Crypto Markets Correct on Monday Amid Ongoing Headwinds

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

Altcoins such as Ethereum and XRP are reflecting Bitcoin's short-term bearish bias. Ethereum holds below $2,500 while XRP tests support at $1.40.

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