“US Treasury yields remained near multi-year highs, while Brent crude stayed above $108, keeping inflation concerns elevated. Markets continued to price in a near-term Fed rate hike, supporting the dollar and tightening global liquidity. China’s industrial production remained resilient, but weak retail sales and investment signaled uneven growth, while softer UK labor data pointed to slowing demand. For crypto, these forces may restrain risk appetite, though resilient underlying demand keeps the broader macro outlook balanced rather than decisively bearish.
Bitcoin trades near $75,547 in a neutral-to-consolidative daily structure, with RSI near 48, indicating balanced momentum. Immediate support sits around $73,500-$75,000, while resistance lies near $76,200-$77,300. Holding support could stabilize momentum; a loss may expose $71,900-$73,100, while reclaiming resistance would improve the short-term structure.
Ethereum trades near $2,395 in a neutral daily structure, with RSI near 50, showing balanced momentum. Immediate support lies around $2,375-$2,390, while resistance sits near $2,430-$2,470. The $2,400 level remains psychologically important. Holding support could preserve stability, while sustained strength above resistance would improve the structure toward $2,500.
The Digital Asset Market Clarity Act failed to advance in the US Senate, falling short of the 60 votes required to move the bill forward. The setback delays comprehensive US crypto market-structure legislation, keeping regulatory attention on the SEC and CFTC and adding another source of near-term policy uncertainty for crypto markets.
Global risk appetite remained cautious. In Asia, the Nikkei, Hang Seng, Shanghai, and Sensex declined, while KOSPI and Singapore posted modest gains. US sentiment was also softer, with the Dow, S&P 500, and Nasdaq lower and the VIX slightly higher. Gold slipped marginally, while oil eased 0.67% but remained above $105. For crypto, the mixed cross-asset backdrop suggests investors remain selective rather than fully risk-off, supporting continued interest despite macro uncertainty.
US spot Bitcoin ETFs recorded $159.9 million in net inflows, led by BlackRock’s IBIT at $134.3 million, while Ethereum ETFs attracted about $121 million, with ETHA contributing $80.5 million. Despite steady institutional buying, Bitcoin remained near the mid-$75,000 range and Ethereum around $2,400-$2,480. The muted price response suggests ETF demand is being partly offset by macro uncertainty, profit-taking, derivatives positioning, and broader liquidity conditions, delaying a stronger spot-market reaction.”