Bitcoin slips to $67,000, Ethereum near $2,018 as cautious mood weighs on crypto market
Synopsis
Bitcoin and Ethereum prices are showing caution. A large options expiry is expected to bring short-term volatility. Despite strong Bitcoin ETF inflows, profit-taking and macro risks are capping gains. The global crypto market capitalization has eased. Investors are advised to consider staggered accumulation near support zones.
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Bitcoin slipped to $67,000 whereas Ethereum traded near $2,018 on Friday, reflecting cautious sentiment across the market. The cryptocurrency was trading at $67,781 and Ethereum was trading at $2,047 mark.
Over the past 24 hours, both Bitcoin and Ethereum declined by 1%. Among the major altcoins, XRP, Solana, Tron, Dogecoin, Cardano edged down 3% whereas BNB and Hyperliquid gained 0.1% and 3% respectively.
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Crypto TrackerTOP COINS (₹) BNB57,462 (0.77%)Tether91 (0.11%)Bitcoin6,172,032 (-0.69%)Ethereum186,098 (-0.83%)XRP128 (-2.39%)The market is bracing for a large $8.9 billion BTC/ETH options expiry that could add short-term volatility and influence price swings, according to CoinSwitch Markets Desk. Bitcoin saw strong ETF inflows this week, which helped lift prices earlier, but macro risk and profit-taking have capped gains.
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View Details »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.
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The global crypto market capitalisation eased 0.7% to $2.35 trillion, according to .
Bitcoin price consolidates around $67,500, stabilising after a strong recovery from the lows below $64,000, the broader market continues to display strength with Ethereum’s price sustaining above $2000, and the border market continues to remain under extreme fear, CoinDCX Research Team said.
In the past week, Bitcoin and Ethereum were up 1.02% and 5.57% respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Cardano gained over 7% whereas Hyperliquid was down 0.89%.
Akshat Siddhant, Lead quant analyst, Mudrex said while short-term price action appears subdued, the broader structure suggests momentum is gradually rebuilding for the next move higher. Bitcoin spot ETFs have recorded over $506 million in net inflows, helping stabilize prices and signalling a return of cautious institutional accumulation.
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Vikram Subburaj, CEO, Giottus said that Bitcoin is in a narrow consolidation band and it reflects a market that has stabilised but not yet regained clear upward momentum.
The price action suggests range-bound trading after the volatility seen earlier in the week and long-term investors may consider staggered accumulation (SIP-style allocation) near support zones rather than deploying lump sums at resistance, according to him.
(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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