The crypto market found itself reeling under losses on Thursday as a majority of assets underwent price correction. Bitcoin reflected a price drop of 3.11 percent over the last day bringing its price to $69,453.
Ether joined BTC in registering losses. At press time, the asset was retailing at $2,076 with a fall of 4.8 percent over the last day.
Analysts are viewing the daily price fluctuations of BTC and ETH as the assets being relatively stable compared to other altcoins amid the ongoing Middle East crisis and the impact it has been having on the prices of oil and gold among other assets.
“Bitcoin is holding steady around $69,000–$71,000, maintaining strong dominance and hinting at a possible move toward $80K if momentum builds. Ethereum sits near $2,100, slowly recovering but still needing stronger market confidence to push higher,” Sathvik Vishwanath, Co-Founder and CEO, Unocoin told Coin Headlines.
BNB, XRP, Solana, and Dogecoin succumbed to the market pressure and clocked losses within the range of three to six percent. Hyperliquid, Cardano, and Chainlink also met with similar fates and witnessed reductions within the same margin.
A majority of altcoins were trading in the reds at the time of writing. These also included Monero, Stellar, Litecoin, Avalanche, Hedera, Zcash, Shiba Inu, and World Liberty Financial.
The impact of the market bloodbath resulted in the crypto market cap taking a tumble of 3.14 percent. The valuation of the market presently sits at $2.38 trillion, as per CoinMarketCap.
“Currently, traders are now closely watching Friday’s $18.6 billion options expiry, which could act as a key catalyst for the next move. A favourable outcome may help BTC break above $75,000 and set the tone for the coming weeks. For now, $72,000 stands as immediate resistance for BTC while support has shifted higher toward the $69,000 level,” said Akshat Siddhant, Lead quant analyst, Mudrex.
Amid the ongoing price fluctuations, over 89,520 traders were liquidated in the last 24 hours with total liquidations hitting $250.5 million, data by CoinGlass showed.
The crypto fear and greed index score has been stable at 31 so far this week. It indicates at the sentiment of fear among investors — which has been the case throughout March 2026. It did hit the neutral zone earlier for a brief period before entering the fear zone again after the Fed held the interest rate steady and expressed economic uncertainty last week.
Source: CoinMarketCap