Bitcoin dipped below $59,000, while ether neared $4,000, as investors sold cryptocurrencies for a second day.
"We are LIVE and BOOMING!," said the community behind the newly launched Lorde Edge coin.
The price of Decentraland, whose ticker is mana, peaked at $4.16 on Saturday. The ethereum-based token can be used to pay for virtual plots of land.
Ethereum and litecoin fell while meme-inspired altcoins dogecoin and shiba inu rose ahead of the bitcoin futures ETF approval.
It's "disconcerting" the agency has yet to provide regulations on the space, Peirce told Yahoo Finance Live.
Bitcoin-backed investment products saw a third straight week of inflows last week, at the expense of ether and altcoins.
Boost, Crypto.com CRO, Avalanche, and Polygon are among the altcoins that crypto market experts are watching as investors head into year-end.
"We've also seen this before from China ... but it has not prevented adoption of bitcoin and digital assets from continuing their upward trend," a trader said.
The smaller cryptocurrencies rallied sharply on Thursday, enjoying a swell of risk appetite after some concerns around the Evergrande debt crunch.
Insider has talked to several experts about which altcoins they like most, why they're bullish, and what they recommend others should be buying now.
Bitcoin hovered around $43,000 Tuesday as it recovered from a broad crypto sell-off prompted by fears of spillover from the Evergrande debt crisis.
JPMorgan's Nikolaos Panigirtzoglou questioned whether the hype around altcoins such as cardano's ada is justified by their likely uptake.
Cardano's big "alonzo" upgrade rolls out on Sunday and will usher in the network's ability to run a range of crypto applications.
Solana's sol token hit a record high on Thursday, outperforming other cryptocurrencies, as altcoins bounced back from a slump.
Investors piled a record amount of money into altcoins last week and solana's sol token was the biggest beneficiary.
Solana's sol token rose by almost 40% to a record high on Tuesday, driven by an ongoing boom in demand for assets with DeFi capabilities.
Link, bitcoin cash, XRP, dogecoin, dot and litecoin soared to new multi-month highs on Monday as investors opted for cheaper alternatives to bitcoin.