Dogecoin, XRP and Solana Hold Up Best as Crypto Suffers Its Worst Week in June

Bitcoin briefly slipped below $60,000 in the final week of June before dip buyers emerged, capping a volatile seven-day stretch driven largely by macro forces rather than crypto-specific news. Latest prices show Bitcoin at $59,873, Ethereum at $1,564, XRP at $1.04 and Solana at $70.37. What drove the selloff Markets came under pressure as investors priced in higher-for-longer interest rates, a firmer U.S. dollar, ongoing ETF outflows and broad deleveraging in derivatives. The slide intensified as more than $1 billion of long positions were liquidated, underscoring how leverage can amplify short-term moves. How major tokens performed Bitcoin's drop attracted demand around levels often linked to long-term accumulation. Avinash Shekhar, co-founder and CEO of Pi42, said the key takeaway was the support level rather than the decline itself. "What stands out is not the decline itself but where it found support," he told Coinpedia. Ethereum lagged the wider market, falling 9.84% over the week to $1,564. XRP was comparatively resilient, ending at $1.04 and losing less than many large-cap altcoins, with continued institutional interest tied to growth in spot ETF products. Solana also held up relatively well at $70.37, reflecting ongoing confidence in ecosystem development activity. Dogecoin finished down 11.97% at $0.073, consistent with its tendency to react quickly to shifts in sentiment. Capital flows turn selective Shekhar pointed to a broader change in market structure. "Capital is becoming increasingly selective," he said, arguing that investors are now differentiating between assets based on liquidity, institutional participation and ecosystem fundamentals—a departure from prior cycles where momentum often lifted the entire market. Bitcoin ETFs recorded $1.79 billion in weekly outflows, the second-largest weekly selloff since launch. On-chain tracking showed combined unrealised losses for Michael Saylor and Tom Lee reached $24.5 billion during the week. What to watch next Shekhar expects the next major move to hinge on institutional flow data, macro readings and monetary-policy signals. A return to ETF inflows, cooling inflation and improving global liquidity could help rebuild momentum. Until then, he sees markets staying rangebound and highly sensitive to economic data. "The broader picture, however, remains constructive," Shekhar said, citing ongoing institutional adoption, continued buildout of blockchain infrastructure and expanding real-world use cases despite near-term volatility. He added that consolidation phases are increasingly providing room for stronger fundamentals to take hold. Tags: Crypto news