Bitcoin dropped by nearly 8% over the week, sliding from an all-time high around $
124K to $113,643 today.
Ethereum provided support to the broader crypto market, rising close to 3% to $4,289 in the past 24 hours.
Analysts point to recovery signs, noting that many major cryptocurrencies have gained over 4% in a single session.
Market observers from CoinSwitch and Unocoin suggest the momentum may be reversing, signaling a cautious bu
t potential rebound.
On intraday trading, Bitcoin was hovering just below the $114K mark, reflecting lingering caution among investors.
Key resistance levels are identified at $116.7K–$118.2K, with a breakout above potentially confirming renewed bullish sentiment.
The global crypto market capitalization stands near $3.86 trillion, supported by continued interest in alternative tokens.
Despite today’s dip, upbeat price moves in altcoins suggest resilience is returning to the crypto space.
Institutional “dip-buying” is gaining traction, bolstering sentiment as markets await clarity from upcomi
ng global events.
With Powell’s speech and global macro signals looming, Bitcoin’s immediate future hinges on policy cues and renewed momentum.