Bitcoin is currently at $76,839.13, down 1.86% on the day. Market cap is approximately $1.54 trillion. Trading volume over the last 24 hours stands near $26 billion. BTC has pulled back roughly 7% from its May high of $82,850.
Speaking about the current market scenario, Akshat Siddhant, Lead Quant Analyst, Mudrex, said that Bitcoin found support near $76,000 after a pause in geopolitical tensions triggered a quick risk-on rotation. He pointed to Strategy’s purchase of 24,869 BTC as a key factor that helped absorb recent selling pressure.
He further added, “Markets are now focused on the upcoming FOMC minutes, which could provide clarity on the Fed’s stance toward future rate cuts. Investors are also closely watching Kevin Warsh’s expected transition as Fed Chair, with his initial comments likely to influence market direction. Currently trading at the $76,800 level, bulls must defend the $75,500 support to avoid further downside risk.”
Riya Sehgal, Research Analyst, Delta Exchange, noted that below $77,000 after repeated rejection near the $82,000-$83,000 resistance zone. That zone lines up with the 200-day moving average. BTC is now trading below its 20, 50, 100, and 200 EMA cluster on the 4-hour chart. Momentum is weak. “Immediate support stands near $75,000-$75,500, followed by $73,000. A reclaim above $78,800 is needed to restore short-term strength and reopen the path toward $82,000,” she said.
She also flagged that Ethereum is underperforming, trading near $2,113 after rejection from the $2,350-$2,420 resistance range. The $2,080-$2,100 band is now in critical support. Despite the price weakness, on-chain data still shows wallets holding over 100 BTC continuing to rise, pointing to quiet institutional accumulation.
Meanwhile, WazirX Market’s Desk shared, “Bitcoin is currently trading at $76,554 and Ethereum at $2,120. Both assets declined in the past 24 hours influenced by deteriorating global macroeconomic conditions. 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. XRP products attracted $67.5 million in fresh capital, and Solana funds attracted $55.1 million.”
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