Crypto Markets Plunge Amid Macro Uncertainty: Bitcoin Below $64K, Ethereum Below $1.9K

Crypto markets have come under renewed pressure amid macroeconomic uncertainty and leveraged positioning. Bitcoin has slipped below $64,000, trading at $63,906, while Ethereum fell below $1,900, standing at $1,871.

The global crypto market capitalization edged down 1.24% to $2.19 trillion, according to CoinMarketCap. Trading volume reached $22.3 billion, said Vikram Subburaj, CEO of Giottus.

Bitcoin's failure to clear $65,400 suggests that ETF demand is being met by sufficient selling elsewhere in the market and staggered allocations are preferable to concentrated entries, particularly before the inflation release. Leverage should be kept low while Bitcoin remains below $66,800, said Subburaj.