’s stock has fallen over 65% from its all-time high as investor enthusiasm cools and USDC’s market capitalization stalls around $75 billion.
According to data from Artemis, USDC’s transaction volume dropped 24% in the last 30 days to $2.4 trillion, while the number of active addresses fell 6% to 13.2 million and transactions decreased by 8%.
Despite the slowdown, analysts expect Circle’s upcoming results to show quarterly revenue growth to $700 million. However, concerns remain about its December lock-up expiry and the potential impact of lower interest rates on earnings.
Major Token Unlocks Ahead
The week will also see significant token unlocks across several major blockchain projects. Aster, a fast-growing perpetual exchange backed by Changpeng Zhao (CZ), will release 200 million tokens valued at over $210 million, reaching about 25% total unlocked supply.
Other upcoming unlocks include Linea (2.88 billion tokens worth $35 million), Starknet (163 million tokens), Zebec Network (1.04 billion tokens), and Sei, which will unlock tokens valued at $21 million. Smaller projects such as Chainbase, Boba Network, and Gods Unchained will also see token releases this week.
As the market digests these unlocks and Circle’s results, traders are watching closely to see whether Bitcoin’s dip below $100K marks a short-term pullback or the start of a broader consolidation phase.
