The crypto market showed little fluctuation as the ongoing conflict between Iran and U.S., Israel entered its third day rattling Saudi Arabia and the UAE as well. Bitcoin on Monday reflected a minor price dip pf 1.39 percent over the last day. At the time of writing, BTC was trading at $65,430 which is 1.45 percent lower than its seven day average pricing as per CoinMarketCap.
Ether price slipped by 2.77 percent in the last 24 hours to have the second highest priced crypto asset to trade at $1,923.
In conversation with Coin Headlines, market participants said that If Bitcoin sustains above $66,000 and breaks past $67,600, momentum could extend toward $69,000–$71,000. Conversely, failure to hold $65,000 could reopen liquidity toward $63,000 before the next leg higher. Conversely, failure to hold $65K could reopen liquidity toward $63K before the next leg higher.
“The four-hour BTC chart shows a strong liquidity sweep below recent lows, with buyers defending the $63,800–$65,000 demand zone. Meanwhile, Ethereum remains under pressure below $2,000 as whales unwind holdings and open interest shrinks,” Riya Sehgal, Research Analyst, Delta Exchange told Coin Headlines. “When US markets reopen this evening, traders will closely watch how equities react to geopolitical developments, a key driver that could define crypto’s next directional move.”
A majority of altcoins are trading in the reds on Monday, religiously following BTC’s price action and by extension, Ether’s.
BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Bitcoin Cash have clocked losses within the range of one percent and four percent. Dogecoin, Cardano, Monero, Canton, Chainlink, and Stellar also registered losses within the same bracket.
Stellar, World Liberty Financial, and Ondo tokens slipped by around four percent over the last day to fetch losses on Monday.
“Renewed tariff threats and macroeconomic uncertainty have dampened risk appetite, pushing many investors away from volatile assets like cryptocurrencies in the near term,” said Sathvik Vishwanath, Co-Founder and CEO, Unocoin commenting on the market situation.
The overall crypto market cap was down by 0.50 percent at the valuation of $2.28 trillion, CoinMarketCap showed.
Source: CoinMarketCap
Over 81,100 traders were liquidated in the last 24 hours with total liquidations hitting $310 trillion, data by CoinGlass showed on Monday.