Price Analysis

Crypto Prices Today: Bitcoin Slips Below $64,000, Ethereum Tests $1,800

Crypto Price Today: Bitcoin Trades Below $64,000, Ethereum Near $1,800 as Global Market Cap Stands at $2.19 trillion

Bhavesh Maurya

The total cryptocurrency market capitalization stands at $2.19 trillion, marking a 1.72% decline over the last 24 hours. The market is showing selling pressure, with profit-taking visible across major assets while traders reassess positioning near key technical levels.

Volatility remains contained, but derivatives data indicate cautious short-term sentiment as leverage resets following recent rebounds.

Bitcoin (BTC): Slips Below $64,000

Bitcoin is currently trading around $63,189, down 2.38% over the past 24 hours. BTC faced rejection near the $67,500 region and has since drifted lower, losing short-term momentum.

Resistance is seen near $66,800-$67,400, followed by a stronger supply zone around $68,500-$69,200. On the downside, key support lies near $63,000, with a deeper demand zone around $60,800 if selling pressure accelerates.

Derivatives data show Bitcoin open interest at $44.28 billion, down 1.67%, indicating partial position unwinding. Funding rates stand at 0.0038%, reflecting a neutral-to-slight long bias in perpetual futures.

Spot Bitcoin ETFs recorded approximately $87.38 million in net outflows, signaling continued institutional caution.

Ethereum (ETH): Tests $1,800

Ethereum is trading near $1,829, down 1.32% in the last 24 hours. ETH is consolidating near short-term support after failing to sustain momentum above the $1,900 region.

Immediate resistance stands at $1,940-$1,980, while a stronger supply zone remains near $2,050. On the downside, initial support is seen around $1,800, followed by a more critical base near $1,750 if broader market selling intensifies.

Ethereum derivatives open interest sits at $23.48 billion, down 1.01%, reflecting cautious speculative positioning. Funding rates remain slightly negative at -0.0023%, indicating short-term bearish sentiment in perpetual futures markets.

Spot Ethereum ETFs recorded roughly $4.10 million in net outflows, reinforcing risk-off institutional positioning.

Altcoins:

Binance Coin (BNB)

BNB is trading at $591.24, up 0.6% on the day. Immediate resistance is seen near $605-$620, while key support lies around $575-$560.

Exchange ecosystem growth and BNB Chain activity remain supportive in the medium term, though price remains sensitive to broader Bitcoin direction.

Toncoin (TON)

TON is trading at $1.33, up 1.29% in the last 24 hours. Immediate resistance is seen near $1.40-$1.48, while key support levels are located around $1.25-$1.18.

Telegram ecosystem integrations and wallet expansion continue to shape longer-term sentiment despite short-term volatility.

Polygon (MATIC)

MATIC is trading at $0.1055, up 2.62% in the last 24 hours. Immediate resistance is seen near $0.112-$0.120, while key support levels are located around $0.098-$0.092.

Layer-2 adoption and enterprise partnerships remain central to its structural thesis.

Near Protocol (NEAR)

NEAR is trading at $0.9729, down 0.9% on the day. Immediate resistance is seen near $1.02-$1.08, while key support lies around $0.94-$0.88.

AI-focused narratives and ecosystem expansion continue to drive long-term interest in positioning.

Memecoins:

Pepe (PEPE)

PEPE is trading at $0.000003892, down 0.04% on the day. Immediate resistance is seen near $0.00000410-$0.00000430, while key support lies around $0.00000375-$0.00000360.

Speculative flows remain active as traders rotate liquidity within high-beta meme assets.

Floki (FLOKI)

FLOKI is trading at $0.00002768, down 0.31% in the last 24 hours. Immediate resistance stands near $0.00002950-$0.00003100, while key support lies around $0.00002650-$0.00002500.

Community-driven campaigns and ecosystem expansion efforts continue to influence short-term volatility.

Market Outlook

The 1.72% decline in total crypto market capitalization to $2.19 trillion reflects cautious sentiment as traders reduce leverage and await directional confirmation.

Bitcoin must reclaim and hold above the $66,000-$67,000 region to regain bullish momentum, while Ethereum needs to recover above $2,000 to strengthen the broader altcoin structure.

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