Bitcoin trades near $68,400, Ethereum below $2,000 as mild profit-taking follows weekend rally
Synopsis
Bitcoin trades around $68,355 after touching $70,000. Ethereum also saw a slight dip. Major altcoins like XRP and BNB showed gains, while Dogecoin fell. The crypto market cap is near $2.35 trillion. Bitcoin is consolidating, holding above key moving averages. Traders await a clear direction as prices move in a narrow band.
Bitcoin traded near the $68,400 level on Tuesday, while Ethereum slipped to $1,986 due to mild profit-taking following the weekend rally, during which Bitcoin touched the $70,000 mark.
Bitcoin and Ethereum both slipped nearly 1% over the past 24 hours. Among the major altcoins, XRP, BNB, Solana, Tron, Cardano, and Hyperliquid gained over 2%, whereas Dogecoin plunged 3%.
Also Read | Sunil Singhania-backed Abakkus Flexi Cap Fund hikes stake in Urban Company, SBI, 14 other stocks
Crypto TrackerTOP COINS (₹) BNB56,500 (1.83%)XRP134 (1.45%)Ethereum179,176 (0.98%)Tether91 (0.07%)Bitcoin6,188,078 (-0.21%)Bitcoin remains in consolidation as the RSI is near neutral levels, and the price is holding above key medium-term moving averages, indicating underlying stability, according to Nischal Shetty, Founder, WazirX. Ethereum shows relatively softer momentum, with RSI in the low-40s.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details »The global crypto market capitalisation slipped marginally to $2.35 trillion, according to .
Live Events
Bitcoin slipped slightly below $68K before recovering to $68.5K, extending its recent sideways movement between $65K and $70K over the past 10 days. On the downside, support liquidity remains around $66K–$67K, which will likely cushion any increase in volatility, as stated by CoinSwitch Markets Desk.
In the past week, Bitcoin and Ethereum were down by 2% and 4%, respectively. Among the major altcoins, XRP, Tron, Dogecoin, and Cardano gained over 7%, whereas BNB, Solana, and Hyperliquid slipped upto 2%.
Traders wait for a clear trigger to set direction as Bitcoin moves in a narrow band between $68,500 and $70,000. Despite a 9% weekly gain, follow-through buying has been limited, Akshat Siddhant, Lead quant analyst, Mudrex said.
Also Read | Silver and gold ETFs fall up to 4% as precious metals slide for second day. What’s next?
Market perspective
Vikram Subburaj, CEO, Giottus
Bitcoin is back in familiar terrain. It is trading in the mid-$68,000s, and rallies are repeatedly stalling near $70,000. This is a level that has shifted from ‘breakout line’ to ‘supply zone’ in just a few sessions.
On-chain signals reinforce the view that the market is locked in a range. So, there is a clear tendency for rallies to fade.
