Bitcoin is back in the $67,000-$68,000 range. Altcoins have followed BTC’s lead, going on a downtrend. BNB is the only top coin that has shown strength among crypto prices today. Institutional exit seems to be behind the wary mood. The global crypto market cap is down 1.22% to $2.34 trillion.
Here is the latest crypto news and price movements based on CoinMarketCap data.
Bitcoin (BTC) price is down 1.25% in the last 24 hours at $67,788. Its market cap is at roughly $1.35 trillion, with over $41 billion in trading volume. Earlier this week, Bitcoin was dealing with heavy selling pressure from US BTC-spot ETF outflows, which have now hit a massive $2.52 billion in net outflows year-to-date.
CoinSwitch Markets Desk commented, “BTC saw strong ETF inflows this week, which helped lift prices earlier, but macro risk and profit-taking have capped gains. Sentiment remains cautious with the Fear & Greed Index in extreme-fear territory. Equities’ weakness, especially in tech, has kept crypto correlated with broader risk assets.”
Avinash Shekhar, Co-Founder and CEO, Pi42, took an optimistic stance. The CEO explained, “over the past 48 hours suggests underlying strength. After absorbing selling pressure earlier in the week, the market has stabilised above $66,500 with liquidity conditions holding firm, which indicates that the recent drawdown did not trigger systemic stress.”
Shekhar further added that the resilience of market infrastructure during volatility is a constructive signal for longer-term participants. What is particularly notable is that despite derivatives’ expiry creating short-term turbulence, spot demand has prevented deeper retracement. This suggests that capital is being redeployed. The $74,500 level now represents more than just technical resistance. It is a sentiment pivot. A decisive move above that zone could validate the recent rebound as the early stage of a broader bullish continuation.
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