Crypto Price Today: Bitcoin at $66,800 and Ethereum at $2,120

Institutional sentiment has weakened following the suspension of withdrawals by crypto lender BlockFills

The cryptocurrency market is trading under visible pressure today, with major digital assets extending recent losses. Total global crypto market capitalization is hovering near $2.2 trillion, down from levels above $2.5 trillion seen earlier in the quarter. 

Daily trading volume across exchanges is estimated at $92–$105 billion, reflecting cautious participation and reduced speculative activity compared to peak sessions above $150 billion. Ethereum dominance is holding around 16.8%, while stablecoins account for nearly 8%–9% of total market share.

Bitcoin Price Action

Bitcoin (BTC) has been trading under the psychological level of $67,000 while its price has moved between $66,500 and $67,500 throughout the day. The asset has dropped about 3% during the last 24 hours and currently trades 20% lower than its peak value from earlier this year. Bitcoin has a market capitalization of approximately $1.31 trillion while its 24-hour spot trading volume ranges between $38 billion and $42 billion. 

Derivatives data show that liquidations are currently occurring at a high rate, as over $180 million in long positions have been liquidated during the last 24 hours. The technical structure shows that immediate support has formed at $63,000, while the $60,000 level provides stronger psychological support. 

Ethereum Struggles Below Key Levels 

Ethereum (ETH) trades below $2,150 as its spot prices move between $2,080 and $2,140 during the early hours of the trading session. The asset has experienced a price drop between 2.5% and 3% during the past 24 hours. Market capitalization of the token currently ranges between $258 billion and $262 billion. Recent volatility spiking resulted in the liquidation of approximately $95 million in leveraged positions. 

Immediate support for ETH is currently at $2,000, while its deeper structural support area exists between $1,920 and $1,950. The system has established resistance points that exist within the price range of $2,200 to $2,300. Ethereum network gas fees have reached their current average of 18 to 22 gwei, which shows a significant decrease from the 2025 peak value that exceeded 80 gwei.

Altcoins and Broader Market Movement

Major altcoins show mixed market performances. BNB is hovering near Rs. 55,538 with an 8% dip, and XRP  is at Rs. 124 with a 22% decrease. Solana stands near Rs. 7,264, losing approximately 3.4% over the past day. Tron (TRX) is showing relative resilience at Rs. 25.17, gaining about 0.4%.

In Indian markets, Bitcoin is trading around Rs. 60,96,981, down 1.5%, while Ethereum is quoted near Rs. 1,77,730, reflecting a 2.5% drop.

Lower-cap tokens are experiencing sharp but selective volatility. LayerZero has surged nearly 30%, Pippin has gained 24%, and Hyperliquid is up between 6% and 7%. 

Institutional and Macro Developments

Institutional sentiment has weakened following the suspension of withdrawals by crypto lender BlockFills. The platform cited liquidity challenges amid Bitcoin’s recent correction of nearly 20% from local highs. This development has increased caution among institutional participants and reduced short-term capital flows.

Macro conditions are also influencing price behavior. US economic data shows 2025 recorded the lowest job growth in a non-recession year since 2003. 

Currency analysts estimate that a rate reduction cycle could weaken the US Dollar Index by as much as 8%–10%, potentially affecting risk assets, including cryptocurrencies.

At the same time, long-term optimism remains present in institutional circles. Market commentary suggests that a 1% portfolio allocation to crypto across major Asian asset managers could unlock nearly $2 trillion in fresh capital flows over time. However, no confirmed allocation shift has been reported yet.

Liquidation and Derivatives Snapshot

The total value of crypto liquidations during the last 24 hours has exceeded $320 million, with Bitcoin and Ethereum responsible for almost 85% of all forced liquidations. The major exchanges show a 4% decrease in open interest because traders are reducing their leveraged positions.

Perpetual futures contracts show funding rates that range from -0.01% to -0.03%. This situation indicates that traders have adopted a defensive approach while showing slight negative market sentiment. 

Short-term market structure shows consolidation, which leads to downside risk for Bitcoin and Ethereum. The market needs to recover value above the $70,000 and $2,300 price points to show upward movement.

Final Thoughts

Market volatility maintains low levels even though current market conditions show weak performance, and traders experience levels of panic that exceed past corrective outbreaks. The market currently experiences a cooling phase, which shows decreased leverage, lower trading activity, and precautionary measures driven by macroeconomic factors.

The current state of cryptocurrency markets shows defensive behavior among international exchanges because total market capitalization has reached $2.2 trillion. Investors are watching economic indicators, liquidity patterns, and institutional activities to determine upcoming market direction.