Headline: Bitcoin and Ethereum wobble — traders rotate into gold-backed tokens and select altcoins After weeks of steady strength, the majors finally cracked: Bitcoin fell about 6% on the week and Ethereum slid roughly 10% — the first meaningful weekly declines for both this year. The bigger story, however, was how traders redistributed capital as cracks appeared: some rotated into defensive, gold-backed assets and LayerZero, while others hunted for standouts among mid-caps and niche plays. Here are the biggest moves and what they tell us. Top movers and takeaways - Kaia (KAIA) - Mid-week breakout gave way to heavy profit-taking: a sharp (>20%) single-day pullback left the token trading around $0.074 at press time (per TradingView). - Technicals: RSI fell from near-overbought into the mid-40s while MACD remained positive — bullish structure not yet fully broken. - Fundamentals: Kaia joined the Japan Blockchain Association and is building Project Unify with Line Next — an Asia-focused stablecoin hub for USD, JPY and THB inside a super app, targeted for late 2026. - Canton Network (CC) - Stood out in a weak market with a 36% rally, moving from about $0.12 to highs near $0.16 before consolidating. - Technicals: RSI ~ mid-50s and DMI favors buyers, suggesting the uptrend hadn’t reversed. - Market context: CC was the only major privacy coin to gain this week — an example of selective risk-taking by traders avoiding the broader privacy segment. - MYX Finance (MYX) - Jumped ~32% after its V2 upgrade launched on Jan. 22, rebounding from $5.3–$5.4 toward $7. - Technicals: RSI supportive and CMF flipped neutral — capital returning after a prior dip. - Upgrade highlights: portfolio margining, expanded cross-chain support, and a 10M MYX/ZKP airdrop. - Gold-backed tokens and LayerZero - Tether Gold (XAUT) +9% and PAX Gold (PAX) +10% as demand for gold exposure rose amid macro uncertainty. - LayerZero (ZRO) gained ~11% — evidence of capital rotating both into defensive assets and select high-conviction bets. - Underperformers and riskier segments - Ethena (ENA) extended its downtrend, down ~15% over several sessions and slipping below $0.18. RSI hovered near oversold and CMF signaled outflows; volume thinned, suggesting sellers remain in control. - Arbitrum (ARB) dropped close to 15% after breaking the $0.20–$0.21 area and drifting into the $0.17–$0.18 range. RSI fell into the mid-30s, keeping bearish momentum intact. - Artificial Superintelligence Alliance (FET) fell just over 8%, breaking down from ~$0.25 toward $0.22–$0.23; RSI <40 and MACD negative. The decline mirrored broader weakness across AI tokens, many of which saw double-digit losses. - Larger-cap declines: Solana ~-10%, Chainlink ~-11%, Sui ~-16%. What this week shows When BTC and ETH falter, the market doesn’t move in lockstep. This week highlighted two dominant behaviors: profit-taking (leading to sharp pullbacks in some names) and concentrated buying into perceived safe havens or assets with fresh catalysts. Selective strength — not blanket risk-on — was the theme. Bottom line and reminder Market structure is still evolving after these weekly losses. Use this as a cue to re-check risk exposure and position sizing rather than reacting emotionally to headlines. Do your own research and manage risk — one volatile week doesn’t set the long-term narrative. Disclaimer: This content is informational only and not investment advice. Cryptocurrency trading is high-risk; always DYOR before making financial decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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