Crypto Markets Under Pressure as Bitcoin Hits $64K

Bitcoin and Ethereum are under pressure as weak risk appetite keeps crypto markets subdued. Bitcoin is trading near $64,000, while Ethereum has underperformed, with both assets down by 2% in the past 24 hours.

The global cryptocurrency market capitalisation has edged down 2% to $2.19 trillion, according to CoinMarketCap. Experts warn that this divergence between subdued historical movement and low options pricing points to a tightly coiled market, where the next decisive macro or liquidity catalyst could trigger a meaningful expansion in volatility.

Technically, Bitcoin remains constructive above the $64,100, $64,700 demand zone, but repeated rejection near $66,500, $67,200 shows fading upside momentum. Ethereum is comparatively weaker below $1,880, $1,890, with $1,790 acting as the key structural support.

Nischal Shetty, Founder of WazirX, said that crypto markets ended the week on a steady note, with Bitcoin trading in the $64,500-$66,300 range and Ethereum fluctuating between $1,860 and $1,930. He attributed this to positive regulatory developments and sustained institutional participation.