The crypto market is starting the day with relatively stable dynamics as investors gradually return to risk, and the total capitalization of digital assets climbs to around $2.38 trillion.

However, market sentiment remains cautious – the fear and greed index is at a level of 26, which continues to signal a dominant feeling of fear among market participants.

BTC holds around $70,000

Bitcoin continues to trade near the key psychological level of $70,000, with the price currently moving around $69,800. Over the last 24 hours, the leading cryptocurrency reports a slight increase of around 0.37%, although on a weekly basis it remains approximately 3% lower.

bitcoin

Analysts report that the market for the leading digital asset is entering a consolidation period after the price attempted to break decisively above $71,000 earlier in the week but failed to maintain momentum. Such movements are often interpreted as an accumulation phase, in which investors await a new macroeconomic or regulatory catalyst.

At the same time, market participants continue to carefully monitor macroeconomic data, including inflation in the US. Some analysts believe that inflation around 2.4% may keep Bitcoin in the range of $65,000 – $72,000, while investors assess the likelihood of future Federal Reserve decisions regarding interest rates.

Ethereum stabilizes above $2,000

ETH, the second-largest cryptocurrency by market capitalization, also shows signs of stabilization. The token is trading around $2,046, reporting gains of approximately 1.23% over the last 24 hours.

ethereum

However, on a weekly basis, the altcoin remains under pressure, with declines close to 3%. Some analysts explain this dynamic with reduced market liquidity and weaker activity in some segments of decentralized finance.

Despite short-term uncertainty, Ethereum continues to attract interest from institutional investors, particularly against the backdrop of expectations for new technological improvements and ecosystem expansion.

Solana maintains stability despite weekly decline

SOL is trading around $85.89, reporting a slight daily gain of approximately 0.7%. However, the cryptocurrency remains under pressure on a weekly basis, where declines reach around 4.8%.

Solana continues to be one of the most active blockchains in terms of user activity and decentralized applications. In recent months, the ecosystem has attracted significant interest from developers and investors, particularly in the DeFi and NFT sectors.

Some analysts believe that Solana's current movement is part of a broader market correction, after the token posted a strong rally earlier in the year.

Altcoins remain under pressure

Despite the stabilization of leading cryptocurrencies, the broader altcoin market remains relatively weak.

The altcoin season index is around 40 out of 100, which shows that the market has not yet entered a classic "altcoin season," in which smaller tokens significantly outperform Bitcoin in returns.

Among the leading altcoins, BNB is trading around $647, XRP around $1.37, while TRON remains stable near $0.29.

Most of these assets show moderate daily movements but remain under pressure on a weekly basis.

What investors are watching

The crypto market remains heavily dependent on macroeconomic factors and sentiment in global financial markets. Investors carefully monitor inflation data, central bank policy, and financial system liquidity.

In the short term, a key level for Bitcoin remains $70,000, as a decisive break above this level could restore bullish momentum to the market. On the other hand, a decline below $65,000 could increase volatility and intensify pressure on riskier crypto assets.

While the market remains in wait-and-see mode, analysts warn that the next major move will likely be determined not only by crypto-specific factors but also by developments in the global economy.

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