Bitcoin slips to $67,000, Ethereum near $2,018 as cautious mood weighs on crypto market

Bitcoin and Ethereum prices are showing caution. A large options expiry is expected to bring short-term volatility. Despite strong Bitcoin ETF inflows, profit-taking and macro risks are capping gains. The global crypto market capitalization has ea...

ETMarkets.com
Bitcoin saw strong ETF inflows this week, which helped lift prices earlier, but macro risk and profit-taking have capped gains.
Bitcoin slipped to $67,000 whereas Ethereum traded near $2,018 on Friday, reflecting cautious sentiment across the market. The cryptocurrency was trading at $67,781 and Ethereum was trading at $2,047 mark.

Over the past 24 hours, both Bitcoin and Ethereum declined by 1%. Among the major altcoins, XRP, Solana, Tron, Dogecoin, Cardano edged down 3% whereas BNB and Hyperliquid gained 0.1% and 3% respectively.

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The market is bracing for a large $8.9 billion BTC/ETH options expiry that could add short-term volatility and influence price swings, according to CoinSwitch Markets Desk. Bitcoin saw strong ETF inflows this week, which helped lift prices earlier, but macro risk and profit-taking have capped gains.

Sentiment remains cautious with the Fear & Greed Index in extreme-fear territory. Equities weakness, especially in tech, has kept crypto correlated with broader risk assets.

The global crypto market capitalisation eased 0.7% to $2.35 trillion, according to CoinMarketCap.
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Bitcoin price consolidates around $67,500, stabilising after a strong recovery from the lows below $64,000, the broader market continues to display strength with Ethereum's price sustaining above $2000, and the border market continues to remain under extreme fear, CoinDCX Research Team said.

In the past week, Bitcoin and Ethereum were up 1.02% and 5.57% respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Cardano gained over 7% whereas Hyperliquid was down 0.89%.

Akshat Siddhant, Lead quant analyst, Mudrex said while short-term price action appears subdued, the broader structure suggests momentum is gradually rebuilding for the next move higher. Bitcoin spot ETFs have recorded over $506 million in net inflows, helping stabilize prices and signalling a return of cautious institutional accumulation.

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Vikram Subburaj, CEO, Giottus said that Bitcoin is in a narrow consolidation band and it reflects a market that has stabilised but not yet regained clear upward momentum.

The price action suggests range-bound trading after the volatility seen earlier in the week and long-term investors may consider staggered accumulation (SIP-style allocation) near support zones rather than deploying lump sums at resistance, according to him.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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