Bitcoin trades near $73,000, Ethereum around $2,200 as crypto market awaits macro cues
Synopsis
Bitcoin and Ethereum are trading near $73,000 and $2,200 respectively, awaiting macro cues. The crypto market saw gains in the past 24 hours and week, with major altcoins also surging. Investor interest remains steady despite cautious sentiment, supported by institutional flows into U.S. spot Bitcoin ETFs.
Bitcoin traded near the $73,000 mark and Ethereum around $2,200 as the crypto market awaited macro cues. The cryptocurrencies were trading at $73,786 and $2,256 level respectively on Monday.
In the past 24 hours, Bitcoin and Ethereum gained 3% and 7.6% respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid gained upto 8%. The global crypto market capitalisation went up 3.21% to $2.51 trillion, according to .
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Crypto TrackerTOP COINS (₹) Ethereum209,270 (7.19%)XRP137 (4.64%)Bitcoin6,819,130 (3.06%)BNB62,835 (3.05%)Tether92 (-0.3%)Nischal Shetty, Founder, WazirX said Bitcoin’s price stability around the $70K range reflects steady investor interest even as markets watch global macro signals such as inflation expectations, oil prices, and possible central bank decisions.
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View Details »Macroeconomic commentary, particularly from policymakers, has recently influenced sentiment and helped stabilize risk assets, including cryptocurrencies, Shetty further said.
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In the past week, Bitcoin and Ethereum went up 9.44% and 13.51% respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid surged upto 23%.
Bitcoin moved higher in after-hours trading, briefly nearing $72,000 before easing slightly. Bitcoin is now on track for its seventh consecutive green daily candle, which would mark its strongest close since March 4. Despite the recovery, market sentiment is still cautious, said Harish Vatnani, Head of Trade, ZebPay.
Market perspective
CoinSwitch Markets Desk
Bitcoin briefly moved above $73K but was quickly rejected, pulling back toward the $70.5K–$71K range. On-chain data shows mid-sized whales selling around 16K Bitcoin, while larger investors and other whale groups stepped in to buy, absorbing much of the selling pressure
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Vikram Subburaj, CEO, Giottus
The asset moved within an intraday band of roughly $71,295 to $73,074. The price action suggests a market that has stabilised after last week’s volatility. Institutional flows also remain a support factor. U.S. spot Bitcoin ETFs posted net inflows of about $180.4 million on March 13. This was the last regular trading session before the weekend.
(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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