Bitcoin has once again failed to sustain a position above the psychologically significant $70,000 level, sliding to a low of $68,666 after a brief weekend bounce that saw it touch $72,000. The flagship cryptocurrency is currently holding near $69,500, reflecting a marginal daily change of +0.35%.
The recent price action follows a dramatic correction that began in late January. Bitcoin, trading near $90,000 on January 28, plummeted to $60,000 by the following Friday—a $30,000 drop in less than 200 hours, marking its lowest level in over a year. A swift rebound recovered $12,000 in under a day, but the advance has since stalled in the $71,000–$72,000 resistance zone.
Ethereum experienced a sharper decline, falling 8.8% at one point to hit $1,902. It is now trading just above $2,000, down approximately 1.5% on the day. Other major altcoins are also stabilizing with minor losses: XRP is hovering near $1.41 (down 2.5%), Solana is around $84 (down 1%), Dogecoin is near $0.093 (down 1.6%), and BNB sits just above $620 (down 1.2%). TRON shows no variation at $0.278.
Despite the range-bound price action, institutional investment vehicles are seeing inflows. Bitcoin ETFs recorded net inflows of $145 million on Monday, while Ethereum ETFs added another $57.05 million. The broader crypto market remains in a state of consolidation, with a total market capitalization stable near $2.36 trillion. Bitcoin's market cap stands at approximately $1.39 trillion, maintaining a dominance of close to 57% over altcoins.
The market's sideways movement and failed recovery attempts come as traders await major U.S. economic releases. This cautious sentiment is mirrored in traditional markets, where the Dow Jones Industrial Average hit another all-time high, rising 200 points as investors rotate out of tech stocks and into traditional financial names like Goldman Sachs and American Express.
Over the past 24 hours, the market has recorded $249.25 million in liquidations, underscoring the ongoing volatility and uncertainty.
