The cryptocurrency market has faced a sharp correction, with the total market capitalization currently sitting at $2.41 trillion, down significantly from the $2.65 trillion resistance level mentioned in recent analysis. The rebound that attempted to take hold earlier in the week has lost momentum as prices broke through critical support levels.
Bitcoin (BTC) is currently trading at $69,074, marking a stark decline from its late 2025 highs and struggling to maintain its position above the psychological $70,000 mark. Ethereum (ETH) has followed a similar downward trajectory, currently priced at $2,104, as it fails to hold key technical support.
Key Data Points:
✨️ Total Market Cap: $2.41 Trillion (down 6.9% in 24 hours)
✨️ Bitcoin Price: $69,074
✨️ Ethereum Price: $2,104
✨️ 24h Liquidation Volume: ~$800 Million
✨️ Fear & Greed Index: 14 (Extreme Fear)
The current market weakness is being attributed to a "crisis of faith" among traders, accelerated by nearly $800 million in liquidations over the last day.
Analysts note that while the market previously attempted to stabilize near $2.62 trillion, the failure to hold that level has opened the door for further downside, with eyes now on the $2 trillion long term psychological floor.
Momentum remains bearish as investors rotate out of high beta assets amid shifting Federal Reserve expectations.
