In the past 24 hours, Bitcoin was down 0.1% and Ethereum was up 0.5% to trade at $2,132 mark. Among the major altcoins, BNB, XRP, Solana, Dogecoin slipped up to 1% and Tron, Hyperliquid and Cardano gained up to 4%.
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WazirX Market’s Desk said Bitcoin and Ethereum declined in the past 24 hours influenced by detereorating global macroeconomic conditions. Japan reported stronger-than-expected Q1 GDP growth, while the IMF slightly raised its UK 2026 forecast which has given the market a long term sliver of hope.
Crypto investment products recorded $1.07 billion in net outflows last week, the third-largest weekly outflow of the year. Bitcoin funds saw $982 million in redemptions and Ether products $249 million, ending a six-week inflow streak, WazirX Market’s Desk further said.
The global crypto market capitalisation went up 0.1% to $2.56 trillion, according to CoinMarketCap. According to a survey, institutions are set to increase crypto holdings this year allocating more than 5% of AUM to crypto, surging from 18% to 29% by the end of 2026, said CoinDCX Research Team.
In the past week, Bitcoin and Ethereum were down 5% and 8% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin and Cardano corrected up to 12% whereas Tron and Hyperliquid were up 2% and 15% respectively.
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Avinash Shekhar, Co-Founder & CEO, Pi42 said Bitcoin is trading above the $76,000 range after facing sharp rejection from the $82,000 zone, as rising macro uncertainty and geopolitical tensions continue to pressure market sentiment and the recent decline comes amid renewed concerns around U.S.-Iran developments and fading momentum following Bitcoin’s strong rally earlier this month.
Shekhar further said that weak ETF demand and continued resistance near higher levels have also contributed to the recent pullback, keeping Bitcoin under pressure in the short term.
Market perspective
Riya Sehgal, Research Analyst, Delta Exchange
Bitcoin slipped below $77,000 after repeated rejection near the key $82,000–$83,000 resistance zone, aligned with the 200-day moving average. Going forward, crypto markets will remain sensitive to US inflation data, Fed rate expectations, ETF flows, and geopolitical developments. The broader structure still reflects corrective consolidation rather than a confirmed trend reversal.
CoinSwitch Markets Desk
Bitcoin stayed volatile as Trump’s Iran warning first pushed prices toward $76K before a delayed strike helped it recover near $77K, easing immediate geopolitical pressure.
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Vikram Subburaj, CEO, Giottus
On-chain indicators continue showing mixed signals. Glassnode data suggested long-term holders were still realising profits at roughly $180 million per day. However, this remains significantly below previous cycle distribution peaks.
(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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