Bitcoin under $66,000, altcoins accelerate decline

The crypto market remains under pressure, with total capitalization dropping to around $2,26 trillion, a decline of approximately 2,9% for the day.

The Fear and Greed Index stands at level 14, signaling “extreme fear” and suggesting strong risk-averse behavior among investors.

Bitcoin is trading around $65 761, marking a decrease of 3,26% over the last 24 hours and nearly 4,18% for the week. Trading volume remains elevated—over $34,7 billion in 24 hours—demonstrating active selling but also increased interest around current price levels.

Ethereum also reports a decline, trading around $1 883, a drop of 4,67% for the day and over 4,5% over seven days. ETH’s market capitalization is holding around $227 billion, as pressure on altcoins remains more pronounced compared to the leading asset.

Altcoins under stronger pressure

Among the major tokens, XRP is down 3,54% in 24 hours to around $1,37, while Solana reports a steeper decline of over 7% on a daily basis, trading near $79. BNB is holding around $598, also in red territory.

The Altcoin Season Index remains at 31/100, indicating that the market is not in a distinct phase of altcoin dominance. The average RSI for the crypto market is around 39, placing some assets in a zone close to being oversold.

The overall picture outlines a market in defensive mode, with investors reacting cautiously to macroeconomic uncertainty and continued pressure on risk assets. The question for participants remains whether current levels will become an accumulation zone or if a new stage of downward movement will follow.