Bitcoin stays near $64K, Ethereum underperforms as weak risk appetite keeps crypto markets under pressure
Bitcoin traded near the $64,000 mark and Ethereum underperformed as weak risk appetite kept crypto markets under pressure. The cryptocurrency and Ethereum were trading at
Bitcoin traded near the $64,000 mark and Ethereum underperformed as weak risk appetite kept crypto markets under pressure. The cryptocurrency and Ethereum were trading at $63,965 and $1,856 respectively.In the past 24 hours, both Bitcoin and Ethereum were down 2% respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano corrected up to 3%.Also Read | Explained: Thinking about building a Rs 1 crore corpus? Here's how much you should invest through SIPs The global crypto market capitalisation edged down 2% to $2.19 trillion, according to CoinMarketCap.Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin’s one-year realized volatility is near 42%, while the broader Bitcoin implied-volatility gauge is around 37, close to multi-year lows and this divergence between subdued historical movement and low options pricing points to a tightly coiled market, where the next decisive macro or liquidity catalyst could trigger a meaningful expansion in volatility.Technically, Bitcoin remains constructive above the $64,100–$64,700 demand zone, although repeated rejection near $66,500–$67,200 shows fading upside momentum.
Ethereum is comparatively weaker below $1,880–$1,890, with $1,790 acting as the key structural support, Sehgal further said.In the past week, Bitcoin was down 0.03% and Ethereum was up 0.6%. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano fell up to 4% whereas Tron was up 2%.Nischal Shetty, Founder, WazirX said crypto markets
ended the week on a steady note, with Bitcoin trading in the $64,500-$66,300 range and Ethereum fluctuating between $1,860 and $1,930. “Market sentiment improved early in the week on the back of positive regulatory developments and sustained institutional participation, although renewed geopolitical tensions later prompted a modest pullback.”Also Read | Edelweiss MF to launch India's
first REITs-oriented index fund; Radhika Gupta calls it a simpler way to invest in real estate Ethereum continued to outperform on the back of record staking participation and growing institutional accumulation, Shetty further said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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