Bitcoin (BTC) recovers slightly, trading above $62,500 at the time of writing on Thursday after three consecutive days of losses earlier this week.
BNB (BNB), formerly known as Binance Coin, continues to extend its losses, trading below $585 at the time of writing on Wednesday, having corrected over 3% so far this week.
Ripple (XRP) and Stellar (XLM) are extending losses on Tuesday as both lose momentum. Broader market bearish sentiment and uncertainty, with Bitcoin (BTC) back to $70,000, add to downside pressure, while the biased wipeout of long positions in the derivatives market confirms a sell-side dominance.