In the latest daily update on the cryptocurrency market, the overall downtrend continues to dominate trading activity, with persistently weak liquidity preventing any meaningful rebound.
Bitcoin has declined sharply from the $120,000 level to around $70,000, with the immediate key support zone holding between $67,000 and $68,000. On-chain indicators suggest the bear market may now be entering its later stages, with an additional important support level identified near $64,000.
Token performance remains highly differentiated. While some assets posted modest gains over the past 24 hours — such as TAO rising 1.8% — others experienced declines, including DEEP dropping 3.5%, alongside varied movements in tokens like ALGO and LINK.
Market pressure has been intensified by external factors, particularly geopolitical developments surrounding the US-Iran tensions and shifting expectations around Federal Reserve policy, both of which have contributed to heightened volatility and uncertainty.
Data also shows a clear reduction in overall trading activity and market liquidity, making the crypto market less capable of absorbing large capital flows compared to traditional asset classes such as gold and crude oil.
Meanwhile, institutional moves remain in focus, with MARA Holdings announcing the issuance of bonds to repurchase Bitcoin — a development being closely monitored under current market conditions.$BTC
