In the past 24 hours, Ethereum was up 2% to trade at $2,046 level. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, and Cardano gained up to 2% whereas Hyperliquid was down 3%.
Also Read | Silver & gold ETFs gain over 119% in FY26. Time to add, rebalance or book profits for FY27?The global crypto market capitalisation went up 0.86% to $2.32 trillion, according to CoinMarketCap.Harish Vatnani, Head of Trade, ZebPay said that historically, sharper drawdowns tend to take longer to recover from, meaning a deeper fall could potentially push a full recovery timeline out to as late as Q2 2027.
Vatnani further said that on the flows side, spot Bitcoin ETFs have broken their four-week inflow streak, recording net outflows of $296.18 million for the week ending Friday which comes after a strong run of over $2.2 billion in inflows across the previous four weeks, which had already started slowing down last week.
After making a new all-time high of $126,199, Bitcoin witnessed a sharp fall, with the price plunging nearly 46% to currently at $67,472 mark, according to CoinMarketCap.In the past week, Bitcoin and Ethereum were down 1.5% and 0.9% respectively. Among the major altcoins, BNB, XRP, Solana slipped nearly 4% whereas Tron, Dogecoin, and Hyperliquid also gained up to 4%.
This could be the very first time in Bitcoin’s history that we see the first 3 months and 2 consecutive quarters in red, said CoinDCX Research Team.
Riya Sehgal, Research Analyst, Delta Exchange said Crypto is trading in a classic risk-off, consolidation-heavy environment right now. Bitcoin’s failure to sustain above the $68,800 zone, after rejection from the broader $70,500–$71,200 area, shows that upside momentum is still capped unless bulls can reclaim key resistance with conviction.
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Market perspective
Vikram Subburaj, CEO, Giottus
Bitcoin was trading around $67,000 on March 30 and the intraday range was between $65,033 and $67,218. BTC is still range-bound rather than in a confirmed breakout. Around 60% of the circulating supply is currently in profit. This is above the typical capitulation band of sub-50 percent and below the 70-75 percent range that is usually associated with a bull market.
CoinSwitch Markets Desk
BTC is currently moving in a range between $65K–$67K after a recent dip, as US–Iran tensions keeps investors cautious. Rising oil prices above $103 have added to inflation worries, pushing bond yields higher and reducing expectations of rate cuts. This environment is weighing on crypto.
Akshat SIddhant, Lead quant analyst, Mudrex
Bitcoin is consolidating near $66,500 after finding support around the $65,000 level. Short-term weakness followed the $14 billion options expiry and $296 million in weekly ETF outflows, ending a four-week inflow streak. Looking ahead, the Fed Chair’s speech and upcoming U.S. jobs data for March will be key catalysts that could shape Bitcoin’s near-term direction.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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