Price Analysis

Crypto Prices Today: Bitcoin Below $70,000, Ethereum Faces Resistance at $2,100

Crypto Price Today: Bitcoin Below $70,000, Ethereum Near $2,100 as Global Market Cap Stands at $2.39 trillion

Bhavesh Maurya

The total cryptocurrency market capitalization stands at $2.39 trillion, posting a 1.47% decrease over the last 24 hours. After the recent volatility, the market is showing signs of consolidation as aggressive selling pressure fades.

While macro uncertainty and rate expectations continue to influence risk assets, calmer derivatives positioning and muted liquidations have helped stabilize sentiment. Traders remain cautious, with price action largely driven by technical levels and selective sector rotation rather than broad-based momentum.

Bitcoin (BTC): Consolidates as Volatility Compresses

Bitcoin is currently trading around $69,520, down 2.33% over the past 24 hours. BTC continues to consolidate, holding above short-term support zones as both buyers and sellers remain balanced.

Immediate resistance is seen near $71,800, followed by a stronger supply area around $73,000. On the downside, key support lies near $69,500, with a deeper demand zone around $67,200 if downside volatility returns.

Derivatives data show Bitcoin open interest steady at $45.40 billion, down 2.29%, suggesting deleveraging as traders are closing positions. Funding rates remain flat near 0.0018%, reflecting almost neutral positioning across major exchanges.

Spot Bitcoin ETFs recorded $165.85 million in net inflows, indicating renewed institutional participation amid uncertain macro conditions.

Ethereum (ETH): Struggles to Extend Gains Above $2,100

Ethereum is trading near $2,063, down 1.48in the last 24 hours. ETH remains range-bound, failing to decisively break above the $2,100 level as upside momentum weakens.

Immediate resistance is seen near $2,100-$2,130, while a broader supply zone sits around $2,260. On the downside, initial support lies near $1,980, followed by a stronger base around $1,880 if sellers regain control.

Ethereum derivatives open interest stands at $24.71 billion, up 1.34%, pointing to fresh position building. Funding rates are at 0.0008%, suggesting cautious near-term sentiment.

Spot Ethereum ETFs recorded $102.4 million in net inflows suggestions institutional capital’s return to ETH products. 

Altcoins:

Solana (SOL)

SOL is trading at $85.80, down 2.06% on the day. Immediate resistance is seen near $90-$94, while key support lies around $82-$78.

Ecosystem activity and rising DeFi volumes remain the primary drivers.

Avalanche (AVAX)

AVAX is trading at $8.90, down 2.86% in the last 24 hours. Immediate resistance is seen near $9.40-$9.80, while key support lies around $8.50-$8.00.

Subnets adoption and institutional pilots continue to support long-term interest.

XRP (Ripple’s Native Token)

XRP is trading at $1.43, down 1.03% on the day. Immediate resistance is seen near $1.48-$1.55, while key support lies around $1.38-$1.32.

Ongoing developments around cross-border payments and institutional adoption continue to influence price action.

Stellar (XLM)

XLM is trading at $0.1579, down 3.32% in the last 24 hours. Immediate resistance is seen near $0.162-$0.168, while key support lies around $0.150-$0.144.

Payments-focused use cases and real-world remittance partnerships remain key long-term catalysts.

Memecoins:

Pepe (PEPE)

PEPE is trading at $0.000003759, down 1.89% on the day. Immediate resistance is seen near $0.00000395-$0.00000420, while key support lies around $0.00000360-$0.00000330.

Retail sentiment and social engagement remain dominant drivers.

Dogwifhat (WIF)

WIF is trading at $0.2245, down 2.32% in the last 24 hours. Immediate resistance is seen near $0.240-$0.255, while key support lies around $0.215-$0.200.

Solana-based memecoin liquidity continues to dictate short-term moves.

Market Outlook

The 1.47% decline in total crypto market capitalization to $2.39 trillion suggests the market is continuing its downtrend rather than staging a directional move.

Bitcoin needs to hold above $69,500-$70,000 to maintain stability, while Ethereum must reclaim $2,100-$2,150 to revive broader altcoin momentum.

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