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.
Over the last 24 hours, the broader crypto market saw small increases, though weekly trends remained inconsistent, highlighting persistent volatility (The Economic Times). Bitcoin's approach to $77,000 reflects cautious optimism among traders, but no major catalysts were identified for the uptick.
Key headwinds include formidable resistance near $80,000, recent ETF outflows, and broader macroeconomic concerns, all contributing to current price consolidation. Altcoin movements are also under scrutiny as the market navigates these dynamics.
