📉 Price Update
$BTC Bitcoin and the broader crypto market are turning red today, with BTC falling near $68,000–$69,000 after failing to hold above the key $70,000 resistance level. Major altcoins like Ethereum (ETH) and $XRP XRP are also slipping.
CoinDesk +1
BTC’s recent trading reflects weaker investor demand and declining inflows into Bitcoin ETFs, dampening short-term bullish sentiment.
The Economic Times
The broader market sell-off saw Bitcoin, Ether, and XRP all slide after a weekend rally, with BTC down nearly 2–3% today.
Barron's
📊 Why Bitcoin Is Falling (Market Drivers)
Key support levels broken: BTC recently lost strength around key price zones (~$69,000) and couldn’t reclaim $70K.
The Economic Times
Macro uncertainty: Investors are cautious ahead of major economic data, including U.S. inflation and Fed policy minutes that could impact risk assets.
CoinDesk
ETF sentiment slowing: Reduced inflows into Bitcoin ETFs may reduce buying pressure that previously supported prices.
The Economic Times
📌 What This Means for Traders
Short-term downside risk remains as BTC tests support range near $68K or lower.
Volatility is high: Crypto markets remain reactive to macroeconomic news and shifting risk appetite.
Traders often watch key chart levels like $70,000 resistance and support near the $65,000–$68,000 range.#BTCFellBelow$69,000Again#CPIWatch BTCFellBelow$69,000Again#WriteToEarnUpgrade