Cryptocurrency Market Loses $33 Billion in 24 Hours as Bitcoin Falters

The global cryptocurrency market capitalization fell to $2.75 trillion over the past 24 hours, a decline of 1.2%. Bitcoin's price slipped to $78,218.90, while Ethereum eased to $2,470.18 and XRP dropped to $1.39.

Bitcoin remains stuck in a resistance zone between $80,000 and $82,000, with support holding between $73,000 and $75,000. Analysts point out that the pullback follows an overbought signal on the 3-day RSI and a confirmed bearish divergence that emerged after Bitcoin's recent short squeeze.

Liquidation data shows that the more immediate level to watch sits between $77,200 and $77,400, with additional liquidity below that near $76,100. A dip toward the $76,000-$77,000 range remains a plausible near-term scenario.