Bitcoin and Altcoins Correct as Crypto Market Sentiment Remains Strong

Crypto markets are experiencing a broad correction on Monday, following failed attempts to break through key resistance levels. Bitcoin (BTC) is retreating toward $79,000 as it faces ongoing profit-taking and persistent macroeconomic headwinds.

Despite the decline, market sentiment remains strong, with the Fear & Greed Index holding at 71 in the Greed territory. This reinforces appetite for risk assets, leading to steady capital inflows.

The US-listed crypto ETFs continue to uphold inflows, averaging $987 million last week through Friday. This marks the third consecutive week of inflows, reinforcing risk-on sentiment as institutional traders increasingly seek exposure.