In the past 24 hours, Bitcoin and Ethereum rose 0.5% and 2% respectively. Among the major altcoins, XRP, BNB, Solana, Dogecoin, and Cardano gained up to 2% whereas Tron and Hyperliquid fell 0.7% and 2% respectively.
Also Read | International funds deliver up to 50% returns in a year, subscriptions halted. Should investors book profits or stay invested? The institutional sentiment has softened, with $263 million in spot ETF outflows ending a nine-day inflow streak and the $80,000 zone remains key resistance as a breakout could trigger over $1.2 billion in short liquidations and shift momentum higher, said Akshat Siddhant, Lead quant analyst, Mudrex.A hawkish Fed or delayed rate-cut expectations may keep BTC under pressure toward the $75,000 support zone and the next key trigger is the April CPI report, which will signal whether rising energy costs are feeding into broader inflation, Siddhant further said.
The global crypto market capitalisation went up 0.2% to $2.57 trillion, according to CoinMarketCap. After a brief correction, Bitcoin price marked an intraday above $77,000, while Ethereum trades around $2,300, said CoinDCX Research Team.
Ethereum and Bitcoin were down 0.3% and 1% respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Cardano were down 3% whereas Dogecoin and Hyperliquid were up 6% and 0.5% respectively.CoinSwitch Markets Desk said Bitcoin is trading near $76.5K after a slight pullback, with weekend conditions contributing to the move and lower participation from institutions and liquidity providers led to thinner order books, making prices more reactive to smaller trades.
Focus now shifts to the Federal Reserve meeting, where rates are expected to remain unchanged. This is generally supportive as it keeps borrowing costs steady, CoinSwitch Markets Desk further said.
Here is what other expert say
Vikram Subburaj, CEO, Giottus
Bitcoin traded in a narrow band on April 29, holding near $76,300–$76,600, according to CoinMarketCap. The asset has struggled to reclaim momentum above the upper-$78,000 zone, keeping the broader structure range-bound. Market capitalisation remained close to $1.5 trillion, with volumes steady but not expanding meaningfully.
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WazirX Market’s Desk
Over the last 24 hours, Bitcoin traded around $76,500, indicating a slightly bullish trend, with steady support from key moving averages. Ethereum hovered near $2,300, with weaker momentum, suggesting a near-term sideways move.
Piyush Walke, Derivatives Research Analyst, Delta Exchange
Bitcoin slipped below $77,000 on Tuesday after another failed breakout attempt, as geopolitical tensions and caution ahead of key central bank meetings dampened risk appetite, with the cryptocurrency later falling under $76,000 and erasing the previous week’s gains. Bitcoin briefly climbed above $79,000 on Monday but failed to hold those gains as traders took profits after repeated resistance rejections. The broader market volatility intensified with Brent crude surging past $110 per barrel.
(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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