Crypto markets opened the week under pressure as traders moved to hedge against further downside, extending losses after a volatile weekend. Bitcoin (BTC) showed tentative signs of stabilizing below $70,000, changing hands around $68,851.36, but still fell more than 2.8% in the past 24 hours. That leaves it well above recent intra-month lows near $60,000, even as the market struggles to regain momentum after last week’s sharp sell-off. Ether (ETH) underperformed, sliding roughly 5% to about $2,024.34 but holding just above the psychological $2,000 level. The broad sell-off hit the largest tokens: the CoinDesk 5 Index (CD5), which tracks the five biggest cryptocurrencies, dropped 3.4% with all components in the red, while the wider CoinDesk 20 (CD20) index fell 3.7%. Market commentary remains divided. Bulls point to the slowing pace of declines as a sign of exhaustion and potential stabilization, while skeptics argue last week’s rout could mark the start of a deeper correction. Outside crypto, some software stocks began to rebound, which traders say eases fears of a broader market collapse and may temper further selling pressure in digital assets. Read more AI-generated news on: undefined/news