The cryptocurrency market has steadied after a recent correction, with Bitcoin trading slightly above $73,000. While major altcoins like Ethereum and Solana showed limited movement, Stellar (XLM) continued its standout performance, extending weekly gains to approximately 80%. The surge follows an announcement that the Depository Trust & Clearing Corporation (DTCC) will connect its tokenization service to the Stellar blockchain.
The cryptocurrency market has steadied over the past 24 hours following a weekly correction that pushed Bitcoin and most large-cap altcoins lower. Bitcoin’s price has recovered to trade near $73,400 after slipping below $73,000 earlier in the week.
Its market capitalization remains above $1.4 trillion. Weakening spot Bitcoin ETF flows, which have posted record outflows recently, may have contributed to the pressure.
The $73,000 zone is now a key area to watch for Bitcoin’s next directional move. A decisive loss of that level could trigger another leg lower, potentially toward $70,000.
Most large-cap altcoins posted relatively modest moves over the past day rather than sharp recoveries. Ethereum is trading close to $2,000, while Solana and XRP showed only limited changes.
Stellar (XLM), however, is in a completely different category. The altcoin has exploded by roughly 25% over the past day and is trading near $0.20, extending its weekly gains to approximately 80%.
The move comes shortly after DTCC announced that its tokenization service will connect with the Stellar public blockchain. The move is expected to support tokenized DTC-custodied assets, including stocks, ETFs, treasuries, and corporate bonds, with availability targeted for the first half of 2027.
Other notable performers for the day include LAB, up 37.5%, and Algorand’s ALGO, up 9.5%. XDC Network (XDC) also gained approximately 9%.
