Bitcoin holds near $76K despite 3% dip; strong buying reflects market confidence
Synopsis
Bitcoin and Ethereum are holding steady near recent highs. Despite a minor dip, buying interest remains strong. The global crypto market cap has edged down, but trading volumes are up. Analysts suggest the market is in a risk-off mode, with institutional demand providing support. Near-term sentiment hinges on Bitcoin’s key support levels and macro economic cues.
Bitcoin traded near $76,800 on Tuesday, holding steady at higher levels against a level of $77,000 on Monday, registering a dip of 3% in the past 24 hours. The cryptocurrency was trading at $76,726 mark.
Ethereum went down 4% in the past 24 hours to trade at $2,284 level. Among the major altcoins, XRP, BNB, Solana, Dogecoin, Hyperliquid and Cardano fell up to 5% whereas Tron was up 0.1%.
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WazirX Market’s Desk said that despite a slight dip, buying interest remains intact, with the market continuing to absorb supply without major pressure, reflecting confidence at current prices.
Crypto TrackerTOP COINS (₹) Tether94 (0.28%)BNB59,020 (-0.42%)Bitcoin7,265,634 (-0.88%)Ethereum216,320 (-1.19%)XRP132 (-1.6%)
Ethereum is trading near $2,288, moving in a narrow range and price remains above key support levels, indicating steady demand as the market builds a stable base and looks for its next directional move, WazirX Market’s Desk further said.
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The global crypto market capitalisation edged down 3% to $2.57 trillion, according to .
The global crypto market cap is around $2.56 trillion, down nearly 3% in 24 hours, while volumes have risen over 17%, indicating that the decline is being driven by active selling and profit-booking rather than low participation, said Riya Sehgal, Research Analyst, Delta Exchange.
Sehgal further said that overall, the market is in risk-off mode. ETF inflows and institutional demand remain supportive, but near-term sentiment will depend on Bitcoin holding key support and macro cues such as oil, inflation expectations, Fed policy signals and US equity momentum.
In the past week, Bitcoin was up 1.5% whereas Ethereum was down nearly 1%. Among the major altcoins, XRP, BNB, Solana, Tron, and Cardano fell up to 2% whereas Dogecoin and Hyperliquid were up 4.5% and 0.4% respectively.
The spot market capitalisation is near $1.54 trillion and daily turnover is around $35-40 billion, Bitcoin dominance remained close to 59-60% which suggests that capital continued to cluster around the largest asset rather than rotate aggressively into smaller tokens said Vikram Subburaj, CEO, Giottus
Subburaj further said that Bitcoin approaches resistance. Exchange reserves also remain near multi-year lows. This means fewer coins are available for immediate sale despite the rise in realised profits.
What other analysts say
CoinSwitch Markets Desk
Bitcoin moved back below $77K as stalled US-Iran talks kept sentiment cautious, while higher oil prices added to broader market volatility. Even with this pullback, BTC is still up 14% over the past month, indicating that recent gains are largely intact.
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Akshat Siddhant, Lead quant analyst, Mudrex
Bitcoin briefly pulled back to the mid-$76,000 range as rising oil prices and renewed Iran-related tensions weighed on sentiment. However, the dip was quickly absorbed, with BTC recovering toward $77,500 on the back of strong institutional demand. Whales holding 1,000 – 10,000 BTC have increased their BTC exposure to 3.09 million, the highest since November 2025.
Harish Vatnani, Head of Trade, ZebPay
Ethereum is currently trading around $2,300 and continues to move in a recovery phase after the sharp fall seen earlier this year. The market has improved compared to February–March, but it is still not in a confirmed bullish trend. What we are seeing right now is a slow grind upward with repeated resistance, not a strong breakout. The broader structure remains cautious, with buyers trying to gain control but not fully succeeding yet.
(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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