Crypto Prices Today: Bitcoin Slips Below $68,000, Ethereum Tests $1,950

Crypto Price Today: Bitcoin Trades Below $68,500, Ethereum Tests $1,950 as Global Market Cap Stands at $2.33 trillion
Crypto Prices Today: Bitcoin Slips Below $68,000, Ethereum Tests $1,950
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The total cryptocurrency market capitalization stands at $2.33 trillion, marking a 0.73% decline over the last 24 hours. The broader market is facing selling pressure after a slight rebound above $70,000. Price action suggests cautious positioning as traders reassess risk exposure.

While volatility has cooled slightly compared to earlier sessions, derivatives data indicate defensive leverage adjustments, signaling that participants are reducing aggressive directional bets.

Bitcoin (BTC): Slips Below $68,000

Bitcoin is currently trading around $67,688, down 1.11% over the past 24 hours. BTC briefly attempted to reclaim $68,000 but failed to hold above that level, signaling persistent overhead supply.

Immediate resistance is seen near $67,800-$68,500, followed by a broader supply zone around $69,500-$70,200. On the downside, key support lies near $66,000, with a deeper demand zone around $64,800 if selling pressure intensifies.

Derivatives data show Bitcoin open interest at $44.32 billion, up 2.22%, suggestingtraders are increasing positions and volatility could expand soon. Funding rates stand at 0.0029%, reflecting a near-neutral bias in the futures market.

Spot Bitcoin ETFs recorded approximately $104.87 million in net outflows, indicating institutional caution amid selling pressure.

Ethereum (ETH): Tests $1,950 

Ethereum is trading near $1,994, up 0.30% in the last 24 hours. ETH struggled to maintain levels above $2,000 and is now consolidating near key support.

Immediate resistance stands at $2,020-$2,080, while a stronger supply zone remains near $2,150. On the downside, initial support is seen around $1,950, followed by a more critical base near $1,880 if bearish momentum builds.

Ethereum derivatives open interest sits at $23.74 billion, up 1.59%, reflecting that traders are increasing their exposure. Funding rates have turned negative to -0.0019%, signaling traders are slightly leaning bearish on ETH.

Spot Ethereum ETFs recorded roughly $48.63 million in net inflows, showing institutional interest

Altcoins:

Solana (SOL)

SOL is trading at $85.03, down 1.59% on the day. Immediate resistance is seen near $88-$92, while key support lies around $82-$78.

Network activity and DeFi participation remain constructive long-term, but short-term price action remains closely tied to Bitcoin’s direction.

Avalanche (AVAX)

AVAX is trading at $9.06, down 1.78% in the last 24 hours. Immediate resistance is seen near $9.50-$10.20, while key support lies around $8.70-$8.20.

Subnet growth and institutional tokenization experiments continue to support medium-term narratives.

Chainlink (LINK)

LINK is trading at $8.84, down 0.72% on the day. Immediate resistance is seen near $9.20-$9.60, while key support lies around $8.50-$8.10.

Oracle integrations and real-world asset infrastructure developments remain key structural drivers.

Arbitrum (ARB)

ARB is trading at $0.1130, down 1.56% in the last 24 hours. Immediate resistance stands near $0.1200-$0.1280, while key support lies around $0.1080-$0.0980.

Layer-2 scaling adoption and ecosystem incentives continue to influence speculative flows.

Memecoins:

Bonk (BONK)

BONK is trading at $0.000006507, down 0.36% on the day. Immediate resistance is seen near $0.000006900-$0.000007400, while key support lies around $0.000006200-$0.000005800.

Volatility remains elevated as retail participation fluctuates alongside broader risk sentiment.

Dogwifhat (WIF)

WIF is trading at $0.2295, down 1.47% in the last 24 hours. Immediate resistance is seen near $0.245-$0.260, while key support lies around $0.210-$0.195.

Community-driven momentum continues to drive short-term price swings.

Market Outlook

The 0.73% decline in total crypto market capitalization to $2.33 trillion reflects cautious sentiment as traders reduce leverage and institutional flows temporarily soften.

Bitcoin must reclaim the $68,000-$69,000 region to restore short-term bullish structure, while Ethereum needs to regain momentum above $2,020 to stabilize broader altcoin sentiment. Until then, the market may remain range-bound with a slightly defensive bias.

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