According to analysts, the muted moves across large-cap tokens suggest investors are awaiting stronger macro triggers before taking aggressive risk positions
Crypto Market: Meanwhile, early signs of capital rotation are emerging as inflows into Bitcoin investment products resume, while some profit-taking appears to be occurring in gold
Analysts said inflows into US spot Bitcoin ETFs and improving risk appetite have supported the broader rebound in digital assets, lifting Ethereum, Binance Coin, Solana, and XRP alongside Bitcoin
If Bitcoin continues to defend the $67,000-$68,000 band, analysts said it would reinforce the argument that the market is building resilience and could gather momentum above $70,000
Analysts caution that near-term uncertainty persists due to derivatives expiries, macroeconomic risks, and continued correlation with broader risk assets
Globally, investor sentiment has shifted to extreme fear, leading to reduced risk appetite and capital rotation into safer assets such as precious metals, says Gracy Chen, CEO, Bitget
Broader market stability, analysts said, is likely to hinge on easing macro headwinds and a rebound in capital flows, conditions that remain elusive in the current environment
The flagship token briefly slipped below $68,000 before recovering to $68,500, maintaining a sideways range between $65,000 and $70,000 over the past ten days
A strong recovery in Bitcoin above $70,000, analysts believe, could help restore broader market confidence, while failure to hold current supports may trigger another wave of risk-off sentiment
Extreme volatility is nothing new to cryptocurrencies, but Bitcoin's slump from a peak of $126,000 in October last year comes despite the backdrop of a crypto-friendly White House and surging adoption
Macro conditions also weighed on sentiment. Analysts noted that risk appetite softened across global markets as investors reassessed the outlook for monetary easing