Bitcoin holds near 64000 dollars as Ethereum lags

Bitcoin traded near 64000 dollars while Ethereum underperformed amid weakening risk appetite. The global crypto market capitalization fell 2 percent to 2.19 trillion dollars.

Bitcoin remained close to 64000 dollars as overall market conditions showed limited movement. Its realized volatility stayed near multi-year lows, which points to a market that could see sharper shifts ahead.

Ethereum traded below key support levels and lagged behind Bitcoin. Market sentiment rose briefly after regulatory updates but later declined.

The broader crypto sector reflected subdued investor interest with no major gains across major assets.

Makala yanayohusiana

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Picha iliyoundwa na AI

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Bitcoin dropped to its lowest level since late March, trading near $65,000 as selling pressure intensified. The decline coincided with rising oil prices and weakness in U.S. stocks following Middle East developments. Ethereum also fell sharply, testing support near $1,800.

Bitcoin traded near $77,000 on Thursday, signaling a mild bullish trend, while Ethereum hovered around $2,300 with neutral momentum. Crypto markets posted modest gains over the past 24 hours despite mixed weekly performance. Analysts cite resistance at $80,000, ETF outflows, and macroeconomic pressures as key factors tempering short-term sentiment.

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Bitcoin reached its lowest price in 21 months early Thursday, with both Bitcoin and Ethereum posting monthly drops exceeding 20 percent. Prediction market participants anticipate additional declines in the near term.

Bitcoin has risen to its highest level in seven weeks. Ether has also advanced past $1,900 for the first time in more than seven weeks.

Imeripotiwa na AI

Bitcoin dropped below $75,000 on May 23 for the first time since mid-April, sparking nearly $1 billion in liquidations across crypto markets. The decline followed more than $2 billion in outflows from U.S. spot Bitcoin ETFs over two weeks.

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