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Sharp price swings, rising global uncertainty, and shifting investor sentiment are shaping today’s action
The cryptocurrency market is trading far lower than last week at press time, as heavy selling pressure continues across major digital assets. Global financial uncertainty and profit booking by large investors have created a cautious environment.
Bitcoin Price Today
Bitcoin is trading near $64,746 at the time of writing. The price is down $3,240, a drop of 4.76% from the previous close. During the day, Bitcoin reached a high of $68,215 and fell to a low of $64,388.
The price has now dropped below the important $65,000 level. This has increased short-term weakness. Large investors, often called whales, have sold part of their holdings. Some traders resorted to profit booking and exited to reduce losses. Over the past few weeks, Bitcoin has dipped nearly 28% from its recent high.
In India, Bitcoin is trading near Rs. 58.8 lakh, down by 4.6% from the previous day’s rate.
Ethereum Price Today
Ethereum (ETH) is also under pressure. It is trading at $1,859.89. The price is down $111.59, which is a fall of 5.66%. During the session, Ethereum touched a high of $1,981.94 and a low of $1,854.53.
Ethereum is trying to hold above the $1,850 level. If the price moves lower, more selling could happen. Data shows that some big holders reduced their positions, which added extra pressure.
In India, Ethereum is priced near Rs. 1.69 lakh, down about 5.5%.
Altcoins Also Falling
Other major coins are also down. Solana (SOL) is trading at $77.37 after falling $7.59, a drop of 8.93%. It moved between $85.49 and $77.37 during the day. In India, Solana is around Rs. 7,071, down roughly 8.2%.
BNB is trading near Rs. 53,396, down about 5.7%. XRP is priced between Rs. 122 and Rs. 126, showing a decline between 3% and 6%.
The weakness is seen across the entire cryptocurrency market, not just in one or two coins.
Why the Market is Down
The main reason for the fall is global uncertainty. Concerns about the United States trade policy have created a risk-off mood in financial markets. When investors become cautious, they often sell risky assets like cryptocurrency.
Bitcoin and Ethereum exchange-traded funds have also seen pressure this month. $315 million moved in ETF-related activity during February. This has affected short-term demand.
Market sentiment indicators show ‘extreme fear.’ When wariness is high, traders sell quickly to protect their investment. Lower trading volumes have made price swings stronger.
The total cryptocurrency market capitalization is now around $2.3 trillion. This is lower than recent highs, showing that the market is in a correction phase.
What Happens Next
The short-term trend remains weak. Bitcoin needs to move back above $65,000 for stronger recovery signs. Ethereum must stay above $1,850 to avoid further decline.
Cryptocurrency markets are known for sharp ups and downs. If selling slows and buyers return, prices could stabilize. Today’s session displayed large dips, caution, and high volatility in the digital asset space.