Bitcoin near $67,000: Stronger dollar, Fed tightening fears and ETF outflows weigh on crypto markets
In the past 24 hours, Bitcoin and Ethereum were down 1% and 0.3% respectively. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano corrected upto 3.6% whereas Tron was up 0.5%.
Riya Sehgal, Research Analyst, Delta Exchange said the crypto market extended its decline as macroeconomic uncertainty, institutional outflows and leveraged liquidations intensified selling pressure.Also Read |Children’s Day 2026: Which mutual funds should parents choose to secure their child’s future and what mistakes should they avoid?
“A stronger US dollar, concerns over tighter Federal Reserve policy, weakness in US technology stocks and continued Bitcoin ETF outflows weighed on investor sentiment. According to CoinGlass, 144,015 traders were liquidated over 24 hours, with total liquidations reaching $907.94 million.”
The near-term outlook remains bearish, with recovery dependent on stronger buying volume and a sustained move above immediate resistance levels, Sehgal further said.
The global crypto market capitalisation went down 2.1% to $2.36 trillion, according to the data on Coingecko.Over the last week, Bitcoin was down 11.3% and Ethereum was down 15.2%. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Tron, Hyperliquid and Cardano corrected upto 16%.
Nischal Shetty, Founder, WazirX said crypto markets began the week with support from recovering global equities, falling energy prices and a decline in the dollar. However, better-than-expected inflation, rising bond yields and sustained ETF withdrawals gradually tightened financial conditions.
“Institutional activity remained the main source of pressure. Across the four reported sessions, US spot Bitcoin ETFs recorded approximately $1.01 billion in combined net outflows, while Ethereum ETFs lost nearly $424 million.”
Bitcoin and Ethereum remaining near established support regions suggests spot demand continues to absorb part of the institutional selling. A broader recovery would require improving macro liquidity and more consistent ETF participation, Shetty further said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
