In the past 24 hours, Ethereum went down 3% to trade at $2,045 level. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid and Cardano slipped up to 4% whereas Tron was up 0.3%.
Also Read | Equity mutual funds lose up to 48% on SIP investments in FY26. Have you added any to your portfolio?Despite steady institutional accumulation helping absorb selling pressure, overall sentiment remains cautious and for the recovery to sustain, bulls must step in to reclaim and hold above the $70,000 level, said Akshat Siddhant, Lead quant analyst, Mudrex.In the past week, Bitcoin and Ethereum were down 4.6% and 5% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid, and Cardano went down up to 7.5% whereas Tron was up 3%.
CoinDCX Research Team said $313M in crypto positions were liquidated in the past 24 hours, with longs accounting for the majority and the market sentiments remain ‘fear’ as the fear and greed index is around 35.
Riya Sehgal, Research Analyst, Delta Exchange said the crypto market is in a fragile equilibrium, with macro cues driving short-term price action more than internal fundamentals and temporary easing in geopolitical tensions offered a brief lift, but inflation concerns, elevated oil prices, and weak global risk sentiment continue to cap upside.
What other analysts say
WazirX Market Desk
Despite the recent pullback, Bitcoin continues to trade within a $50K–$70K range for nearly 50 days. While some see this as a bearish pattern, the steady support at lower levels and ongoing accumulation suggest the market remains strong beneath the surface.
Also Read | Sebi simplifies gifting of mutual funds. Here’s what it means for investors
Vikram Subburaj, CEO, Giottus
At this level, Bitcoin reflects a market that is stable but not yet showing breakout strength. Investors should stay disciplined and avoid overtrading near resistance. Wait for a stronger move above $70,000–$72,000 before increasing exposure. With ETF flows still mixed and the US rate outlook tight, a staggered and risk-managed approach is the wiser strategy.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.
