The global cryptocurrency market capitalization fell to $2.75 trillion, down 1.2% over the past 24 hours, with trading volume at $95.24 billion. Bitcoin slipped to $78,218.90, Ethereum eased to $2,470.18, and XRP dropped to $1.39.
Bitcoin Consolidating in Resistance Zone
Bitcoin remains stuck between $80,000 and $82,000 resistance, with support holding between $73,000 and $75,000. Chart analysts attribute the pullback to an overbought signal on the 3-day RSI and a confirmed bearish divergence that emerged approximately one week ago following a short squeeze.
Liquidation data indicates the immediate level to watch sits between $77,200 and $77,400, with additional liquidity near $76,100. A dip toward the $76,000-$77,000 range remains a plausible near-term scenario, though the broader multi-year trend continues.
Ethereum Faces Repeated Resistance Tests
Ethereum faces near-term resistance around $2,520 to $2,530, a level that has rejected price multiple times in recent weeks. Analysts note that repeated tests of resistance without sharp rejection tend to weaken that level over time, increasing odds of an eventual breakout. A potential bearish divergence remains a risk if Ethereum's RSI fails to clear its prior high during a breakout attempt.
XRP Holds Support Zone
XRP continues to hold a critical support zone between $1.30 and $1.40 on the weekly chart, with the token trading sideways in the shorter term. Immediate support sits near $1.34 to $1.35, with resistance at $1.46 to $1.47. Because Bitcoin dominance has pulled back slightly, altcoins including XRP may hold up better than Bitcoin during this cooling-off period.
Treasury Operations Impact Risk Sentiment
The US Treasury bought back $12.5 billion in short-term debt and is expected to repurchase up to $6 billion in long-term bonds, triple the usual size. These moves are aimed at managing bond market liquidity and containing yields, a dynamic that continues to factor into broader risk asset sentiment alongside crypto's technical setup.
