Crypto Markets Falter as Bitcoin Slips Below $64K and Ethereum Plunges Under $1,900
Crypto markets experienced renewed pressure on Tuesday, sending Bitcoin below $64,000 and Ethereum under $1,900. The global crypto market capitalization decreased by 1.24% to $2.19 trillion, according to CoinMarketCap.
Bitcoin's price slipped to $63,906, a 1.64% drop in the past 24 hours, while Ethereum fell to $1,871, down 2.33%. Among major altcoins, BNB and XRP dropped by up to 3.30%, whereas Tron and Hyperliquid rallied by up to 2.15%.
Riya Sehgal of Delta Exchange noted that Bitcoin was rejected from the $65,000-$65,500 region and slipped back toward $64,000, with Ether underperforming below $1,900 due to long liquidations. However, institutional demand through spot ETFs remains supportive.
Vikram Subburaj, CEO of Giottus, added that the trading volume reached $22.3 billion, following another unsuccessful attempt to hold above $65,000.