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In the past 24 hours, Ethereum was down 5.19% to $2,575. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano corrected up to 8.13%. Nischal Shetty, Founder, WazirX said the crypto market is attempting to stabilize after a sharp leveraged sell-off and the fall triggered around $394 million in liquidations within one hour, including approximately $384 million in long positions. Shetty further said that Bitcoin accounted for nearly $209 million of the liquidations, followed by Ethereum at $87 million, Solana at $27 million and XRP at $11 million. Across 24 hours, total market liquidations reached approximately $1.02 billion The global crypto market capitalisation was down 2.84% to $2.84 trillion, according to the data on CoinMarketCap. Minal Thukral, Executive VP-Growth & Crypto Business Head at CoinDCX said Bitcoin faced a significant upward pressure as the price plunged hard below $84,000 to $83,800 and the crypto fear and greed index is at 63, indicating the sentiments are still greedy. Over the last week, Bitcoin was up 0.02% and Ethereum was down 4.06%. Among the major altcoins, BNB, Tron, Dogecoin corrected upto 5.81% whereas Hyperliquid and Cardano gained 3.77% and 2.55% respectively. Riya Sehgal, Research Analyst, Delta Exchange said crypto markets have come under renewed selling pressure, with Bitcoin falling toward $84,000 and Ethereum declining to around $2,610 as macro uncertainty and a sharp derivatives unwind accelerated the downside. Sehgal further said that according to CoinGlass, 104,793 traders were liquidated over the past 24 hours, with total crypto liquidations reaching approximately $554.83 million which suggests forced position closures amplified the decline once key technical support levels were breached. Also Read |RBI MPC rate hike: Experts decode what the policy decision means for mutual fund investors Market perspective Prateek Gupta, Head of Business, Mudrex : Spot Bitcoin ETFs recorded $89.8 million in outflows Monday as inflows slowed sharply, breaking the momentum. However, on-chain signals remain supportive, with 40,000 BTC leaving Binance in two weeks, taking exchange reserves from 704,800 to 663,100 BTC. CoinSwitch Markets Desk: The market continues to consolidate above the $84K support zone, while stronger inflows will likely be needed for a sustained breakout. Macro conditions are becoming increasingly important, with BTC’s correlation to the S&P 500 rising and elevated long-term Treasury yields still limiting risk appetite. Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin’s latest pullback highlights a market caught between improving structural momentum and persistent macro pressure. If BTC holds $85,000 and eventually converts $87,000 into support, the path toward $90,000 becomes considerably clearer. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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