
The global cryptocurrency market capitalization fell to $2.75 trillion, down 1.2% over the past 24 hours, with trading volume at $95.24 billion. Bitcoin slipped to $78,218.90, Ethereum eased to $2,470.18, and XRP dropped to $1.39.
Bitcoin: Cooling Off, Not Breaking Down
Bitcoin remains stuck in a resistance zone between $80,000 and $82,000, with support holding between $73,000 and $75,000. Chart analysts say the pullback follows an overbought signal on the 3-day RSI, along with a confirmed bearish divergence that emerged roughly a week ago after Bitcoin’s recent short squeeze. Together, those signals point to further consolidation or a mild pullback rather than a sharp reversal.
Liquidation data shows 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, according to the analysis, even as the broader multi-year trend remains on cards.
Ethereum: Still Structurally Bullish Despite the Dip
Near-term, Ethereum faces resistance around $2,520 to $2,530, a level that has rejected price multiple times in recent weeks. The analyst said that repeated tests of resistance without a sharp rejection tend to weaken that resistance over time, increasing the odds of an eventual breakout, though a potential bearish divergence remains a risk if Ethereum’s RSI fails to clear its prior high during any breakout attempt.
XRP: Holding Key Support Amid Sideways Action
XRP continues to hold a critical support zone between $1.30 and $1.40 on the weekly chart, with the token trading sideways in the shorter term. Immediate support sits near $1.34 to $1.35, with resistance at $1.46 to $1.47. Because Bitcoin dominance has pulled back slightly, altcoins including XRP may hold up better than Bitcoin during this cooling-off period rather than falling in lockstep.
Treasury Buybacks Add a Macro Layer
Away from the charts, the US Treasury bought back $12.5 billion in short-term debt today and is expected to repurchase up to $6 billion in long-term bonds tomorrow, triple the usual size. The moves are aimed at managing bond market liquidity and containing yields, a dynamic that continues to factor into broader risk asset sentiment alongside crypto’s technical setup.
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