TL;DR
- Bitcoin is trading near $89,700 with a daily gain of 0.24%, as the crypto market scales back risk and shows weak directional conviction.
- Market capitalization is hovering around $3.1 trillion, and the Fear & Greed Index sits in the 24–27 range, reflecting defensive decision-making.
- Ethereum shows relative strength near $3,150, but altcoins remain weak and stablecoins concentrate more than $75 billion in daily volume.
Bitcoin remains stable near $89,700, posting only a minimal 0.24% move over the past 24 hours, as the crypto market enters a cautious phase marked by low conviction and limited risk appetite.
Total market capitalization stands around $3.1 trillion and continues to move sideways. There are no signs of forced selling, but there is also no aggressive accumulation. The Fear & Greed Index remains around 24–27, a range that reflects persistent fear and defensive behavior among traders. In this environment, capital prioritizes preservation over directional exposure.
Bitcoin is holding its range, but without momentum. After several failed attempts to break through resistance in the $93,000–$94,000 zone, the price has rotated back around $90,000, a level that continues to alternate between short-term support and resistance. Daily trading volume exceeds $29 billion, pointing to steady but moderate activity, with no clear signs of fresh capital entering the market. Bitcoin’s dominance remains above 57%, confirming that it continues to absorb relative flows compared to altcoins.
Ethereum is behaving differently. It is trading in the $3,130–$3,150 range after rising 1.5% and has managed to hold onto its weekly gains, outperforming Bitcoin on shorter timeframes. That strength has not translated into a broader altcoin rebound. It reflects selective rotation into large, liquid assets rather than a signal of a general market recovery.
The Crypto Market Awaits External Catalysts
The rest of the market remains under pressure. XRP, BNB, and Solana are posting weekly declines, and nearly 80 of the top 100 cryptocurrencies are recording daily losses. Stablecoins dominate trading activity: USDT and USDC together account for more than $75 billion in daily volume, a clear sign that capital is parked while the market waits for clarity.
From a technical perspective, the market’s average RSI sits around 43, a level associated with weak momentum but not oversold conditions. Analysts agree that Bitcoin maintains a bullish structure as long as it does not print a lower low, with $74,000 standing out as a critical support zone in the event of deeper corrections.
Attention now shifts to external catalysts. The market is watching monetary policy, spot ETF flows, and central bank decisions, with particular focus on Japan. Until one of these factors breaks the current compression, the crypto market is likely to remain range-bound, defined more by caution than conviction
