BTC has nearly halved (-47%) from its lifetime peak of $126,198.07, hit six months ago on October 7, 2025.
Meanwhile, altcoins like Ethereum (ETH), Tether, XRP, BNB and Solana traded flat (9:50 India time), though the bias was mildly positive.Bitcoin tumbled sharply on Thursday after US President Donald Trump indicated he would intensify strikes against Iran in the coming weeks, denting optimism about any resolution to the month-long crisis. Bitcoin dropped as much as 3.6% to $65,709 in New York trading, Bloomberg reported. Ether fell as much as 5.7% and Solana dropped by a similar magnitude.Commenting on the current trends, Riya Sehgal, Research Analyst at Delta Exchange, said crypto markets remain under pressure as macro uncertainty and geopolitical risks continue to drive a risk-off tone across global assets. Bitcoin is consolidating near the $66,000-$67,000 range after repeated rejection around $70,000, indicating supply overhead and a pattern of lower highs on lower timeframes, she said.
She sees macro headwinds weighing on the markets amid elevated oil prices, a firm US dollar and persistent geopolitical tensions, thereby eroding risk appetite and keeping crypto highly correlated with equities. “ETF flows remain inconsistent, reflecting cautious institutional positioning. Near term, markets may stay range-bound with a bearish bias, while a sustained recovery would require stronger macro stability alongside key technical reclaim levels,” Sehgal said.
A decisive break below $65,000 could open room towards the $63,000-$64,000 zone, she said, adding Ethereum remains relatively weaker, struggling below the $2,080-$2,120 resistance band and trading under key moving averages, with downside risk towards $1,920 if momentum fails to recover.Decoding the charts, WazirX Markets Desk said BTC oscillators remain neutral, while moving averages indicate short-term selling activity.
“Price action reflects a pause, with overall market structure staying strong and participation supporting the broader trend,” it said in a note.
As for Ethereum, the $2,050 level holds balanced momentum across technical indicators. However, moving averages remain slightly tilted towards sell signals. ETH holds firm, backed by consistent network activity and steady market participation.
“In altcoins, AI and big data show strong momentum. RENDER leads gains with a 9.47% rise and NMR increased by 8.66%. In the infrastructure segments, Cartesi (CTSI) surged 106.7% and CHEQ by 18.1%,” WazirX Markets Desk said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
